Engineers Gate Manager LP trimmed its position in Kforce Inc. (NASDAQ:KFRC) by 9.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 30,168 shares of the business services provider’s stock after selling 3,202 shares during the quarter. Engineers Gate Manager LP owned about 0.12% of Kforce worth $1,134,000 as of its most recent SEC filing.
A number of other large investors have also recently bought and sold shares of KFRC. BlackRock Inc. boosted its holdings in Kforce by 29.4% in the 2nd quarter. BlackRock Inc. now owns 2,070,717 shares of the business services provider’s stock valued at $71,027,000 after purchasing an additional 471,012 shares during the last quarter. Fuller & Thaler Asset Management Inc. acquired a new position in Kforce in the 2nd quarter valued at about $6,867,000. Acadian Asset Management LLC boosted its holdings in Kforce by 80.2% in the 2nd quarter. Acadian Asset Management LLC now owns 352,976 shares of the business services provider’s stock valued at $12,106,000 after purchasing an additional 157,123 shares during the last quarter. Royce & Associates LP boosted its holdings in Kforce by 32.4% in the 2nd quarter. Royce & Associates LP now owns 637,636 shares of the business services provider’s stock valued at $21,871,000 after purchasing an additional 156,117 shares during the last quarter. Finally, American Century Companies Inc. acquired a new position in Kforce in the 2nd quarter valued at about $4,098,000. Institutional investors own 79.34% of the company’s stock.
Several equities analysts have weighed in on the stock. Credit Suisse Group assumed coverage on shares of Kforce in a report on Friday, August 10th. They issued a “neutral” rating and a $38.00 target price on the stock. Zacks Investment Research upgraded shares of Kforce from a “hold” rating to a “buy” rating and set a $47.00 target price on the stock in a report on Saturday, August 4th. Robert W. Baird reiterated a “buy” rating and issued a $45.00 target price on shares of Kforce in a report on Thursday, August 2nd. SunTrust Banks upped their price objective on shares of Kforce to $44.00 and gave the stock a “hold” rating in a report on Thursday, August 2nd. Finally, BidaskClub lowered shares of Kforce from a “strong-buy” rating to a “buy” rating in a report on Wednesday, September 12th. Five analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $41.40.
In other news, CEO David L. Dunkel sold 25,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 21st. The shares were sold at an average price of $42.50, for a total value of $1,062,500.00. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Director John Allred sold 1,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 15th. The stock was sold at an average price of $42.95, for a total transaction of $42,950.00. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 91,071 shares of company stock worth $3,727,333. Company insiders own 13.30% of the company’s stock.
Shares of KFRC stock opened at $31.32 on Friday. The company has a current ratio of 2.66, a quick ratio of 2.66 and a debt-to-equity ratio of 0.49. Kforce Inc. has a one year low of $23.80 and a one year high of $43.51. The company has a market capitalization of $851.29 million, a PE ratio of 19.90 and a beta of 1.73.
Kforce (NASDAQ:KFRC) last issued its quarterly earnings data on Wednesday, October 31st. The business services provider reported $0.64 EPS for the quarter, missing the consensus estimate of $0.66 by ($0.02). Kforce had a return on equity of 36.45% and a net margin of 3.40%. The company had revenue of $355.45 million during the quarter, compared to analyst estimates of $356.89 million. During the same quarter in the prior year, the company posted $0.45 earnings per share. The business’s revenue was up 4.2% compared to the same quarter last year. Equities analysts expect that Kforce Inc. will post 2.21 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 21st. Stockholders of record on Friday, December 7th will be issued a $0.18 dividend. The ex-dividend date is Thursday, December 6th. This represents a $0.72 annualized dividend and a dividend yield of 2.30%. Kforce’s dividend payout ratio is currently 45.86%.
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Kforce Company Profile
Kforce Inc provides professional staffing services and solutions in the United States and internationally. It operates through Technology (Tech), Finance and Accounting (FA), and Government Solutions (GS) segments. The Tech segment provides temporary staffing and permanent placement services to its clients primarily in the areas of information technology, such as systems/applications architecture and development, project management, enterprise data management, business intelligence, artificial intelligence, machine learning, network architecture, and security.
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