Royce & Associates LP trimmed its position in shares of Kforce Inc. (NASDAQ:KFRC – Free Report) by 17.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 110,347 shares of the business services provider’s stock after selling 23,476 shares during the period. Royce & Associates LP owned about 0.61% of Kforce worth $3,412,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors have also modified their holdings of KFRC. AQR Capital Management LLC raised its holdings in shares of Kforce by 9.7% during the first quarter. AQR Capital Management LLC now owns 22,785 shares of the business services provider’s stock worth $1,114,000 after acquiring an additional 2,017 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Kforce by 4.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 10,841 shares of the business services provider’s stock worth $530,000 after acquiring an additional 474 shares in the last quarter. Millennium Management LLC raised its holdings in shares of Kforce by 3.5% during the first quarter. Millennium Management LLC now owns 133,829 shares of the business services provider’s stock worth $6,543,000 after acquiring an additional 4,511 shares in the last quarter. Goldman Sachs Group Inc. raised its holdings in shares of Kforce by 64.9% during the first quarter. Goldman Sachs Group Inc. now owns 251,712 shares of the business services provider’s stock worth $12,306,000 after acquiring an additional 99,050 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in shares of Kforce by 5.8% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 39,416 shares of the business services provider’s stock worth $1,927,000 after acquiring an additional 2,159 shares in the last quarter. 92.77% of the stock is currently owned by hedge funds and other institutional investors.
Kforce Price Performance
NASDAQ KFRC opened at $46.95 on Friday. Kforce Inc. has a fifty-two week low of $24.49 and a fifty-two week high of $47.50. The stock’s 50-day moving average is $35.37 and its two-hundred day moving average is $32.26. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.06 and a quick ratio of 2.06. The firm has a market cap of $837.21 million, a P/E ratio of 17.52 and a beta of 0.87.
Kforce Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Friday, June 26th. Shareholders of record on Friday, June 12th will be issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 3.4%. The ex-dividend date is Friday, June 12th. Kforce’s dividend payout ratio (DPR) is 80.81%.
Analysts Set New Price Targets
Several analysts recently issued reports on KFRC shares. William Blair upgraded Kforce from a “market perform” rating to an “outperform” rating in a report on Tuesday, April 21st. UBS Group increased their price objective on Kforce from $34.50 to $39.00 and gave the stock a “neutral” rating in a report on Tuesday, February 3rd. Zacks Research upgraded Kforce from a “hold” rating to a “strong-buy” rating in a report on Wednesday, April 29th. Finally, Robert W. Baird increased their price objective on Kforce from $40.00 to $42.00 and gave the stock an “outperform” rating in a report on Tuesday, April 28th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $39.67.
Check Out Our Latest Stock Report on Kforce
Kforce Company Profile
Kforce Inc is a professional staffing services firm headquartered in Tampa, Florida, trading on NASDAQ under the symbol KFRC. The company specializes in connecting organizations with skilled talent in technology, finance and accounting, and related business functions. Through a nationwide network of offices, Kforce partners with clients across industries to deliver both flexible contract staffing and direct hire placement solutions.
Kforce’s core offerings include temporary staffing, permanent placement, and project-based consulting engagements.
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