Kayne Anderson Rudnick Investment Management LLC Has $149.24 Million Stock Position in Kforce Inc. (NASDAQ:KFRC)

Kayne Anderson Rudnick Investment Management LLC lifted its holdings in Kforce Inc. (NASDAQ:KFRC) by 0.6% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,402,035 shares of the business services provider’s stock after purchasing an additional 13,706 shares during the period. Kayne Anderson Rudnick Investment Management LLC owned 12.32% of Kforce worth $149,238,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the business. Sei Investments Co. lifted its position in shares of Kforce by 1.8% in the second quarter. Sei Investments Co. now owns 46,266 shares of the business services provider’s stock worth $2,874,000 after buying an additional 807 shares during the last quarter. Canada Pension Plan Investment Board acquired a new stake in Kforce in the 2nd quarter worth approximately $68,000. Benjamin F. Edwards & Company Inc. boosted its position in Kforce by 96.0% during the second 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. Inspire Investing LLC grew its holdings in Kforce by 12.2% during the second quarter. Inspire Investing LLC now owns 5,659 shares of the business services provider’s stock valued at $352,000 after purchasing an additional 614 shares during the last quarter. Finally, Hsbc Holdings PLC grew its holdings in Kforce by 68.4% during the second quarter. Hsbc Holdings PLC now owns 5,477 shares of the business services provider’s stock valued at $344,000 after purchasing an additional 2,224 shares during the last quarter. 92.77% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Separately, StockNews.com upgraded shares of Kforce from a “hold” rating to a “buy” rating in a research note on Thursday, August 1st. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat, Kforce currently has an average rating of “Hold” and a consensus price target of $68.00.

Kforce Stock Performance

Shares of NASDAQ KFRC opened at $62.26 on Friday. Kforce Inc. has a 12 month low of $55.55 and a 12 month high of $74.79. The company has a quick ratio of 2.33, a current ratio of 2.33 and a debt-to-equity ratio of 0.22. The company has a market cap of $1.21 billion, a P/E ratio of 21.54 and a beta of 0.88. The business’s 50 day moving average is $64.88 and its two-hundred day moving average is $64.70.

Kforce (NASDAQ:KFRC) last issued its quarterly earnings results on Monday, July 29th. The business services provider reported $0.75 earnings per share for the quarter, beating analysts’ consensus estimates of $0.73 by $0.02. Kforce had a net margin of 3.56% and a return on equity of 34.89%. The firm had revenue of $356.32 million during the quarter, compared to the consensus estimate of $356.20 million. During the same period in the prior year, the firm earned $0.95 EPS. The business’s revenue was down 8.4% on a year-over-year basis. On average, equities analysts expect that Kforce Inc. will post 2.7 EPS for the current year.

Kforce Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 27th. Stockholders of record on Friday, September 13th will be given a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a dividend yield of 2.44%. The ex-dividend date is Friday, September 13th. Kforce’s dividend payout ratio is presently 52.60%.

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.