Bank of New York Mellon Corp Raises Stock Holdings in Kforce Inc. (NASDAQ:KFRC)

Bank of New York Mellon Corp increased its position in Kforce Inc. (NASDAQ:KFRC) by 9.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 148,971 shares of the business services provider’s stock after purchasing an additional 13,066 shares during the period. Bank of New York Mellon Corp owned 0.78% of Kforce worth $8,447,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Access Investment Management LLC grew its stake in Kforce by 0.7% in the fourth quarter. Access Investment Management LLC now owns 36,605 shares of the business services provider’s stock worth $2,076,000 after purchasing an additional 265 shares during the period. Rhumbline Advisers grew its stake in Kforce by 3.7% in the fourth quarter. Rhumbline Advisers now owns 40,093 shares of the business services provider’s stock worth $2,273,000 after purchasing an additional 1,425 shares during the period. Polaris Capital Management LLC grew its stake in Kforce by 8.2% in the fourth quarter. Polaris Capital Management LLC now owns 35,694 shares of the business services provider’s stock worth $2,024,000 after purchasing an additional 2,700 shares during the period. Mirae Asset Global Investments Co. Ltd. grew its stake in Kforce by 18.0% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 12,657 shares of the business services provider’s stock worth $718,000 after purchasing an additional 1,935 shares during the period. Finally, Blue Trust Inc. grew its stake in Kforce by 17.9% in the fourth quarter. Blue Trust Inc. now owns 1,810 shares of the business services provider’s stock worth $111,000 after purchasing an additional 275 shares during the period. 92.77% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised Kforce from a “hold” rating to a “buy” rating in a research note on Saturday, November 30th.

Kforce Trading Up 3.3 %

NASDAQ KFRC opened at $50.79 on Friday. Kforce Inc. has a 12 month low of $48.03 and a 12 month high of $72.19. The stock has a market cap of $970.55 million, a P/E ratio of 18.95 and a beta of 0.83. The stock’s fifty day moving average price is $52.79 and its 200-day moving average price is $57.16. 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 business also recently announced a quarterly dividend, which will be paid on Friday, March 21st. Stockholders of record on Friday, March 7th will be paid a $0.39 dividend. This is a boost from Kforce’s previous quarterly dividend of $0.38. This represents a $1.56 dividend on an annualized basis and a dividend yield of 3.07%. The ex-dividend date of this dividend is Friday, March 7th. Kforce’s dividend payout ratio is currently 58.21%.

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.