AQR Capital Management LLC Raises Stock Holdings in Kforce Inc. (NASDAQ:KFRC)

AQR Capital Management LLC boosted its position in Kforce Inc. (NASDAQ:KFRC) by 28.9% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 17,874 shares of the business services provider’s stock after purchasing an additional 4,011 shares during the quarter. AQR Capital Management LLC owned approximately 0.09% of Kforce worth $1,111,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the company. Blue Trust Inc. grew its position in shares of Kforce by 59.9% in the 2nd quarter. Blue Trust Inc. now owns 427 shares of the business services provider’s stock worth $27,000 after buying an additional 160 shares during the last quarter. Benjamin F. Edwards & Company Inc. increased its position in shares of Kforce by 487.7% during the first quarter. Benjamin F. Edwards & Company Inc. now owns 670 shares of the business services provider’s stock worth $47,000 after purchasing an additional 556 shares in the last quarter. nVerses Capital LLC lifted its holdings in shares of Kforce by 50.0% during the 2nd quarter. nVerses Capital LLC now owns 900 shares of the business services provider’s stock valued at $56,000 after purchasing an additional 300 shares during the last quarter. Canada Pension Plan Investment Board acquired a new position in Kforce during the 2nd quarter valued at about $68,000. Finally, Virtu Financial LLC purchased a new stake in Kforce in the fourth quarter valued at about $207,000. 92.77% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

Kforce Stock Up 0.8 %

Shares of KFRC stock opened at $56.01 on Friday. The company has a debt-to-equity ratio of 0.22, a quick ratio of 2.33 and a current ratio of 2.33. Kforce Inc. has a fifty-two week low of $55.15 and a fifty-two week high of $74.79. The firm has a market capitalization of $1.09 billion, a PE ratio of 19.38 and a beta of 0.87. The stock’s 50-day simple moving average is $62.26 and its 200-day simple moving average is $63.49.

Kforce (NASDAQ:KFRC) last released its quarterly earnings data 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 firm had revenue of $356.32 million for the quarter, compared to analyst estimates of $356.20 million. Kforce had a net margin of 3.56% and a return on equity of 34.89%. The business’s quarterly revenue was down 8.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.95 earnings per share. Equities analysts expect that Kforce Inc. will post 2.7 earnings per share for the current year.

Kforce Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Friday, September 13th were given a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a yield of 2.71%. The ex-dividend date of this dividend was Friday, September 13th. Kforce’s dividend payout ratio is currently 52.60%.

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.