Kforce Inc. (NASDAQ:KFRC) Stock Position Trimmed by Victory Capital Management Inc.

Victory Capital Management Inc. decreased its position in Kforce Inc. (NASDAQ:KFRC) by 2.1% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 22,450 shares of the business services provider’s stock after selling 478 shares during the period. Victory Capital Management Inc. owned approximately 0.12% of Kforce worth $1,380,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Russell Investments Group Ltd. raised its stake in Kforce by 10.9% during the 1st quarter. Russell Investments Group Ltd. now owns 10,831 shares of the business services provider’s stock valued at $764,000 after acquiring an additional 1,067 shares in the last quarter. ProShare Advisors LLC grew its position in Kforce by 6.6% in the 1st quarter. ProShare Advisors LLC now owns 3,383 shares of the business services provider’s stock valued at $239,000 after buying an additional 209 shares in the last quarter. BOKF NA acquired a new position in Kforce during the 1st quarter valued at about $359,000. Harbor Capital Advisors Inc. raised its position in shares of Kforce by 14.1% during the 2nd quarter. Harbor Capital Advisors Inc. now owns 9,287 shares of the business services provider’s stock worth $577,000 after buying an additional 1,146 shares in the last quarter. Finally, Annex Advisory Services LLC lifted its stake in shares of Kforce by 14.8% in the 2nd quarter. Annex Advisory Services LLC now owns 9,008 shares of the business services provider’s stock worth $560,000 after acquiring an additional 1,162 shares during the period. 92.77% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the stock. StockNews.com lowered shares of Kforce from a “buy” rating to a “hold” rating in a research note on Friday. Truist Financial lowered their price target on Kforce from $68.00 to $58.00 and set a “hold” rating on the stock in a research report on Tuesday, October 29th. Finally, Sidoti upgraded Kforce from a “neutral” rating to a “buy” rating and set a $71.00 price objective for the company in a report on Tuesday, October 15th.

Kforce Stock Up 3.8 %

KFRC stock opened at $60.52 on Tuesday. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.06 and a quick ratio of 2.06. The firm has a market cap of $1.15 billion, a PE ratio of 20.71 and a beta of 0.88. Kforce Inc. has a 12 month low of $52.96 and a 12 month high of $74.79. The firm has a 50 day simple moving average of $58.59 and a 200 day simple moving average of $61.79.

Kforce (NASDAQ:KFRC) last released its quarterly earnings data on Monday, October 28th. The business services provider reported $0.75 earnings per share for the quarter, topping the consensus estimate of $0.69 by $0.06. The business had revenue of $353.30 million during the quarter, compared to analyst estimates of $352.19 million. Kforce had a return on equity of 33.50% and a net margin of 3.86%. The company’s revenue was down 5.3% compared to the same quarter last year. During the same period last year, the company posted $0.90 EPS. Equities research analysts forecast that Kforce Inc. will post 2.68 earnings per share for the current fiscal year.

Kforce Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Shareholders of record on Friday, December 6th will be paid a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a yield of 2.51%. The ex-dividend date is Friday, December 6th. Kforce’s dividend payout ratio is presently 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.