Blue Trust Inc. Cuts Stake in Kforce Inc. (NASDAQ:KFRC)

Blue Trust Inc. cut its stake in Kforce Inc. (NASDAQ:KFRC) by 23.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,170 shares of the business services provider’s stock after selling 365 shares during the quarter. Blue Trust Inc.’s holdings in Kforce were worth $66,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. TD Private Client Wealth LLC grew its holdings in shares of 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. Advisors Asset Management Inc. grew its stake in shares of Kforce by 197.3% in the 3rd quarter. Advisors Asset Management Inc. now owns 2,396 shares of the business services provider’s stock valued at $147,000 after buying an additional 1,590 shares during the period. Paloma Partners Management Co purchased a new stake in shares of Kforce in the 3rd quarter valued at approximately $221,000. Heritage Family Offices LLP acquired a new stake in shares of Kforce during the 4th quarter worth approximately $258,000. Finally, Exchange Traded Concepts LLC raised its position in shares of Kforce by 6.0% during the 4th quarter. Exchange Traded Concepts LLC now owns 5,154 shares of the business services provider’s stock valued at $292,000 after buying an additional 293 shares during the period. 92.77% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the stock. Truist Financial lowered their target price on shares of Kforce from $68.00 to $58.00 and set a “hold” rating for the company in a research note on Tuesday, October 29th. StockNews.com raised shares of Kforce from a “hold” rating to a “buy” rating in a research report on Saturday, November 30th.

Kforce Stock Up 1.1 %

Kforce stock opened at $49.06 on Tuesday. The stock has a 50 day moving average of $54.50 and a two-hundred day moving average of $58.35. Kforce Inc. has a twelve month low of $48.03 and a twelve month high of $74.79. The stock has a market capitalization of $936.03 million, a price-to-earnings ratio of 18.31 and a beta of 0.88. The company has a current ratio of 2.06, a quick ratio of 2.06 and a debt-to-equity ratio of 0.16.

Kforce Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 21st. Stockholders of record on Friday, March 7th will be issued a $0.39 dividend. This is a boost from Kforce’s previous quarterly dividend of $0.38. This represents a $1.56 annualized dividend and a dividend yield of 3.18%. The ex-dividend date of this dividend is Friday, March 7th. Kforce’s dividend payout ratio (DPR) is currently 58.21%.

Kforce Company 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.