GSA Capital Partners LLP Takes Position in Kforce Inc. (NASDAQ:KFRC)

GSA Capital Partners LLP purchased a new stake in shares of Kforce Inc. (NASDAQ:KFRC) during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 7,615 shares of the business services provider’s stock, valued at approximately $468,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Blue Trust Inc. boosted its position in shares of Kforce by 59.9% during the 2nd quarter. Blue Trust Inc. now owns 427 shares of the business services provider’s stock valued at $27,000 after acquiring an additional 160 shares during the last quarter. Kathleen S. Wright Associates Inc. acquired a new position in shares of Kforce during the 3rd quarter valued at about $30,000. nVerses Capital LLC lifted its position in Kforce by 50.0% in the second quarter. nVerses Capital LLC now owns 900 shares of the business services provider’s stock valued at $56,000 after buying an additional 300 shares during the last quarter. Canada Pension Plan Investment Board acquired a new position in Kforce in the second quarter valued at about $68,000. Finally, Benjamin F. Edwards & Company Inc. lifted its position in Kforce by 96.0% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 1,313 shares of the business services provider’s stock valued at $82,000 after buying an additional 643 shares during the last quarter. Institutional investors and hedge funds own 92.77% of the company’s stock.

Kforce Stock Up 0.2 %

Shares of NASDAQ:KFRC opened at $57.98 on Thursday. 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 capitalization of $1.11 billion, a PE ratio of 19.99 and a beta of 0.88. The firm’s 50-day moving average is $58.74 and its two-hundred day moving average is $61.88. Kforce Inc. has a 1 year low of $52.96 and a 1 year high of $74.79.

Kforce (NASDAQ:KFRC) last issued its quarterly earnings results on Monday, October 28th. The business services provider reported $0.75 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.69 by $0.06. The company had revenue of $353.30 million for the quarter, compared to analyst estimates of $352.19 million. Kforce had a net margin of 3.86% and a return on equity of 33.50%. The business’s revenue for the quarter was down 5.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.90 earnings per share. Analysts predict that Kforce Inc. will post 2.68 EPS for the current year.

Kforce Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Shareholders of record on Friday, December 6th will be paid a dividend of $0.38 per share. The ex-dividend date of this dividend is Friday, December 6th. This represents a $1.52 dividend on an annualized basis and a yield of 2.62%. Kforce’s dividend payout ratio (DPR) is presently 52.41%.

Wall Street Analysts Forecast Growth

A number of research firms have commented on KFRC. StockNews.com raised shares of Kforce from a “hold” rating to a “buy” rating in a research report on Thursday, November 14th. Sidoti raised shares of Kforce from a “neutral” rating to a “buy” rating and set a $71.00 target price on the stock in a research report on Tuesday, October 15th. Finally, Truist Financial decreased their target price on shares of Kforce from $68.00 to $58.00 and set a “hold” rating on the stock in a research report on Tuesday, October 29th.

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.