Kforce Inc. (NASDAQ:KFRC) Shares Sold by Federated Hermes Inc.

Federated Hermes Inc. reduced its position in shares of Kforce Inc. (NASDAQ:KFRC) by 22.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 27,654 shares of the business services provider’s stock after selling 7,845 shares during the period. Federated Hermes Inc.’s holdings in Kforce were worth $1,868,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. Copeland Capital Management LLC lifted its position in Kforce by 121.6% in the third quarter. Copeland Capital Management LLC now owns 532,947 shares of the business services provider’s stock valued at $31,796,000 after acquiring an additional 292,403 shares during the last quarter. Mariner LLC purchased a new stake in Kforce in the third quarter valued at $7,069,000. Envestnet Asset Management Inc. lifted its position in Kforce by 97.1% in the third quarter. Envestnet Asset Management Inc. now owns 122,694 shares of the business services provider’s stock valued at $7,320,000 after acquiring an additional 60,436 shares during the last quarter. Vaughan Nelson Investment Management L.P. lifted its position in Kforce by 4.9% in the fourth quarter. Vaughan Nelson Investment Management L.P. now owns 639,688 shares of the business services provider’s stock valued at $43,217,000 after acquiring an additional 29,840 shares during the last quarter. Finally, Quadrature Capital Ltd purchased a new stake in Kforce in the third quarter valued at $1,378,000. 92.77% of the stock is owned by hedge funds and other institutional investors.

Kforce Trading Up 0.2 %

NASDAQ KFRC opened at $64.13 on Monday. 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 firm has a market cap of $1.25 billion, a PE ratio of 20.49 and a beta of 0.85. Kforce Inc. has a one year low of $50.89 and a one year high of $74.79. The firm’s fifty day moving average is $68.19 and its two-hundred day moving average is $66.45.

Kforce (NASDAQ:KFRC) last posted its quarterly earnings data on Monday, February 5th. The business services provider reported $0.82 EPS for the quarter, beating analysts’ consensus estimates of $0.79 by $0.03. Kforce had a net margin of 3.99% and a return on equity of 38.24%. The company had revenue of $363.45 million for the quarter, compared to analyst estimates of $363.29 million. During the same period in the previous year, the business posted $0.93 earnings per share. Kforce’s quarterly revenue was down 13.4% on a year-over-year basis. Analysts expect that Kforce Inc. will post 3.02 earnings per share for the current year.

Kforce Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, March 15th were paid a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a dividend yield of 2.37%. This is a positive change from Kforce’s previous quarterly dividend of $0.36. The ex-dividend date of this dividend was Thursday, March 14th. Kforce’s payout ratio is 48.56%.

Analyst Ratings Changes

KFRC has been the subject of a number of research reports. Truist Financial boosted their price target on shares of Kforce from $57.00 to $70.00 and gave the company a “hold” rating in a research report on Thursday, January 25th. StockNews.com cut shares of Kforce from a “buy” rating to a “hold” rating in a research report on Tuesday, February 6th. Finally, Robert W. Baird lifted their price objective 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 given a buy rating to the company. According to data from MarketBeat, Kforce presently has a consensus rating of “Hold” and an average price target of $68.33.

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.