Copeland Capital Management LLC lowered its stake in shares of Kforce Inc. (NASDAQ:KFRC – Free Report) by 5.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 471,212 shares of the business services provider’s stock after selling 27,631 shares during the quarter. Copeland Capital Management LLC owned 2.53% of Kforce worth $14,127,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also bought and sold shares of KFRC. Geode Capital Management LLC boosted its position in Kforce by 0.6% in the second quarter. Geode Capital Management LLC now owns 511,072 shares of the business services provider’s stock worth $21,021,000 after purchasing an additional 3,173 shares during the last quarter. Deprince Race & Zollo Inc. raised its stake in shares of Kforce by 391.9% during the 3rd quarter. Deprince Race & Zollo Inc. now owns 382,443 shares of the business services provider’s stock worth $11,466,000 after purchasing an additional 304,690 shares during the period. Northern Trust Corp boosted its holdings in shares of Kforce by 3.6% in the 1st quarter. Northern Trust Corp now owns 268,149 shares of the business services provider’s stock worth $13,110,000 after buying an additional 9,384 shares during the last quarter. Goldman Sachs Group Inc. grew its position in Kforce by 64.9% during the first quarter. Goldman Sachs Group Inc. now owns 251,712 shares of the business services provider’s stock valued at $12,306,000 after buying an additional 99,050 shares during the period. Finally, Envestnet Asset Management Inc. increased its holdings in Kforce by 16.3% during the second quarter. Envestnet Asset Management Inc. now owns 203,949 shares of the business services provider’s stock worth $8,388,000 after buying an additional 28,516 shares during the last quarter. 92.77% of the stock is owned by hedge funds and other institutional investors.
Kforce Stock Up 1.3%
KFRC opened at $31.83 on Tuesday. Kforce Inc. has a 12 month low of $24.49 and a 12 month high of $57.60. The company has a market cap of $577.45 million, a PE ratio of 11.88 and a beta of 0.56. The company has a current ratio of 2.06, a quick ratio of 2.06 and a debt-to-equity ratio of 0.16. The company has a 50 day moving average of $29.54 and a 200 day moving average of $33.17.
Kforce Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Friday, December 19th. Shareholders of record on Friday, December 5th were paid a $0.39 dividend. The ex-dividend date was Friday, December 5th. This represents a $1.56 annualized dividend and a yield of 4.9%. Kforce’s dividend payout ratio (DPR) is currently 68.72%.
Analyst Ratings Changes
KFRC has been the topic of a number of research analyst reports. UBS Group dropped their target price on shares of Kforce from $40.00 to $34.50 and set a “neutral” rating on the stock in a research note on Wednesday, November 5th. Truist Financial dropped their price objective on Kforce from $46.00 to $35.00 and set a “hold” rating on the stock in a research note on Monday, October 13th. Finally, Zacks Research raised Kforce from a “strong sell” rating to a “hold” rating in a report on Wednesday, November 26th. Three equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $34.75.
Get Our Latest Report on Kforce
Kforce Company Profile
Kforce Inc is a professional staffing services firm headquartered in Tampa, Florida, trading on NASDAQ under the symbol KFRC. The company specializes in connecting organizations with skilled talent in technology, finance and accounting, and related business functions. Through a nationwide network of offices, Kforce partners with clients across industries to deliver both flexible contract staffing and direct hire placement solutions.
Kforce’s core offerings include temporary staffing, permanent placement, and project-based consulting engagements.
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