JPMorgan Chase & Co. Increases Stock Holdings in Kforce Inc. (NASDAQ:KFRC)

JPMorgan Chase & Co. raised its position in Kforce Inc. (NASDAQ:KFRC) by 25.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 52,511 shares of the business services provider’s stock after acquiring an additional 10,565 shares during the quarter. JPMorgan Chase & Co. owned approximately 0.28% of Kforce worth $2,977,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Atria Investments Inc boosted its holdings in Kforce by 3.1% in the fourth quarter. Atria Investments Inc now owns 7,058 shares of the business services provider’s stock valued at $400,000 after purchasing an additional 209 shares during the period. Access Investment Management LLC increased its holdings in Kforce by 0.7% during the 4th quarter. Access Investment Management LLC now owns 36,605 shares of the business services provider’s stock worth $2,076,000 after purchasing an additional 265 shares during the period. Blue Trust Inc. raised its position in Kforce by 17.9% in the 4th quarter. Blue Trust Inc. now owns 1,810 shares of the business services provider’s stock valued at $111,000 after purchasing an additional 275 shares in the last quarter. Exchange Traded Concepts LLC boosted its stake in shares of Kforce by 6.0% in the 4th quarter. Exchange Traded Concepts LLC now owns 5,154 shares of the business services provider’s stock valued at $292,000 after buying an additional 293 shares during the period. Finally, Inspire Investing LLC grew its position in shares of Kforce by 5.9% during the fourth quarter. Inspire Investing LLC now owns 7,067 shares of the business services provider’s stock worth $401,000 after buying an additional 394 shares in the last quarter. 92.77% of the stock is currently owned by hedge funds and other institutional investors.

Kforce Stock Performance

NASDAQ:KFRC opened at $44.56 on Wednesday. Kforce Inc. has a 12 month low of $42.11 and a 12 month high of $71.48. 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 $851.66 million, a PE ratio of 16.63 and a beta of 0.76. The business’s fifty day moving average price is $48.20 and its 200 day moving average price is $53.96.

Kforce Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 21st. Stockholders of record on Friday, March 7th were issued a $0.39 dividend. The ex-dividend date of this dividend was Friday, March 7th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 3.50%. This is an increase from Kforce’s previous quarterly dividend of $0.38. Kforce’s dividend payout ratio is presently 58.21%.

Wall Street Analyst Weigh In

Separately, Truist Financial reduced their target price on shares of Kforce from $58.00 to $50.00 and set a “hold” rating on the stock in a report on Tuesday, April 15th.

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.