Raymond James Financial Inc. Makes New $5.15 Million Investment in Kforce Inc. (NASDAQ:KFRC)

Raymond James Financial Inc. acquired a new position in Kforce Inc. (NASDAQ:KFRC) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 90,755 shares of the business services provider’s stock, valued at approximately $5,146,000. Raymond James Financial Inc. owned 0.48% of Kforce as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in KFRC. Charles Schwab Investment Management Inc. boosted its holdings in Kforce by 5.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 758,963 shares of the business services provider’s stock worth $43,033,000 after buying an additional 39,800 shares during the period. Geode Capital Management LLC lifted its holdings in shares of Kforce by 4.0% in the third quarter. Geode Capital Management LLC now owns 480,479 shares of the business services provider’s stock worth $29,530,000 after buying an additional 18,386 shares in the last quarter. Tributary Capital Management LLC lifted its holdings in shares of Kforce by 38.3% in the fourth quarter. Tributary Capital Management LLC now owns 422,930 shares of the business services provider’s stock worth $23,980,000 after buying an additional 117,231 shares in the last quarter. Wellington Management Group LLP boosted its position in shares of Kforce by 6.7% during the third quarter. Wellington Management Group LLP now owns 218,011 shares of the business services provider’s stock worth $13,397,000 after acquiring an additional 13,631 shares during the last quarter. Finally, Hotchkis & Wiley Capital Management LLC lifted its position in shares of Kforce by 28.4% in the third quarter. Hotchkis & Wiley Capital Management LLC now owns 186,016 shares of the business services provider’s stock worth $11,431,000 after buying an additional 41,180 shares in the last quarter. 92.77% of the stock is owned by hedge funds and other institutional investors.

Kforce Stock Performance

NASDAQ KFRC opened at $48.29 on Wednesday. The company has a market cap of $922.87 million, a P/E ratio of 18.02 and a beta of 0.83. The business’s 50 day moving average price is $51.86 and its 200-day moving average price is $56.20. Kforce Inc. has a fifty-two week low of $47.63 and a fifty-two week high of $71.48. The company has a debt-to-equity ratio of 0.16, a quick ratio of 2.06 and a current ratio of 2.06.

Kforce Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 21st. Investors of record on Friday, March 7th were paid a dividend of $0.39 per share. The ex-dividend date was Friday, March 7th. 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 3.23%. Kforce’s payout ratio is currently 58.21%.

Analyst Upgrades and Downgrades

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

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.