Virtus Fund Advisers LLC lessened its holdings in Kforce Inc. (NASDAQ:KFRC) by 3.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,048,545 shares of the business services provider’s stock after selling 40,077 shares during the quarter. Virtus Fund Advisers LLC’s holdings in Kforce were worth $26,476,000 as of its most recent SEC filing.
Other hedge funds have also made changes to their positions in the company. Macquarie Group Ltd. increased its holdings in shares of Kforce by 22.2% in the third quarter. Macquarie Group Ltd. now owns 1,387,703 shares of the business services provider’s stock valued at $28,032,000 after purchasing an additional 251,643 shares during the last quarter. Public Employees Retirement System of Ohio increased its holdings in shares of Kforce by 483.3% in the second quarter. Public Employees Retirement System of Ohio now owns 115,096 shares of the business services provider’s stock valued at $2,256,000 after purchasing an additional 95,364 shares during the last quarter. Investment Counselors of Maryland LLC increased its holdings in shares of Kforce by 6.5% in the third quarter. Investment Counselors of Maryland LLC now owns 1,070,029 shares of the business services provider’s stock valued at $21,615,000 after purchasing an additional 65,258 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Kforce by 4.4% in the second quarter. Dimensional Fund Advisors LP now owns 1,435,611 shares of the business services provider’s stock valued at $28,138,000 after purchasing an additional 60,783 shares during the last quarter. Finally, Acadian Asset Management LLC increased its holdings in shares of Kforce by 12,863.4% in the fourth quarter. Acadian Asset Management LLC now owns 47,446 shares of the business services provider’s stock valued at $1,198,000 after purchasing an additional 47,080 shares during the last quarter. 76.03% of the stock is currently owned by institutional investors and hedge funds.
Shares of Kforce Inc. (NASDAQ KFRC) opened at $27.85 on Tuesday. The stock has a market cap of $737.11, a PE ratio of 17.74 and a beta of 1.73. The company has a debt-to-equity ratio of 0.91, a quick ratio of 2.95 and a current ratio of 2.95. Kforce Inc. has a one year low of $16.75 and a one year high of $28.40.
Kforce (NASDAQ:KFRC) last announced its quarterly earnings data on Tuesday, February 6th. The business services provider reported $0.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.43 by $0.02. The firm had revenue of $342.60 million for the quarter, compared to the consensus estimate of $340.02 million. Kforce had a net margin of 2.45% and a return on equity of 29.84%. The business’s revenue for the quarter was up 5.1% on a year-over-year basis. During the same period in the prior year, the company posted $0.36 earnings per share. equities analysts predict that Kforce Inc. will post 2.13 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 23rd. Shareholders of record on Friday, March 9th will be paid a dividend of $0.12 per share. The ex-dividend date of this dividend is Thursday, March 8th. This represents a $0.48 dividend on an annualized basis and a yield of 1.72%. Kforce’s payout ratio is 36.64%.
In other news, Director Ralph Struzziero sold 1,229 shares of the stock in a transaction dated Monday, January 8th. The shares were sold at an average price of $27.05, for a total value of $33,244.45. Following the completion of the transaction, the director now owns 46,035 shares of the company’s stock, valued at $1,245,246.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Kye L. Mitchell sold 15,907 shares of Kforce stock in a transaction on Monday, February 12th. The stock was sold at an average price of $24.65, for a total value of $392,107.55. The disclosure for this sale can be found here. Insiders have sold 80,794 shares of company stock worth $2,116,292 over the last quarter. Corporate insiders own 13.30% of the company’s stock.
KFRC has been the topic of several research reports. Zacks Investment Research downgraded shares of Kforce from a “buy” rating to a “hold” rating in a report on Tuesday, January 9th. ValuEngine upgraded shares of Kforce from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. BidaskClub downgraded shares of Kforce from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, December 27th. Northcoast Research reiterated a “buy” rating and set a $33.00 price objective on shares of Kforce in a research note on Wednesday, February 7th. Finally, Robert W. Baird reiterated a “buy” rating and set a $25.00 price objective on shares of Kforce in a research note on Friday, November 3rd. Four equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $26.50.
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Kforce Company Profile
Kforce Inc (Kforce) is engaged in providing professional and technical specialty staffing services and solutions. The Company operates through three segments, which include Technology (Tech), Finance and Accounting (FA) and Government Solutions (GS). The Company’s Tech segment includes the operations of its subsidiary Kforce Global Solutions, Inc The FA segment is engaged in providing both temporary staffing and permanent placement services to its clients in areas, such as general accounting, business analysis and others.
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