Bokf Na Raises Position in Kforce Inc. (NASDAQ:KFRC)

Bokf Na grew its position in Kforce Inc. (NASDAQ:KFRC) by 31.7% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 6,749 shares of the business services provider’s stock after acquiring an additional 1,625 shares during the period. Bokf Na’s holdings in Kforce were worth $419,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Blue Trust Inc. boosted its holdings in Kforce by 59.9% during the second quarter. Blue Trust Inc. now owns 427 shares of the business services provider’s stock worth $27,000 after buying an additional 160 shares in the last quarter. Benjamin F. Edwards & Company Inc. boosted its holdings in Kforce by 487.7% during the first quarter. Benjamin F. Edwards & Company Inc. now owns 670 shares of the business services provider’s stock worth $47,000 after buying an additional 556 shares in the last quarter. nVerses Capital LLC boosted its holdings in Kforce by 50.0% during the second quarter. nVerses Capital LLC now owns 900 shares of the business services provider’s stock worth $56,000 after buying an additional 300 shares in the last quarter. Virtu Financial LLC purchased a new stake in Kforce during the fourth quarter worth about $207,000. Finally, Avantax Advisory Services Inc. purchased a new stake in Kforce during the first quarter worth about $208,000. Hedge funds and other institutional investors own 92.77% of the company’s stock.

Kforce Stock Performance

NASDAQ:KFRC opened at $61.93 on Tuesday. The firm has a 50 day simple moving average of $64.72 and a 200-day simple moving average of $64.90. The company has a debt-to-equity ratio of 0.22, a current ratio of 2.33 and a quick ratio of 2.33. The firm has a market cap of $1.21 billion, a PE ratio of 21.22 and a beta of 0.88. Kforce Inc. has a 1-year low of $55.55 and a 1-year high of $74.79.

Kforce (NASDAQ:KFRC) last posted its quarterly earnings data on Monday, July 29th. The business services provider reported $0.75 earnings per share for the quarter, beating analysts’ consensus estimates of $0.73 by $0.02. Kforce had a net margin of 3.56% and a return on equity of 34.89%. The business had revenue of $356.32 million during the quarter, compared to analyst estimates of $356.20 million. During the same quarter in the previous year, the business posted $0.95 earnings per share. The company’s revenue was down 8.4% on a year-over-year basis. On average, equities analysts expect that Kforce Inc. will post 2.7 EPS for the current year.

Kforce Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, September 27th. Investors of record on Friday, September 13th will be given a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a yield of 2.45%. The ex-dividend date is Friday, September 13th. Kforce’s dividend payout ratio (DPR) is 52.60%.

Analyst Ratings Changes

Separately, StockNews.com upgraded shares of Kforce from a “hold” rating to a “buy” rating in a research report on Thursday, August 1st. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $68.00.

Kforce Company Profile

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.