MQS Management LLC Takes Position in Kforce Inc. (NASDAQ:KFRC)

MQS Management LLC purchased a new position in Kforce Inc. (NASDAQ:KFRC) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 11,305 shares of the business services provider’s stock, valued at approximately $695,000. MQS Management LLC owned approximately 0.06% of Kforce at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the business. Blue Trust Inc. grew its holdings in Kforce by 59.9% in the second quarter. Blue Trust Inc. now owns 427 shares of the business services provider’s stock worth $27,000 after purchasing an additional 160 shares during the period. Kathleen S. Wright Associates Inc. purchased a new stake in shares of Kforce in the 3rd quarter worth approximately $30,000. nVerses Capital LLC increased its position in Kforce by 50.0% during the 2nd quarter. nVerses Capital LLC now owns 900 shares of the business services provider’s stock valued at $56,000 after buying an additional 300 shares in the last quarter. Canada Pension Plan Investment Board bought a new position in Kforce during the 2nd quarter valued at approximately $68,000. Finally, Benjamin F. Edwards & Company Inc. boosted its holdings in Kforce by 96.0% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 1,313 shares of the business services provider’s stock worth $82,000 after acquiring an additional 643 shares in the last quarter. 92.77% of the stock is owned by hedge funds and other institutional investors.

Kforce Stock Down 1.2 %

KFRC opened at $61.19 on Wednesday. The stock has a market capitalization of $1.17 billion, a price-to-earnings ratio of 21.35 and a beta of 0.88. The firm has a 50 day moving average price of $59.26 and a 200-day moving average price of $62.07. Kforce Inc. has a twelve month low of $52.96 and a twelve month high of $74.79. The company has a quick ratio of 2.06, a current ratio of 2.06 and a debt-to-equity ratio of 0.16.

Kforce (NASDAQ:KFRC) last announced its earnings results on Monday, October 28th. The business services provider reported $0.75 earnings per share for the quarter, beating analysts’ consensus estimates of $0.69 by $0.06. The business had revenue of $353.30 million during the quarter, compared to analyst estimates of $352.19 million. Kforce had a net margin of 3.86% and a return on equity of 33.50%. The company’s quarterly revenue was down 5.3% compared to the same quarter last year. During the same period in the previous year, the business earned $0.90 EPS. Equities research analysts forecast that Kforce Inc. will post 2.68 earnings per share for the current year.

Kforce Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Shareholders of record on Friday, December 6th will be given a $0.38 dividend. The ex-dividend date is Friday, December 6th. This represents a $1.52 annualized dividend and a yield of 2.48%. Kforce’s payout ratio is 52.41%.

Analyst Ratings Changes

KFRC has been the subject of several recent analyst reports. Sidoti raised Kforce from a “neutral” rating to a “buy” rating and set a $71.00 price target for the company in a research report on Tuesday, October 15th. Truist Financial cut their target price on Kforce from $68.00 to $58.00 and set a “hold” rating on the stock in a research note on Tuesday, October 29th. Finally, StockNews.com cut Kforce from a “buy” rating to a “hold” rating in a research note on Thursday, October 31st. Two research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $66.67.

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.