Kforce Inc. (NASDAQ:KFRC) Shares Sold by Jane Street Group LLC

Jane Street Group LLC reduced its stake in shares of Kforce Inc. (NASDAQ:KFRC) by 60.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 21,236 shares of the business services provider’s stock after selling 32,019 shares during the period. Jane Street Group LLC owned 0.11% of Kforce worth $1,204,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Charles Schwab Investment Management Inc. boosted its position in shares of Kforce by 5.5% during 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 acquiring an additional 39,800 shares during the last quarter. Geode Capital Management LLC lifted its holdings in Kforce by 0.4% in the fourth quarter. Geode Capital Management LLC now owns 482,199 shares of the business services provider’s stock valued at $27,346,000 after acquiring an additional 1,720 shares during the last quarter. Tributary Capital Management LLC lifted its holdings in 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 acquiring an additional 117,231 shares during the last quarter. Wellington Management Group LLP lifted its holdings in Kforce by 36.3% in the fourth quarter. Wellington Management Group LLP now owns 297,111 shares of the business services provider’s stock valued at $16,846,000 after acquiring an additional 79,100 shares during the last quarter. Finally, Northern Trust Corp lifted its holdings in Kforce by 5.6% in the fourth quarter. Northern Trust Corp now owns 258,765 shares of the business services provider’s stock valued at $14,672,000 after acquiring an additional 13,811 shares during the last quarter. 92.77% of the stock is currently owned by institutional investors and hedge funds.

Kforce Stock Performance

Shares of Kforce stock opened at $41.69 on Wednesday. The firm’s fifty day simple moving average is $44.51 and its 200-day simple moving average is $51.81. The stock has a market capitalization of $776.68 million, a price-to-earnings ratio of 15.56 and a beta of 0.74. Kforce Inc. has a 12 month low of $35.50 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.

Kforce (NASDAQ:KFRC) last issued 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 company had revenue of $330.03 million during the quarter, compared to analyst estimates of $334.61 million. Kforce had a net margin of 3.59% and a return on equity of 30.34%. The business’s revenue was down 6.2% on a year-over-year basis. During the same quarter last year, the firm earned $0.58 EPS. As a group, equities analysts forecast that Kforce Inc. will post 2.7 earnings per share for the current year.

Kforce Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, June 27th. Investors of record on Friday, June 13th will be given a $0.39 dividend. The ex-dividend date is Friday, June 13th. This represents a $1.56 annualized dividend and a dividend yield of 3.74%. Kforce’s dividend payout ratio is presently 61.18%.

Insider Buying and Selling

In other Kforce news, Director David L. Dunkel purchased 1,000 shares of Kforce stock in a transaction on Monday, May 5th. The shares were purchased at an average cost of $37.80 per share, with a total value of $37,800.00. Following the completion of the transaction, the director now directly owns 517,329 shares in the company, valued at approximately $19,555,036.20. This represents a 0.19% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 4.40% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have commented on the stock. UBS Group decreased their target price on shares of Kforce from $47.00 to $40.00 and set a “neutral” rating on the stock in a research report on Wednesday, April 30th. Truist Financial decreased their price target on Kforce from $58.00 to $50.00 and set a “hold” rating on the stock in a research note on Tuesday, April 15th. Finally, StockNews.com cut Kforce from a “buy” rating to a “hold” rating in a research note on Friday, May 2nd.

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.