Kforce Inc. (NASDAQ:KFRC) Shares Acquired by Harbor Capital Advisors Inc.

Harbor Capital Advisors Inc. lifted its holdings in Kforce Inc. (NASDAQ:KFRC) by 10.6% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 9,307 shares of the business services provider’s stock after purchasing an additional 889 shares during the period. Harbor Capital Advisors Inc.’s holdings in Kforce were worth $528,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the business. Kathleen S. Wright Associates Inc. acquired a new position in shares of Kforce in the third quarter worth $30,000. TD Private Client Wealth LLC boosted its holdings in Kforce by 58.0% in the third quarter. TD Private Client Wealth LLC now owns 496 shares of the business services provider’s stock valued at $30,000 after purchasing an additional 182 shares during the period. Canada Pension Plan Investment Board acquired a new position in Kforce during the 2nd quarter worth $68,000. Benjamin F. Edwards & Company Inc. increased its holdings in Kforce by 96.0% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 1,313 shares of the business services provider’s stock worth $82,000 after purchasing an additional 643 shares during the period. Finally, Blue Trust Inc. raised its position in Kforce by 259.5% in the 3rd quarter. Blue Trust Inc. now owns 1,535 shares of the business services provider’s stock valued at $95,000 after purchasing an additional 1,108 shares in the last quarter. 92.77% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts recently weighed in on KFRC shares. StockNews.com upgraded shares of Kforce from a “hold” rating to a “buy” rating in a research note on Saturday, November 30th. Truist Financial reduced their price objective on shares of 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 shares of Kforce from a “neutral” rating to a “buy” rating and set a $71.00 target price for the company in a research note on Tuesday, October 15th.

Kforce Price Performance

KFRC stock opened at $55.70 on Wednesday. The business has a 50 day moving average price of $58.47 and a 200 day moving average price of $60.70. 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 stock has a market cap of $1.06 billion, a price-to-earnings ratio of 19.21 and a beta of 0.89. Kforce Inc. has a fifty-two week low of $52.96 and a fifty-two week high of $74.79.

Kforce (NASDAQ:KFRC) last issued its quarterly earnings data on Monday, October 28th. The business services provider reported $0.75 earnings per share for the quarter, topping the consensus estimate of $0.69 by $0.06. The business had revenue of $353.30 million during 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%. The company’s revenue was down 5.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.90 EPS. Equities research analysts anticipate that Kforce Inc. will post 2.68 earnings per share for the current fiscal year.

Kforce Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, December 20th. Investors 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 dividend on an annualized basis and a yield of 2.73%. Kforce’s dividend payout ratio is presently 52.41%.

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.