Blue Trust Inc. Acquires 275 Shares of Kforce Inc. (NASDAQ:KFRC)

Blue Trust Inc. raised its stake in Kforce Inc. (NASDAQ:KFRC) by 17.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,810 shares of the business services provider’s stock after buying an additional 275 shares during the quarter. Blue Trust Inc.’s holdings in Kforce were worth $111,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in KFRC. TD Private Client Wealth LLC increased its stake in shares of Kforce by 58.0% during the 3rd quarter. TD Private Client Wealth LLC now owns 496 shares of the business services provider’s stock worth $30,000 after purchasing an additional 182 shares during the last quarter. Exchange Traded Concepts LLC boosted its holdings in shares of Kforce by 6.0% during the 4th quarter. Exchange Traded Concepts LLC now owns 5,154 shares of the business services provider’s stock worth $292,000 after buying an additional 293 shares during the period. The Manufacturers Life Insurance Company raised its holdings in Kforce by 4.1% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 9,508 shares of the business services provider’s stock valued at $591,000 after acquiring an additional 373 shares during the period. Inspire Investing LLC boosted its stake in Kforce by 5.9% in the 4th quarter. Inspire Investing LLC now owns 7,067 shares of the business services provider’s stock valued at $401,000 after purchasing an additional 394 shares during the period. Finally, Atria Investments Inc grew its stake in shares of Kforce by 6.4% in the third quarter. Atria Investments Inc now owns 6,849 shares of the business services provider’s stock valued at $421,000 after acquiring an additional 410 shares in the last quarter. Institutional investors and hedge funds own 92.77% of the company’s stock.

Wall Street Analyst Weigh In

KFRC has been the subject of a number of analyst reports. Sidoti raised Kforce from a “neutral” rating to a “buy” rating and set a $71.00 price target for the company in a research note on Tuesday, October 15th. Truist Financial reduced their target price on Kforce from $68.00 to $58.00 and set a “hold” rating on the stock in a report on Tuesday, October 29th. Finally, StockNews.com upgraded Kforce from a “hold” rating to a “buy” rating in a research report on Saturday, November 30th.

Kforce Stock Down 2.5 %

Shares of NASDAQ:KFRC opened at $52.43 on Friday. The company has a fifty day moving average of $57.00 and a 200-day moving average of $59.85. The company has a market capitalization of $1.00 billion, a PE ratio of 18.08 and a beta of 0.88. Kforce Inc. has a 52-week low of $52.08 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 Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 21st. Investors of record on Friday, March 7th will be paid a $0.39 dividend. This is a boost from Kforce’s previous quarterly dividend of $0.38. The ex-dividend date of this dividend is Friday, March 7th. This represents a $1.56 annualized dividend and a dividend yield of 2.98%. Kforce’s payout ratio is currently 52.41%.

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.