Atria Investments Inc Purchases 410 Shares of Kforce Inc. (NASDAQ:KFRC)

Atria Investments Inc grew its position in shares of Kforce Inc. (NASDAQ:KFRC) by 6.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,849 shares of the business services provider’s stock after acquiring an additional 410 shares during the quarter. Atria Investments Inc’s holdings in Kforce were worth $421,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. SG Americas Securities LLC bought a new stake in Kforce during the second quarter worth $718,000. Sei Investments Co. grew its holdings in 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 buying an additional 12,050 shares in the last quarter. Vaughan Nelson Investment Management L.P. grew its holdings in Kforce by 3.3% during the second quarter. Vaughan Nelson Investment Management L.P. now owns 756,788 shares of the business services provider’s stock worth $47,020,000 after buying an additional 23,920 shares in the last quarter. Raymond James & Associates grew its holdings in Kforce by 3.8% during the third quarter. Raymond James & Associates now owns 98,253 shares of the business services provider’s stock worth $6,038,000 after buying an additional 3,560 shares in the last quarter. Finally, Kayne Anderson Rudnick Investment Management LLC grew its holdings in 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 buying an additional 13,706 shares in the last quarter. Institutional investors own 92.77% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the company. Sidoti upgraded Kforce from a “neutral” rating to a “buy” rating and set a $71.00 price target for the company in a report on Tuesday, October 15th. StockNews.com upgraded Kforce from a “hold” rating to a “buy” rating in a report on Thursday, November 14th. Finally, Truist Financial reduced their price objective on Kforce from $68.00 to $58.00 and set a “hold” rating for the company in a research note on Tuesday, October 29th.

Kforce Stock Performance

Shares of KFRC opened at $57.98 on Thursday. The stock’s 50-day simple moving average is $58.74 and its 200 day simple moving average is $61.88. Kforce Inc. has a 52-week low of $52.96 and a 52-week high of $74.79. The stock has a market capitalization of $1.11 billion, a price-to-earnings ratio of 19.99 and a beta of 0.88. 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 (NASDAQ:KFRC) last announced its quarterly earnings data on Monday, October 28th. The business services provider reported $0.75 EPS for the quarter, beating the consensus estimate of $0.69 by $0.06. Kforce had a return on equity of 33.50% and a net margin of 3.86%. The firm had revenue of $353.30 million for the quarter, compared to analyst estimates of $352.19 million. During the same period in the prior year, the company earned $0.90 EPS. The company’s revenue was down 5.3% on a year-over-year basis. Research analysts forecast that Kforce Inc. will post 2.68 EPS for the current fiscal year.

Kforce Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Shareholders of record on Friday, December 6th will be issued a $0.38 dividend. This represents a $1.52 annualized dividend and a yield of 2.62%. The ex-dividend date is Friday, December 6th. Kforce’s dividend payout ratio (DPR) is currently 52.41%.

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.