Kforce Inc. (NASDAQ:KFRC) Shares Acquired by BNP Paribas Financial Markets

BNP Paribas Financial Markets grew its position in Kforce Inc. (NASDAQ:KFRC) by 71.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 29,222 shares of the business services provider’s stock after buying an additional 12,161 shares during the quarter. BNP Paribas Financial Markets owned 0.15% of Kforce worth $1,657,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Charles Schwab Investment Management Inc. lifted its holdings in shares of 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 last quarter. Geode Capital Management LLC lifted its holdings in shares of Kforce by 0.4% in the 4th quarter. Geode Capital Management LLC now owns 482,199 shares of the business services provider’s stock valued at $27,346,000 after purchasing an additional 1,720 shares during the last quarter. Tributary Capital Management LLC lifted its holdings in shares of Kforce by 38.3% in the 4th 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. Wellington Management Group LLP lifted its holdings in shares of Kforce by 36.3% in the 4th quarter. Wellington Management Group LLP now owns 297,111 shares of the business services provider’s stock valued at $16,846,000 after purchasing an additional 79,100 shares during the last quarter. Finally, Northern Trust Corp lifted its holdings in shares of Kforce by 5.6% in the 4th quarter. Northern Trust Corp now owns 258,765 shares of the business services provider’s stock valued at $14,672,000 after purchasing an additional 13,811 shares during the last quarter. 92.77% of the stock is owned by institutional investors and hedge funds.

Kforce Stock Up 0.3%

KFRC opened at $42.08 on Monday. The business has a 50 day moving average price of $44.80 and a two-hundred day moving average price of $51.98. The company has a quick ratio of 2.06, a current ratio of 2.06 and a debt-to-equity ratio of 0.16. The company has a market cap of $783.93 million, a PE ratio of 15.70 and a beta of 0.74. Kforce Inc. has a 52 week low of $35.50 and a 52 week high of $71.48.

Kforce (NASDAQ:KFRC) last released its earnings results on Monday, April 28th. The business services provider reported $0.45 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.48 by ($0.03). Kforce had a return on equity of 30.34% and a net margin of 3.59%. The business had revenue of $330.03 million for the quarter, compared to analyst estimates of $334.61 million. During the same quarter in the previous year, the firm posted $0.58 EPS. The business’s revenue for the quarter was down 6.2% on a year-over-year basis. As a group, research analysts anticipate that Kforce Inc. will post 2.7 EPS for the current year.

Kforce Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 27th. Shareholders of record on Friday, June 13th will be given a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a yield of 3.71%. The ex-dividend date of this dividend is Friday, June 13th. Kforce’s payout ratio is 61.18%.

Insiders Place Their Bets

In other Kforce news, Director David L. Dunkel bought 1,000 shares of the company’s stock in a transaction on Monday, May 5th. The shares were bought at an average price of $37.80 per share, for a total transaction of $37,800.00. Following the transaction, the director now owns 517,329 shares of the company’s stock, valued at approximately $19,555,036.20. This trade represents a 0.19% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 4.40% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several analysts have commented on KFRC shares. StockNews.com downgraded Kforce from a “buy” rating to a “hold” rating in a research note on Friday, May 2nd. Truist Financial reduced their price objective on Kforce from $58.00 to $50.00 and set a “hold” rating for the company in a research note on Tuesday, April 15th. Finally, UBS Group reduced their price objective on Kforce from $47.00 to $40.00 and set a “neutral” rating for the company in a research note on Wednesday, April 30th.

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.