Citadel Advisors LLC cut its holdings in Kforce Inc. (NASDAQ:KFRC) by 5.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 132,920 shares of the business services provider’s stock after selling 7,378 shares during the quarter. Citadel Advisors LLC owned approximately 0.50% of Kforce worth $3,357,000 at the end of the most recent reporting period.
Several other large investors have also made changes to their positions in the company. Vanguard Group Inc. increased its stake in shares of Kforce by 1.7% in the second quarter. Vanguard Group Inc. now owns 2,067,198 shares of the business services provider’s stock valued at $40,517,000 after buying an additional 33,998 shares in the last quarter. Dimensional Fund Advisors LP increased its stake 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 buying an additional 60,783 shares in the last quarter. Macquarie Group Ltd. increased its stake 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 buying an additional 251,643 shares in the last quarter. Investment Counselors of Maryland LLC increased its stake 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 buying an additional 65,258 shares in the last quarter. Finally, Deprince Race & Zollo Inc. increased its stake in shares of Kforce by 4.4% in the third quarter. Deprince Race & Zollo Inc. now owns 747,427 shares of the business services provider’s stock valued at $15,098,000 after buying an additional 31,768 shares in the last quarter. Institutional investors own 76.03% of the company’s stock.
Shares of Kforce Inc. (NASDAQ KFRC) opened at $28.10 on Friday. The company has a quick ratio of 2.95, a current ratio of 2.95 and a debt-to-equity ratio of 0.91. The company has a market capitalization of $747.72, a PE ratio of 18.49 and a beta of 1.72. Kforce Inc. has a 12-month low of $16.75 and a 12-month high of $28.94.
Kforce (NASDAQ:KFRC) last announced its quarterly earnings data on Tuesday, February 6th. The business services provider reported $0.45 EPS for the quarter, topping the Zacks’ consensus estimate of $0.43 by $0.02. The firm had revenue of $342.60 million during the quarter, compared to analyst estimates of $340.02 million. Kforce had a return on equity of 29.84% and a net margin of 2.45%. The company’s revenue was up 5.1% on a year-over-year basis. During the same period last year, the company earned $0.36 earnings per share. analysts anticipate that Kforce Inc. will post 2.13 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 23rd. Investors of record on Friday, March 9th will be given a $0.12 dividend. The ex-dividend date is Thursday, March 8th. This represents a $0.48 dividend on an annualized basis and a yield of 1.71%. Kforce’s payout ratio is 31.58%.
KFRC has been the subject of a number of research reports. Northcoast Research upgraded Kforce from a “neutral” rating to a “buy” rating in a research note on Monday, November 6th. Zacks Investment Research upgraded Kforce from a “hold” rating to a “buy” rating and set a $28.00 target price for the company in a research note on Wednesday, January 3rd. BidaskClub upgraded Kforce from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, January 9th. Finally, Robert W. Baird restated a “buy” rating and issued a $25.00 target price on shares of Kforce in a research note on Friday, November 3rd. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Kforce presently has an average rating of “Buy” and an average price target of $26.80.
In related news, Director Ralph Struzziero sold 1,229 shares of Kforce stock in a transaction dated Monday, January 8th. The stock was sold at an average price of $27.05, for a total value of $33,244.45. Following the completion of the sale, the director now directly owns 46,035 shares in the company, valued at $1,245,246.75. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, President Joseph J. Liberatore sold 20,000 shares of Kforce stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $27.85, for a total value of $557,000.00. The disclosure for this sale can be found here. Over the last quarter, insiders sold 100,794 shares of company stock valued at $2,673,292. Corporate insiders own 13.30% of the company’s stock.
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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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