State Street Corp Sells 1,049 Shares of Kforce Inc. (NASDAQ:KFRC)

State Street Corp lowered its position in Kforce Inc. (NASDAQ:KFRC) by 0.2% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 438,137 shares of the business services provider’s stock after selling 1,049 shares during the quarter. State Street Corp’s holdings in Kforce were worth $26,924,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the company. Stifel Financial Corp lifted its position in Kforce by 3.0% in the third quarter. Stifel Financial Corp now owns 73,224 shares of the business services provider’s stock worth $4,500,000 after purchasing an additional 2,159 shares during the period. Hotchkis & Wiley Capital Management LLC raised its stake in shares of Kforce by 28.4% in the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 186,016 shares of the business services provider’s stock valued at $11,431,000 after buying an additional 41,180 shares in the last quarter. Paloma Partners Management Co acquired a new position in shares of Kforce in the 3rd quarter valued at $221,000. Verition Fund Management LLC bought a new position in shares of Kforce during the 3rd quarter worth about $350,000. Finally, BNP Paribas Financial Markets boosted its position in shares of Kforce by 100.7% during the 3rd quarter. BNP Paribas Financial Markets now owns 17,061 shares of the business services provider’s stock valued at $1,048,000 after acquiring an additional 8,561 shares in the last quarter. Institutional investors and hedge funds own 92.77% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have commented on the stock. Truist Financial cut their price target on shares of Kforce from $68.00 to $58.00 and set a “hold” rating for the company in a research note on Tuesday, October 29th. Sidoti upgraded Kforce from a “neutral” rating to a “buy” rating and set a $71.00 target price for the company in a research report on Tuesday, October 15th. Finally, StockNews.com upgraded Kforce from a “hold” rating to a “buy” rating in a research report on Saturday, November 30th.

Kforce Stock Down 0.2 %

Shares of KFRC opened at $56.21 on Monday. The company has a market capitalization of $1.07 billion, a P/E ratio of 19.38 and a beta of 0.88. Kforce Inc. has a one year low of $52.96 and a one year high of $74.79. The business’s 50 day simple moving average is $58.56 and its 200-day simple moving average is $61.35. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.06 and a quick ratio of 2.06.

Kforce (NASDAQ:KFRC) last posted its quarterly earnings data on Monday, October 28th. The business services provider reported $0.75 EPS for the quarter, topping analysts’ consensus estimates of $0.69 by $0.06. Kforce had a return on equity of 33.50% and a net margin of 3.86%. The company had revenue of $353.30 million for the quarter, compared to analyst estimates of $352.19 million. During the same quarter in the previous year, the firm earned $0.90 earnings per share. The business’s revenue was down 5.3% on a year-over-year basis. As a group, sell-side analysts predict that Kforce Inc. will post 2.68 EPS for the current fiscal year.

Kforce Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 20th. Shareholders of record on Friday, December 6th were given a $0.38 dividend. This represents a $1.52 annualized dividend and a yield of 2.70%. The ex-dividend date of this dividend was Friday, December 6th. Kforce’s payout ratio is presently 52.41%.

About Kforce

Kforce Inc provides professional staffing services and solutions in the United States. It operates through two segments, Technology, and Finance and Accounting (FA). The Technology segment provides talent solutions to its clients primarily in the areas of information technology, such as systems/applications architecture and development, data management and analytics, business and artificial intelligence, machine learning, project and program management, and network architecture and security.