Tributary Capital Management LLC boosted its position in Kforce, Inc. (NASDAQ:KFRC) by 24.2% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 620,837 shares of the business services provider’s stock after buying an additional 120,989 shares during the period. Kforce accounts for 1.4% of Tributary Capital Management LLC’s portfolio, making the stock its 24th largest position. Tributary Capital Management LLC owned about 2.47% of Kforce worth $14,745,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in KFRC. Envestnet Asset Management Inc. raised its stake in shares of Kforce by 1.0% in the fourth quarter. Envestnet Asset Management Inc. now owns 15,905 shares of the business services provider’s stock worth $367,000 after buying an additional 154 shares during the period. Wells Fargo & Company MN raised its stake in shares of Kforce by 1.1% in the first quarter. Wells Fargo & Company MN now owns 50,619 shares of the business services provider’s stock worth $1,203,000 after buying an additional 571 shares during the last quarter. Parametric Portfolio Associates LLC raised its stake in shares of Kforce by 0.8% in the first quarter. Parametric Portfolio Associates LLC now owns 76,375 shares of the business services provider’s stock worth $1,814,000 after buying an additional 637 shares during the last quarter. Metropolitan Life Insurance Co. NY raised its stake in shares of Kforce by 4.8% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 18,684 shares of the business services provider’s stock worth $432,000 after buying an additional 856 shares during the last quarter. Finally, American International Group Inc. raised its stake in shares of Kforce by 7.1% in the first quarter. American International Group Inc. now owns 15,103 shares of the business services provider’s stock worth $359,000 after buying an additional 1,001 shares during the last quarter. 77.71% of the stock is currently owned by institutional investors and hedge funds.

Institutional Ownership by Quarter for Kforce (NASDAQ:KFRC)

Shares of Kforce, Inc. (NASDAQ:KFRC) traded up 0.27% on Friday, reaching $18.60. 299,096 shares of the company’s stock traded hands. Kforce, Inc. has a 12-month low of $15.78 and a 12-month high of $26.95. The stock has a 50-day moving average price of $19.18 and a 200-day moving average price of $22.32. The company has a market cap of $469.33 million, a PE ratio of 13.81 and a beta of 1.53.

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 23rd. Investors of record on Friday, June 9th will be issued a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 2.58%. The ex-dividend date is Wednesday, June 7th. Kforce’s dividend payout ratio (DPR) is 35.82%.

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A number of brokerages have recently weighed in on KFRC. Zacks Investment Research lowered shares of Kforce from a “hold” rating to a “sell” rating in a research note on Wednesday, May 3rd. TheStreet cut shares of Kforce from a “b-” rating to a “c+” rating in a research report on Wednesday, May 31st. ValuEngine cut shares of Kforce from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. Credit Suisse Group cut shares of Kforce from an “outperform” rating to a “neutral” rating and set a $25.00 price target for the company. in a research report on Friday, February 24th. They noted that the move was a valuation call. Finally, William Blair reissued an “outperform” rating on shares of Kforce in a research report on Friday, February 24th. One research analyst has rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the company’s stock. Kforce currently has an average rating of “Hold” and an average price target of $24.50.

In related news, COO Kye L. Mitchell sold 8,838 shares of the company’s stock in a transaction that occurred on Friday, May 5th. The stock was sold at an average price of $20.68, for a total value of $182,769.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO David L. Dunkel sold 8,000 shares of the company’s stock in a transaction that occurred on Friday, May 26th. The shares were sold at an average price of $18.32, for a total value of $146,560.00. The disclosure for this sale can be found here. Insiders sold 18,838 shares of company stock valued at $371,330 over the last ninety days. 13.30% of the stock is currently owned by corporate insiders.

About Kforce

Kforce Inc (Kforce) is engaged in providing professional and technical specialty staffing services and solutions. The Company operates through three segments, which include Technology (Tech), Finance and Accounting (FA) and Government Solutions (GS). The Company’s Tech segment includes the operations of its subsidiary Kforce Global Solutions, Inc The FA segment is engaged in providing both temporary staffing and permanent placement services to its clients in areas, such as general accounting, business analysis and others.

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