LSV Asset Management raised its holdings in Kforce, Inc. (NASDAQ:KFRC) by 73.7% during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 344,933 shares of the business services provider’s stock after purchasing an additional 146,400 shares during the quarter. LSV Asset Management owned 1.35% of Kforce worth $6,760,000 as of its most recent SEC filing.
Other hedge funds have also modified their holdings of the company. Tributary Capital Management LLC boosted its holdings in shares of Kforce by 24.2% in the 1st quarter. Tributary Capital Management LLC now owns 620,837 shares of the business services provider’s stock valued at $14,745,000 after purchasing an additional 120,989 shares in the last quarter. Schwab Charles Investment Management Inc. boosted its holdings in shares of Kforce by 10.1% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 220,836 shares of the business services provider’s stock valued at $5,245,000 after purchasing an additional 20,177 shares in the last quarter. KCG Holdings Inc. acquired a new stake in shares of Kforce in the 1st quarter valued at $482,000. Dupont Capital Management Corp boosted its holdings in shares of Kforce by 102.1% in the 2nd quarter. Dupont Capital Management Corp now owns 91,921 shares of the business services provider’s stock valued at $1,802,000 after purchasing an additional 46,446 shares in the last quarter. Finally, Bogle Investment Management L P DE acquired a new stake in shares of Kforce in the 1st quarter valued at $414,000. 78.46% of the stock is currently owned by hedge funds and other institutional investors.
A number of equities research analysts have weighed in on KFRC shares. ValuEngine downgraded Kforce from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. BidaskClub downgraded Kforce from a “buy” rating to a “hold” rating in a report on Saturday, July 8th. Robert W. Baird reaffirmed a “buy” rating and issued a $20.00 target price on shares of Kforce in a report on Tuesday, September 12th. Zacks Investment Research downgraded Kforce from a “hold” rating to a “sell” rating in a report on Thursday, August 3rd. Finally, TheStreet downgraded Kforce from a “b-” rating to a “c+” rating in a report on Wednesday, May 31st. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the company’s stock. Kforce currently has an average rating of “Hold” and a consensus target price of $24.20.
Kforce, Inc. (NASDAQ KFRC) opened at 18.15 on Friday. The stock has a 50 day moving average price of $18.04 and a 200-day moving average price of $20.21. Kforce, Inc. has a 52 week low of $15.95 and a 52 week high of $26.95. The company has a market capitalization of $459.01 million, a PE ratio of 13.23 and a beta of 1.56.
Kforce (NASDAQ:KFRC) last announced its earnings results on Tuesday, August 1st. The business services provider reported $0.44 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.46 by ($0.02). Kforce had a return on equity of 29.67% and a net margin of 2.64%. The company had revenue of $340.31 million during the quarter, compared to analysts’ expectations of $345.24 million. During the same quarter last year, the firm posted $0.41 earnings per share. The firm’s revenue was up 1.6% on a year-over-year basis. On average, equities analysts predict that Kforce, Inc. will post $1.51 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, September 22nd. Investors of record on Friday, September 8th will be given a $0.12 dividend. The ex-dividend date is Thursday, September 7th. This represents a $0.48 annualized dividend and a yield of 2.64%. Kforce’s dividend payout ratio (DPR) is presently 35.04%.
In related news, COO Kye L. Mitchell sold 5,000 shares of the company’s stock in a transaction on Thursday, September 7th. The shares were sold at an average price of $17.99, for a total value of $89,950.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 13.30% of the stock is currently owned by insiders.
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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