Gotham Asset Management LLC Purchases New Position in Kforce Inc. (NASDAQ:KFRC)

Gotham Asset Management LLC purchased a new stake in Kforce Inc. (NASDAQ:KFRC) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 4,364 shares of the business services provider’s stock, valued at approximately $247,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Tower Research Capital LLC TRC lifted its position in Kforce by 147.3% in the fourth quarter. Tower Research Capital LLC TRC now owns 1,118 shares of the business services provider’s stock valued at $63,000 after acquiring an additional 666 shares during the last quarter. Blue Trust Inc. raised its holdings in shares of Kforce by 17.9% in the fourth quarter. Blue Trust Inc. now owns 1,810 shares of the business services provider’s stock valued at $111,000 after buying an additional 275 shares during the last quarter. PNC Financial Services Group Inc. raised its holdings in shares of Kforce by 23.5% in the fourth quarter. PNC Financial Services Group Inc. now owns 2,547 shares of the business services provider’s stock valued at $144,000 after buying an additional 485 shares during the last quarter. QRG Capital Management Inc. purchased a new stake in shares of Kforce in the fourth quarter valued at about $206,000. Finally, Callan Family Office LLC purchased a new stake in shares of Kforce in the fourth quarter valued at about $207,000. 92.77% of the stock is owned by hedge funds and other institutional investors.

Kforce Trading Down 0.6%

NASDAQ KFRC opened at $41.69 on Wednesday. The stock has a market capitalization of $776.68 million, a P/E ratio of 15.56 and a beta of 0.74. Kforce Inc. has a 52-week low of $35.50 and a 52-week high of $71.48. The firm has a 50-day moving average price of $44.51 and a 200 day moving average price of $51.81. The company has a quick ratio of 2.06, a current ratio of 2.06 and a debt-to-equity ratio of 0.16.

Kforce (NASDAQ:KFRC) last posted its quarterly 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). The firm had revenue of $330.03 million for the quarter, compared to analysts’ expectations of $334.61 million. Kforce had a return on equity of 30.34% and a net margin of 3.59%. The company’s revenue for the quarter was down 6.2% on a year-over-year basis. During the same period in the prior year, the company earned $0.58 earnings per share. Equities research analysts expect that Kforce Inc. will post 2.7 EPS for the current year.

Kforce Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 27th. Investors of record on Friday, June 13th will be issued a dividend of $0.39 per share. The ex-dividend date of this dividend is Friday, June 13th. This represents a $1.56 annualized dividend and a yield of 3.74%. Kforce’s dividend payout ratio is currently 61.18%.

Insider Buying and Selling

In related news, Director David L. Dunkel bought 1,000 shares of the stock in a transaction on Monday, May 5th. The shares were bought at an average cost of $37.80 per share, for a total transaction of $37,800.00. Following the completion of the transaction, the director now owns 517,329 shares of the company’s stock, valued at $19,555,036.20. This represents a 0.19% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 4.40% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

KFRC has been the subject of a number of research reports. StockNews.com cut shares of Kforce from a “buy” rating to a “hold” rating in a report on Friday, May 2nd. UBS Group reduced their target price on shares of Kforce from $47.00 to $40.00 and set a “neutral” rating for the company in a report on Wednesday, April 30th. Finally, Truist Financial reduced their target price on shares of Kforce from $58.00 to $50.00 and set a “hold” rating for the company in a report on Tuesday, April 15th.

Kforce 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.