Hsbc Holdings PLC raised its position in Kforce Inc. (NASDAQ:KFRC) by 156.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 116,107 shares of the business services provider’s stock after purchasing an additional 70,843 shares during the quarter. Hsbc Holdings PLC owned about 0.45% of Kforce worth $3,590,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors have also recently made changes to their positions in the company. Virginia Retirement Systems ET AL acquired a new stake in shares of Kforce in the third quarter valued at approximately $910,000. Tributary Capital Management LLC increased its stake in shares of Kforce by 17.8% in the fourth quarter. Tributary Capital Management LLC now owns 466,889 shares of the business services provider’s stock valued at $14,436,000 after purchasing an additional 70,603 shares during the period. Prudential Financial Inc. increased its stake in shares of Kforce by 6.7% in the third quarter. Prudential Financial Inc. now owns 281,759 shares of the business services provider’s stock valued at $10,594,000 after purchasing an additional 17,659 shares during the period. BBT Capital Management LLC acquired a new stake in shares of Kforce in the third quarter valued at approximately $1,111,000. Finally, Bessemer Group Inc. increased its stake in shares of Kforce by 28.7% in the third quarter. Bessemer Group Inc. now owns 28,573 shares of the business services provider’s stock valued at $1,075,000 after purchasing an additional 6,373 shares during the period. Institutional investors own 81.94% of the company’s stock.
In related news, insider Michael R. Blackman sold 9,335 shares of the firm’s stock in a transaction that occurred on Wednesday, January 2nd. The shares were sold at an average price of $29.90, for a total transaction of $279,116.50. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director N John Simmons sold 2,500 shares of the firm’s stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of $35.97, for a total transaction of $89,925.00. The disclosure for this sale can be found here. Insiders have sold 140,264 shares of company stock worth $4,650,151 in the last quarter. Company insiders own 12.50% of the company’s stock.
NASDAQ KFRC opened at $35.62 on Friday. Kforce Inc. has a 12 month low of $25.60 and a 12 month high of $43.51. The company has a current ratio of 2.75, a quick ratio of 2.75 and a debt-to-equity ratio of 0.43. The company has a market cap of $924.84 million, a P/E ratio of 15.49 and a beta of 1.34.
Kforce (NASDAQ:KFRC) last posted its quarterly earnings data on Wednesday, February 6th. The business services provider reported $0.65 EPS for the quarter, beating the Zacks’ consensus estimate of $0.57 by $0.08. Kforce had a net margin of 4.09% and a return on equity of 37.58%. The business had revenue of $358.00 million for the quarter, compared to analyst estimates of $352.21 million. During the same quarter last year, the business earned $0.45 earnings per share. The business’s revenue for the quarter was up 4.5% on a year-over-year basis. Sell-side analysts predict that Kforce Inc. will post 2.52 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 22nd. Investors of record on Friday, March 8th will be paid a dividend of $0.18 per share. The ex-dividend date is Thursday, March 7th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 2.02%. Kforce’s dividend payout ratio is presently 31.30%.
Several brokerages have commented on KFRC. ValuEngine upgraded shares of Kforce from a “hold” rating to a “buy” rating in a research note on Thursday, February 7th. BidaskClub upgraded shares of Kforce from a “sell” rating to a “hold” rating in a research note on Saturday, December 15th. Finally, Zacks Investment Research lowered shares of Kforce from a “buy” rating to a “hold” rating in a research note on Wednesday, March 6th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the company’s stock. Kforce presently has a consensus rating of “Hold” and a consensus price target of $40.20.
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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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