Vanguard Group Inc. Sells 66,973 Shares of Kforce Inc. (NASDAQ:KFRC)

Vanguard Group Inc. lowered its holdings in Kforce Inc. (NASDAQ:KFRCFree Report) by 3.2% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,016,987 shares of the business services provider’s stock after selling 66,973 shares during the quarter. Vanguard Group Inc. owned 0.10% of Kforce worth $120,333,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in KFRC. Ronald Blue Trust Inc. boosted its position in Kforce by 352.1% in the third quarter. Ronald Blue Trust Inc. now owns 434 shares of the business services provider’s stock valued at $27,000 after buying an additional 338 shares in the last quarter. Coppell Advisory Solutions Corp. bought a new stake in shares of Kforce during the fourth quarter worth $56,000. Point72 Middle East FZE bought a new stake in shares of Kforce during the fourth quarter worth $59,000. Tower Research Capital LLC TRC increased its position in shares of Kforce by 125.2% during the third quarter. Tower Research Capital LLC TRC now owns 1,083 shares of the business services provider’s stock worth $65,000 after acquiring an additional 602 shares in the last quarter. Finally, Quantbot Technologies LP increased its position in shares of Kforce by 83.3% during the second quarter. Quantbot Technologies LP now owns 1,100 shares of the business services provider’s stock worth $67,000 after acquiring an additional 500 shares in the last quarter. Institutional investors own 92.77% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently commented on KFRC. StockNews.com cut shares of Kforce from a “buy” rating to a “hold” rating in a report on Tuesday, February 6th. Truist Financial increased their target price on shares of Kforce from $57.00 to $70.00 and gave the stock a “hold” rating in a report on Thursday, January 25th. Finally, Robert W. Baird increased their price target on shares of Kforce from $62.00 to $72.00 and gave the company an “outperform” rating in a research note on Tuesday, February 6th. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $68.33.

Read Our Latest Stock Analysis on KFRC

Kforce Stock Performance

NASDAQ KFRC opened at $67.46 on Thursday. The firm has a 50-day moving average of $69.27 and a 200-day moving average of $65.71. The company has a debt-to-equity ratio of 0.26, a quick ratio of 2.37 and a current ratio of 2.37. The stock has a market cap of $1.32 billion, a PE ratio of 21.55 and a beta of 0.85. Kforce Inc. has a 52-week low of $50.89 and a 52-week high of $74.79.

Kforce (NASDAQ:KFRCGet Free Report) last posted its earnings results on Monday, February 5th. The business services provider reported $0.82 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.79 by $0.03. The company had revenue of $363.45 million during the quarter, compared to analysts’ expectations of $363.29 million. Kforce had a net margin of 3.99% and a return on equity of 38.24%. Kforce’s quarterly revenue was down 13.4% compared to the same quarter last year. During the same quarter last year, the company posted $0.93 EPS. On average, sell-side analysts anticipate that Kforce Inc. will post 3.02 EPS for the current year.

Kforce Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Friday, March 15th were given a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a yield of 2.25%. This is a positive change from Kforce’s previous quarterly dividend of $0.36. The ex-dividend date was Thursday, March 14th. Kforce’s dividend payout ratio (DPR) is currently 48.56%.

About Kforce

(Free Report)

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.

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Institutional Ownership by Quarter for Kforce (NASDAQ:KFRC)

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