SG Americas Securities LLC Has $161,000 Stake in Kforce Inc. (NASDAQ:KFRC)

SG Americas Securities LLC cut its stake in Kforce Inc. (NASDAQ:KFRC) by 69.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 2,839 shares of the business services provider’s stock after selling 6,388 shares during the period. SG Americas Securities LLC’s holdings in Kforce were worth $161,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Harbor Capital Advisors Inc. lifted its holdings in shares of Kforce by 10.6% in the fourth quarter. Harbor Capital Advisors Inc. now owns 9,307 shares of the business services provider’s stock valued at $528,000 after purchasing an additional 889 shares in the last quarter. Barclays PLC lifted its stake in Kforce by 171.9% in the 3rd quarter. Barclays PLC now owns 42,166 shares of the business services provider’s stock valued at $2,591,000 after acquiring an additional 26,657 shares in the last quarter. Geode Capital Management LLC lifted its stake in Kforce by 4.0% in the 3rd quarter. Geode Capital Management LLC now owns 480,479 shares of the business services provider’s stock valued at $29,530,000 after acquiring an additional 18,386 shares in the last quarter. Raymond James & Associates boosted its position in Kforce by 3.8% during the 3rd quarter. Raymond James & Associates now owns 98,253 shares of the business services provider’s stock worth $6,038,000 after acquiring an additional 3,560 shares during the last quarter. Finally, Intech Investment Management LLC bought a new position in shares of Kforce during the 3rd quarter worth approximately $302,000. 92.77% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

NASDAQ:KFRC opened at $51.68 on Monday. The company has a current ratio of 2.06, a quick ratio of 2.06 and a debt-to-equity ratio of 0.16. The firm has a fifty day simple moving average of $56.84 and a 200 day simple moving average of $59.62. Kforce Inc. has a 1-year low of $51.11 and a 1-year high of $74.79. The stock has a market capitalization of $986.00 million, a PE ratio of 19.28 and a beta of 0.88.

Kforce Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 21st. Stockholders of record on Friday, March 7th will be given a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a dividend yield of 3.02%. The ex-dividend date of this dividend is Friday, March 7th. This is an increase from Kforce’s previous quarterly dividend of $0.38. Kforce’s dividend payout ratio (DPR) is 58.21%.

About Kforce

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.