MML Investors Services LLC Sells 853 Shares of Kforce Inc. (NASDAQ:KFRC)

MML Investors Services LLC cut its holdings in Kforce Inc. (NASDAQ:KFRC) by 16.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,328 shares of the business services provider’s stock after selling 853 shares during the period. MML Investors Services LLC’s holdings in Kforce were worth $266,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Bank of New York Mellon Corp boosted its holdings in Kforce by 5.1% during the 2nd quarter. Bank of New York Mellon Corp now owns 148,492 shares of the business services provider’s stock valued at $9,226,000 after acquiring an additional 7,214 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Kforce by 49.1% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,930 shares of the business services provider’s stock valued at $244,000 after purchasing an additional 1,294 shares during the period. Principal Financial Group Inc. grew its holdings in shares of Kforce by 10.9% in the second quarter. Principal Financial Group Inc. now owns 10,852 shares of the business services provider’s stock worth $674,000 after purchasing an additional 1,068 shares during the last quarter. Azzad Asset Management Inc. ADV increased its stake in shares of Kforce by 1.6% in the second quarter. Azzad Asset Management Inc. ADV now owns 12,997 shares of the business services provider’s stock worth $808,000 after buying an additional 205 shares during the period. Finally, Hantz Financial Services Inc. bought a new stake in Kforce during the 2nd quarter valued at $1,488,000. 92.77% of the stock is currently owned by hedge funds and other institutional investors.

Kforce Stock Up 1.0 %

Shares of NASDAQ:KFRC opened at $56.62 on Thursday. The company has a current ratio of 2.06, a quick ratio of 2.06 and a debt-to-equity ratio of 0.16. The stock has a fifty day simple moving average of $58.53 and a two-hundred day simple moving average of $61.28. Kforce Inc. has a 12-month low of $52.96 and a 12-month high of $74.79. The stock has a market capitalization of $1.08 billion, a price-to-earnings ratio of 19.52 and a beta of 0.88.

Kforce (NASDAQ:KFRC) last announced its quarterly earnings data on Monday, October 28th. The business services provider reported $0.75 EPS for the quarter, beating the consensus estimate of $0.69 by $0.06. The company had revenue of $353.30 million for the quarter, compared to the consensus estimate of $352.19 million. Kforce had a net margin of 3.86% and a return on equity of 33.50%. Kforce’s revenue for the quarter was down 5.3% on a year-over-year basis. During the same period in the prior year, the firm posted $0.90 EPS. On average, research analysts anticipate that Kforce Inc. will post 2.68 earnings per share for the current fiscal year.

Kforce Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, December 20th. Shareholders of record on Friday, December 6th were paid a dividend of $0.38 per share. The ex-dividend date was Friday, December 6th. This represents a $1.52 annualized dividend and a yield of 2.68%. Kforce’s dividend payout ratio is 52.41%.

Analyst Ratings Changes

A number of research firms have issued reports on KFRC. StockNews.com upgraded shares of Kforce from a “hold” rating to a “buy” rating in a research report on Saturday, November 30th. Truist Financial reduced their price target on Kforce from $68.00 to $58.00 and set a “hold” rating on the stock in a report on Tuesday, October 29th. Finally, Sidoti upgraded Kforce from a “neutral” rating to a “buy” rating and set a $71.00 price objective for the company in a report on Tuesday, October 15th.

About Kforce

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.