Kforce Inc. (NASDAQ:KFRC) Shares Acquired by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. boosted its holdings in Kforce Inc. (NASDAQ:KFRC) by 2.4% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 719,163 shares of the business services provider’s stock after purchasing an additional 17,087 shares during the quarter. Charles Schwab Investment Management Inc. owned about 3.77% of Kforce worth $44,193,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Intech Investment Management LLC purchased a new stake in shares of Kforce during the 3rd quarter worth approximately $302,000. Advisors Asset Management Inc. boosted its stake in Kforce by 197.3% in the third quarter. Advisors Asset Management Inc. now owns 2,396 shares of the business services provider’s stock valued at $147,000 after acquiring an additional 1,590 shares in the last quarter. MQS Management LLC acquired a new position in Kforce in the third quarter valued at $695,000. Aptus Capital Advisors LLC grew its holdings in shares of Kforce by 15.6% during the third quarter. Aptus Capital Advisors LLC now owns 86,815 shares of the business services provider’s stock worth $5,335,000 after purchasing an additional 11,734 shares during the last quarter. Finally, GSA Capital Partners LLP acquired a new stake in shares of Kforce during the third quarter worth about $468,000. 92.77% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

KFRC has been the subject of a number of research analyst reports. Truist Financial decreased their target price on Kforce from $68.00 to $58.00 and set a “hold” rating for the company in a research report on Tuesday, October 29th. StockNews.com raised Kforce from a “hold” rating to a “buy” rating in a report on Saturday. Finally, Sidoti raised shares of Kforce from a “neutral” rating to a “buy” rating and set a $71.00 target price on the stock in a report on Tuesday, October 15th.

Kforce Stock Up 0.6 %

KFRC opened at $59.99 on Monday. Kforce Inc. has a 52 week low of $52.96 and a 52 week high of $74.79. The business has a 50 day moving average price of $58.32 and a two-hundred day moving average price of $61.63. The company has a quick ratio of 2.06, a current ratio of 2.06 and a debt-to-equity ratio of 0.16. The company has a market cap of $1.14 billion, a PE ratio of 20.69 and a beta of 0.88.

Kforce (NASDAQ:KFRC) last released its quarterly earnings results on Monday, October 28th. The business services provider reported $0.75 EPS for the quarter, topping the consensus estimate of $0.69 by $0.06. Kforce had a return on equity of 33.50% and a net margin of 3.86%. The business had revenue of $353.30 million during the quarter, compared to analysts’ expectations of $352.19 million. During the same quarter in the prior year, the business earned $0.90 earnings per share. The company’s quarterly revenue was down 5.3% compared to the same quarter last year. As a group, research analysts anticipate that Kforce Inc. will post 2.68 EPS for the current year.

Kforce Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Friday, December 6th will be issued a $0.38 dividend. This represents a $1.52 annualized dividend and a dividend yield of 2.53%. The ex-dividend date is Friday, December 6th. Kforce’s payout ratio is 52.41%.

Kforce Profile

Kforce Inc provides professional staffing services and solutions in the United States. It operates through two segments, Technology, and Finance and Accounting (FA). The Technology segment provides talent solutions to its clients primarily in the areas of information technology, such as systems/applications architecture and development, data management and analytics, business and artificial intelligence, machine learning, project and program management, and network architecture and security.