GSA Capital Partners LLP Cuts Stock Holdings in Kforce Inc. (NASDAQ:KFRC)

GSA Capital Partners LLP decreased its position in shares of Kforce Inc. (NASDAQ:KFRC) by 24.4% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 11,519 shares of the business services provider’s stock after selling 3,718 shares during the quarter. GSA Capital Partners LLP owned 0.06% of Kforce worth $563,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in KFRC. Signaturefd LLC lifted its position in Kforce by 1,069.1% during the first quarter. Signaturefd LLC now owns 795 shares of the business services provider’s stock valued at $39,000 after purchasing an additional 727 shares during the period. Point72 Asia Singapore Pte. Ltd. bought a new position in Kforce during the fourth quarter valued at approximately $42,000. Meeder Asset Management Inc. lifted its position in Kforce by 336.1% during the first quarter. Meeder Asset Management Inc. now owns 955 shares of the business services provider’s stock valued at $47,000 after purchasing an additional 736 shares during the period. Tower Research Capital LLC TRC lifted its position in Kforce by 147.3% during 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 purchasing an additional 666 shares during the period. Finally, Point72 Asset Management L.P. bought a new position in Kforce during the fourth quarter valued at approximately $145,000. Hedge funds and other institutional investors own 92.77% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently weighed in on KFRC. Truist Financial lowered their price objective on shares of Kforce from $50.00 to $46.00 and set a “hold” rating on the stock in a research report on Tuesday, July 29th. Wall Street Zen downgraded shares of Kforce from a “buy” rating to a “hold” rating in a research report on Friday, May 2nd. Finally, UBS Group lowered their price objective on shares of Kforce from $45.00 to $40.00 and set a “neutral” rating on the stock in a research report on Wednesday, July 30th.

Kforce Stock Down 1.9%

KFRC opened at $34.20 on Monday. The company has a current ratio of 2.06, a quick ratio of 2.06 and a debt-to-equity ratio of 0.16. Kforce Inc. has a 1-year low of $33.28 and a 1-year high of $67.33. The company has a market capitalization of $637.09 million, a PE ratio of 12.76 and a beta of 0.75. The firm’s 50 day simple moving average is $41.62 and its two-hundred day simple moving average is $45.53.

Kforce (NASDAQ:KFRC) last released its quarterly earnings results on Monday, July 28th. The business services provider reported $0.59 earnings per share for the quarter, missing the consensus estimate of $0.60 by ($0.01). Kforce had a return on equity of 30.34% and a net margin of 3.59%. The business had revenue of $334.32 million during the quarter, compared to the consensus estimate of $333.78 million. During the same quarter in the previous year, the business posted $0.75 earnings per share. The firm’s revenue was down 6.2% on a year-over-year basis. As a group, equities analysts forecast that Kforce Inc. will post 2.7 EPS for the current year.

Kforce Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 26th. Stockholders of record on Friday, September 12th will be given a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a dividend yield of 4.6%. The ex-dividend date is Friday, September 12th. Kforce’s dividend payout ratio (DPR) is presently 65.27%.

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.