Deprince Race & Zollo Inc. lifted its holdings in Kforce, Inc. (NASDAQ:KFRC) by 4.4% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 747,427 shares of the business services provider’s stock after buying an additional 31,768 shares during the quarter. Deprince Race & Zollo Inc. owned about 2.82% of Kforce worth $15,098,000 at the end of the most recent quarter.
Several other institutional investors have also added to or reduced their stakes in the stock. Vanguard Group Inc. raised its holdings in Kforce by 1.7% during the 2nd quarter. Vanguard Group Inc. now owns 2,067,198 shares of the business services provider’s stock worth $40,517,000 after purchasing an additional 33,998 shares during the last quarter. Dimensional Fund Advisors LP grew its position in shares of Kforce by 4.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,435,611 shares of the business services provider’s stock worth $28,138,000 after buying an additional 60,783 shares during the period. Macquarie Group Ltd. grew its position in shares of Kforce by 16.9% during the 2nd quarter. Macquarie Group Ltd. now owns 1,136,060 shares of the business services provider’s stock worth $22,267,000 after buying an additional 164,268 shares during the period. Investment Counselors of Maryland LLC grew its position in shares of Kforce by 6.5% during the 3rd quarter. Investment Counselors of Maryland LLC now owns 1,070,029 shares of the business services provider’s stock worth $21,615,000 after buying an additional 65,258 shares during the period. Finally, Tributary Capital Management LLC grew its position in shares of Kforce by 25.2% during the 2nd quarter. Tributary Capital Management LLC now owns 777,037 shares of the business services provider’s stock worth $15,230,000 after buying an additional 156,200 shares during the period. 79.23% of the stock is owned by institutional investors and hedge funds.
Several equities analysts have recently issued reports on the company. Northcoast Research upgraded Kforce from a “neutral” rating to a “buy” rating in a research report on Monday, November 6th. Robert W. Baird restated a “buy” rating and set a $25.00 target price on shares of Kforce in a research report on Friday, November 3rd. Zacks Investment Research lowered Kforce from a “hold” rating to a “sell” rating in a research report on Saturday, October 28th. ValuEngine upgraded Kforce from a “hold” rating to a “buy” rating in a research report on Friday, October 27th. Finally, SunTrust Banks, Inc. lowered Kforce from a “buy” rating to a “hold” rating and decreased their target price for the stock from $23.00 to $22.00 in a research report on Wednesday, October 11th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and five have assigned a buy rating to the stock. Kforce has a consensus rating of “Hold” and an average price target of $24.20.
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In other Kforce news, insider Kye L. Mitchell sold 2,550 shares of the business’s stock in a transaction that occurred on Tuesday, November 14th. The stock was sold at an average price of $24.35, for a total value of $62,092.50. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director N John Simmons sold 5,000 shares of the business’s stock in a transaction that occurred on Friday, November 3rd. The shares were sold at an average price of $23.31, for a total value of $116,550.00. The disclosure for this sale can be found here. Insiders sold a total of 46,250 shares of company stock worth $1,070,388 in the last 90 days. Company insiders own 13.30% of the company’s stock.
Shares of Kforce, Inc. (NASDAQ KFRC) traded up $1.05 on Friday, hitting $25.20. The company had a trading volume of 140,400 shares, compared to its average volume of 128,165. The company has a debt-to-equity ratio of 0.91, a current ratio of 2.95 and a quick ratio of 2.95. Kforce, Inc. has a 1-year low of $16.75 and a 1-year high of $26.95. The firm has a market cap of $639.18, a price-to-earnings ratio of 16.32 and a beta of 1.57.
Kforce (NASDAQ:KFRC) last released its earnings results on Tuesday, October 31st. The business services provider reported $0.45 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.45. The firm had revenue of $341.05 million for the quarter, compared to analysts’ expectations of $340.67 million. Kforce had a return on equity of 28.83% and a net margin of 2.71%. The business’s quarterly revenue was up .2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.44 EPS. research analysts anticipate that Kforce, Inc. will post 1.5 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, December 22nd. Shareholders of record on Friday, December 8th will be paid a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 1.90%. The ex-dividend date is Thursday, December 7th. Kforce’s payout ratio is 33.57%.
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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