Deprince Race & Zollo Inc. decreased its holdings in Kforce Inc. (NASDAQ:KFRC – Free Report) by 6.7% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 466,110 shares of the business services provider’s stock after selling 33,623 shares during the period. Deprince Race & Zollo Inc. owned about 2.56% of Kforce worth $13,629,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds also recently bought and sold shares of the stock. EverSource Wealth Advisors LLC boosted its position in Kforce by 44.3% during the 4th quarter. EverSource Wealth Advisors LLC now owns 1,313 shares of the business services provider’s stock valued at $41,000 after acquiring an additional 403 shares in the last quarter. GAMMA Investing LLC raised its position in shares of Kforce by 29.6% in the 4th quarter. GAMMA Investing LLC now owns 1,868 shares of the business services provider’s stock worth $58,000 after acquiring an additional 427 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Kforce by 4.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 10,841 shares of the business services provider’s stock worth $530,000 after acquiring an additional 474 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in shares of Kforce by 2.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 17,381 shares of the business services provider’s stock worth $521,000 after purchasing an additional 475 shares during the last quarter. Finally, Vident Advisory LLC lifted its stake in shares of Kforce by 2.8% during the 4th quarter. Vident Advisory LLC now owns 19,724 shares of the business services provider’s stock worth $610,000 after purchasing an additional 544 shares during the last quarter. Hedge funds and other institutional investors own 92.77% of the company’s stock.
Kforce Stock Performance
Shares of KFRC stock opened at $50.98 on Friday. Kforce Inc. has a 12-month low of $24.49 and a 12-month high of $51.35. The business’s fifty day simple moving average is $44.22 and its 200-day simple moving average is $35.32. 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 market cap of $909.16 million, a PE ratio of 19.02 and a beta of 0.87.
Kforce Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Friday, June 26th. Shareholders of record on Friday, June 12th were issued a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 3.1%. The ex-dividend date of this dividend was Friday, June 12th. Kforce’s dividend payout ratio (DPR) is currently 80.81%.
Analyst Ratings Changes
Several equities analysts have issued reports on the company. William Blair upgraded Kforce from a “market perform” rating to an “outperform” rating in a research note on Tuesday, April 21st. Robert W. Baird raised their price target on shares of Kforce from $40.00 to $42.00 and gave the company an “outperform” rating in a report on Tuesday, April 28th. Finally, Zacks Research downgraded shares of Kforce from a “strong-buy” rating to a “hold” rating in a research report on Monday. Two research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $39.67.
Check Out Our Latest Analysis on KFRC
About Kforce
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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