Thrivent Financial For Lutherans lessened its position in Kforce (NASDAQ:KFRC) by 6.4% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 209,421 shares of the business services provider’s stock after selling 14,373 shares during the period. Thrivent Financial For Lutherans owned approximately 0.79% of Kforce worth $5,288,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently bought and sold shares of KFRC. Ramsey Quantitative Systems bought a new stake in shares of Kforce in the 4th quarter worth $111,000. Teacher Retirement System of Texas acquired a new stake in shares of Kforce during the fourth quarter worth $209,000. Campbell & CO Investment Adviser LLC acquired a new stake in shares of Kforce during the third quarter worth $213,000. Aperio Group LLC acquired a new stake in shares of Kforce during the third quarter worth $216,000. Finally, FDx Advisors Inc. acquired a new stake in shares of Kforce during the fourth quarter worth $218,000. 79.72% of the stock is currently owned by institutional investors.
Shares of KFRC stock traded down $0.50 on Friday, reaching $27.25. 121,432 shares of the company’s stock traded hands, compared to its average volume of 156,436. Kforce has a 12-month low of $16.75 and a 12-month high of $29.35. The company has a current ratio of 2.93, a quick ratio of 2.93 and a debt-to-equity ratio of 0.89. The company has a market capitalization of $728.73, a price-to-earnings ratio of 17.36 and a beta of 1.53.
Kforce (NASDAQ:KFRC) last issued its quarterly earnings results on Tuesday, February 6th. The business services provider reported $0.45 earnings per share for the quarter, beating analysts’ consensus estimates of $0.43 by $0.02. Kforce had a return on equity of 29.84% and a net margin of 2.45%. The business had revenue of $342.60 million for the quarter, compared to the consensus estimate of $340.02 million. During the same quarter in the previous year, the company posted $0.36 earnings per share. Kforce’s revenue for the quarter was up 5.1% compared to the same quarter last year. sell-side analysts predict that Kforce will post 2.13 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Friday, March 23rd. Stockholders of record on Friday, March 9th were issued a dividend of $0.12 per share. The ex-dividend date of this dividend was Thursday, March 8th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.76%. Kforce’s dividend payout ratio is 30.57%.
In other news, President Joseph J. Liberatore sold 21,380 shares of Kforce stock in a transaction on Tuesday, January 9th. The stock was sold at an average price of $27.15, for a total transaction of $580,467.00. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Ralph Struzziero sold 1,229 shares of Kforce stock in a transaction on Monday, January 8th. The shares were sold at an average price of $27.05, for a total value of $33,244.45. Following the transaction, the director now owns 46,035 shares in the company, valued at approximately $1,245,246.75. The disclosure for this sale can be found here. Insiders have sold 68,516 shares of company stock worth $1,852,919 in the last quarter. 13.30% of the stock is currently owned by corporate insiders.
A number of equities research analysts have recently issued reports on the company. ValuEngine lowered Kforce from a “buy” rating to a “hold” rating in a research report on Monday, April 2nd. Robert W. Baird boosted their target price on Kforce from $25.00 to $28.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 7th. Zacks Investment Research lowered Kforce from a “buy” rating to a “hold” rating in a research report on Tuesday, February 6th. Northcoast Research reaffirmed a “buy” rating and set a $33.00 target price on shares of Kforce in a research report on Wednesday, February 7th. Finally, BidaskClub raised Kforce from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, January 9th. Four research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $26.80.
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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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