Steward Partners Investment Advisory LLC Has $61,000 Stock Position in Kforce Inc. (NASDAQ:KFRC)

Steward Partners Investment Advisory LLC decreased its position in Kforce Inc. (NASDAQ:KFRC) by 39.4% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,070 shares of the business services provider’s stock after selling 697 shares during the period. Steward Partners Investment Advisory LLC’s holdings in Kforce were worth $61,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in KFRC. TD Private Client Wealth LLC grew its stake in shares of Kforce by 58.0% in the 3rd quarter. TD Private Client Wealth LLC now owns 496 shares of the business services provider’s stock valued at $30,000 after purchasing an additional 182 shares during the period. Access Investment Management LLC grew its stake in shares of Kforce by 0.7% in the 4th quarter. Access Investment Management LLC now owns 36,605 shares of the business services provider’s stock valued at $2,076,000 after purchasing an additional 265 shares during the period. Blue Trust Inc. grew its stake in shares of Kforce by 17.9% in the 4th quarter. Blue Trust Inc. now owns 1,810 shares of the business services provider’s stock valued at $111,000 after purchasing an additional 275 shares during the period. Exchange Traded Concepts LLC grew its stake in shares of Kforce by 6.0% in the 4th quarter. Exchange Traded Concepts LLC now owns 5,154 shares of the business services provider’s stock valued at $292,000 after purchasing an additional 293 shares during the period. Finally, Inspire Investing LLC grew its stake in shares of 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. Institutional investors and hedge funds own 92.77% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com upgraded Kforce from a “hold” rating to a “buy” rating in a research note on Saturday, November 30th.

Kforce Stock Up 0.7 %

NASDAQ KFRC opened at $50.72 on Wednesday. The firm has a market cap of $969.35 million, a PE ratio of 18.93 and a beta of 0.83. Kforce Inc. has a one year low of $48.03 and a one year high of $72.19. The stock’s 50 day simple moving average is $52.47 and its 200 day simple moving average is $56.73. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.06 and a quick ratio of 2.06.

Kforce Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 21st. Investors of record on Friday, March 7th will be given a dividend of $0.39 per share. The ex-dividend date of this dividend is Friday, March 7th. This is a positive change from Kforce’s previous quarterly dividend of $0.38. This represents a $1.56 dividend on an annualized basis and a yield of 3.08%. Kforce’s dividend payout ratio is 58.21%.

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.