Sei Investments Co. Acquires 1,759 Shares of Kforce Inc. (NASDAQ:KFRC)

Sei Investments Co. lifted its holdings in shares of Kforce Inc. (NASDAQ:KFRC) by 3.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 53,609 shares of the business services provider’s stock after purchasing an additional 1,759 shares during the quarter. Sei Investments Co. owned 0.28% of Kforce worth $3,039,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in KFRC. Tributary Capital Management LLC grew its position in shares of Kforce by 38.3% in the fourth quarter. Tributary Capital Management LLC now owns 422,930 shares of the business services provider’s stock valued at $23,980,000 after purchasing an additional 117,231 shares during the last quarter. Raymond James Financial Inc. acquired a new position in shares of Kforce in the fourth quarter valued at approximately $5,146,000. Proficio Capital Partners LLC acquired a new position in shares of Kforce in the fourth quarter worth approximately $4,951,000. Teacher Retirement System of Texas boosted its holdings in Kforce by 84.3% in the fourth quarter. Teacher Retirement System of Texas now owns 111,170 shares of the business services provider’s stock worth $6,303,000 after acquiring an additional 50,839 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in Kforce by 5.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 758,963 shares of the business services provider’s stock valued at $43,033,000 after purchasing an additional 39,800 shares during the period. 92.77% of the stock is currently owned by institutional investors and hedge funds.

Kforce Price Performance

Kforce stock opened at $47.10 on Friday. The company has a current ratio of 2.06, a quick ratio of 2.06 and a debt-to-equity ratio of 0.16. The company has a market cap of $900.11 million, a price-to-earnings ratio of 17.57 and a beta of 0.83. Kforce Inc. has a 12 month low of $46.96 and a 12 month high of $71.48. The business’s 50 day simple moving average is $50.83 and its 200 day simple moving average is $55.63.

Kforce Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 21st. Shareholders of record on Friday, March 7th were given a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a yield of 3.31%. This is a positive change from Kforce’s previous quarterly dividend of $0.38. The ex-dividend date was Friday, March 7th. Kforce’s dividend payout ratio is presently 58.21%.

About Kforce

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.