Azzad Asset Management Inc. ADV Has $810,000 Holdings in Kforce Inc. (NASDAQ:KFRC)

Azzad Asset Management Inc. ADV raised its position in Kforce Inc. (NASDAQ:KFRC) by 1.5% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 13,189 shares of the business services provider’s stock after buying an additional 192 shares during the period. Azzad Asset Management Inc. ADV owned 0.07% of Kforce worth $810,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in KFRC. Vaughan Nelson Investment Management L.P. lifted its position in shares of Kforce by 14.6% during the first quarter. Vaughan Nelson Investment Management L.P. now owns 732,868 shares of the business services provider’s stock worth $51,682,000 after purchasing an additional 93,180 shares in the last quarter. SG Americas Securities LLC acquired a new position in shares of Kforce during the second quarter worth approximately $718,000. Sei Investments Co. lifted its position in shares of Kforce by 36.1% during the first quarter. Sei Investments Co. now owns 45,459 shares of the business services provider’s stock worth $3,207,000 after purchasing an additional 12,050 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC lifted its position in shares of Kforce by 0.6% during the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 2,402,035 shares of the business services provider’s stock worth $149,238,000 after purchasing an additional 13,706 shares in the last quarter. Finally, Hantz Financial Services Inc. acquired a new position in shares of Kforce during the second quarter worth approximately $1,488,000. 92.77% of the stock is currently owned by institutional investors and hedge funds.

Kforce Trading Down 0.8 %

KFRC opened at $55.85 on Wednesday. The company has a debt-to-equity ratio of 0.22, a current ratio of 2.33 and a quick ratio of 2.33. The company has a market cap of $1.09 billion, a price-to-earnings ratio of 19.33 and a beta of 0.87. The firm has a 50 day simple moving average of $62.96 and a 200 day simple moving average of $63.69. Kforce Inc. has a fifty-two week low of $55.55 and a fifty-two week high of $74.79.

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

Kforce Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Friday, September 13th were paid a $0.38 dividend. This represents a $1.52 annualized dividend and a yield of 2.72%. The ex-dividend date of this dividend was Friday, September 13th. Kforce’s payout ratio is presently 52.60%.

Wall Street Analyst Weigh In

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

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.