First Trust Advisors LP purchased a new stake in Kforce, Inc. (NASDAQ:KFRC) during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 18,792 shares of the business services provider’s stock, valued at approximately $380,000. First Trust Advisors LP owned 0.07% of Kforce at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in KFRC. Morgan Stanley grew its position in Kforce by 1.3% in the first quarter. Morgan Stanley now owns 154,990 shares of the business services provider’s stock valued at $3,681,000 after acquiring an additional 1,949 shares during the period. Bank of America Corp DE grew its position in Kforce by 28.8% in the first quarter. Bank of America Corp DE now owns 50,955 shares of the business services provider’s stock valued at $1,210,000 after acquiring an additional 11,387 shares during the period. Credit Suisse AG grew its position in Kforce by 35.8% in the first quarter. Credit Suisse AG now owns 46,505 shares of the business services provider’s stock valued at $1,104,000 after acquiring an additional 12,252 shares during the period. Goldman Sachs Group Inc. grew its position in Kforce by 125.6% in the first quarter. Goldman Sachs Group Inc. now owns 25,118 shares of the business services provider’s stock valued at $597,000 after acquiring an additional 13,984 shares during the period. Finally, Bank of Montreal Can grew its position in Kforce by 9.1% in the second quarter. Bank of Montreal Can now owns 64,809 shares of the business services provider’s stock valued at $1,270,000 after acquiring an additional 5,382 shares during the period. Hedge funds and other institutional investors own 79.05% of the company’s stock.

Shares of Kforce, Inc. (NASDAQ:KFRC) opened at $26.10 on Monday. The company has a debt-to-equity ratio of 0.91, a quick ratio of 2.95 and a current ratio of 2.95. The company has a market capitalization of $690.80, a price-to-earnings ratio of 17.64 and a beta of 1.67. Kforce, Inc. has a 1-year low of $16.75 and a 1-year high of $26.95.

Kforce (NASDAQ:KFRC) last announced its earnings results on Tuesday, October 31st. The business services provider reported $0.45 EPS for the quarter, hitting the consensus estimate of $0.45. The company had revenue of $341.05 million for the quarter, compared to analysts’ expectations of $340.67 million. Kforce had a return on equity of 28.83% and a net margin of 2.71%. The business’s revenue for the quarter was up .2% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.44 earnings per share. research analysts expect that Kforce, Inc. will post 1.5 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 22nd. Stockholders of record on Friday, December 8th will be issued a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 1.84%. The ex-dividend date of this dividend is Thursday, December 7th. Kforce’s payout ratio is presently 33.57%.

In other news, CFO David M. Kelly sold 15,000 shares of the company’s stock in a transaction on Monday, November 6th. The stock was sold at an average price of $24.05, for a total transaction of $360,750.00. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO David L. Dunkel sold 17,000 shares of the company’s stock in a transaction on Monday, November 6th. The shares were sold at an average price of $23.90, for a total value of $406,300.00. The disclosure for this sale can be found here. Insiders have sold 50,750 shares of company stock worth $1,234,503 in the last 90 days. Company insiders own 13.30% of the company’s stock.

A number of brokerages have weighed in on KFRC. Robert W. Baird reiterated a “buy” rating and issued a $25.00 price target on shares of Kforce in a research report on Friday, November 3rd. Zacks Investment Research upgraded Kforce from a “sell” rating to a “hold” rating in a report on Wednesday, October 4th. Northcoast Research upgraded Kforce from a “neutral” rating to a “buy” rating in a report on Monday, November 6th. ValuEngine upgraded Kforce from a “hold” rating to a “buy” rating in a report on Friday, October 27th. Finally, SunTrust Banks cut Kforce from a “buy” rating to a “hold” rating and decreased their target price for the stock from $23.00 to $22.00 in a report on Wednesday, October 11th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and five have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $24.20.

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Kforce Profile

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.

Institutional Ownership by Quarter for Kforce (NASDAQ:KFRC)

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