Barclays PLC Increases Stake in Kforce Inc. (NASDAQ:KFRC)

Barclays PLC raised its position in shares of Kforce Inc. (NASDAQ:KFRC) by 171.9% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 42,166 shares of the business services provider’s stock after purchasing an additional 26,657 shares during the quarter. Barclays PLC owned 0.22% of Kforce worth $2,591,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the company. Kayne Anderson Rudnick Investment Management LLC increased 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 valued at $149,238,000 after acquiring an additional 13,706 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of Kforce by 2.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 719,163 shares of the business services provider’s stock worth $44,193,000 after purchasing an additional 17,087 shares in the last quarter. Wellington Management Group LLP increased its holdings in shares of Kforce by 6.7% in the 3rd quarter. Wellington Management Group LLP now owns 218,011 shares of the business services provider’s stock worth $13,397,000 after purchasing an additional 13,631 shares in the last quarter. Hotchkis & Wiley Capital Management LLC raised its stake in shares of Kforce by 28.4% in the third quarter. Hotchkis & Wiley Capital Management LLC now owns 186,016 shares of the business services provider’s stock worth $11,431,000 after purchasing an additional 41,180 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its holdings in shares of Kforce by 5.1% during the second quarter. Bank of New York Mellon Corp now owns 148,492 shares of the business services provider’s stock valued at $9,226,000 after purchasing an additional 7,214 shares in the last quarter. 92.77% of the stock is owned by hedge funds and other institutional investors.

Kforce Trading Up 1.0 %

Shares of NASDAQ:KFRC opened at $56.62 on Wednesday. The stock’s 50-day simple moving average is $58.53 and its two-hundred day simple moving average is $61.28. The stock has a market capitalization of $1.08 billion, a price-to-earnings ratio of 19.52 and a beta of 0.88. Kforce Inc. has a 52-week low of $52.96 and a 52-week high of $74.79. 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 posted its quarterly earnings data on Monday, October 28th. The business services provider reported $0.75 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.69 by $0.06. Kforce had a net margin of 3.86% and a return on equity of 33.50%. The company had revenue of $353.30 million for the quarter, compared to the consensus estimate of $352.19 million. During the same quarter last year, the firm posted $0.90 earnings per share. The firm’s revenue was down 5.3% compared to the same quarter last year. Analysts expect that Kforce Inc. will post 2.68 EPS for the current year.

Kforce Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, December 20th. Investors of record on Friday, December 6th were issued a $0.38 dividend. The ex-dividend date was Friday, December 6th. This represents a $1.52 dividend on an annualized basis and a yield of 2.68%. Kforce’s dividend payout ratio is currently 52.41%.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. Truist Financial reduced their price objective on Kforce from $68.00 to $58.00 and set a “hold” rating for the company in a report on Tuesday, October 29th. StockNews.com upgraded shares of Kforce from a “hold” rating to a “buy” rating in a research note on Saturday, November 30th. Finally, Sidoti upgraded shares of Kforce from a “neutral” rating to a “buy” rating and set a $71.00 price objective on the stock in a research report on Tuesday, October 15th.

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.