Kforce (NASDAQ:KFRC) Hits New 1-Year Low – What’s Next?

Kforce Inc. (NASDAQ:KFRC)’s share price reached a new 52-week low during mid-day trading on Monday . The company traded as low as $48.09 and last traded at $48.21, with a volume of 1402 shares traded. The stock had previously closed at $48.52.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the stock. StockNews.com upgraded shares of Kforce from a “hold” rating to a “buy” rating in a research note on Saturday, November 30th. Truist Financial dropped their price objective on shares of Kforce from $68.00 to $58.00 and set a “hold” rating on the stock in a report on Tuesday, October 29th.

Kforce Price Performance

The business has a 50-day moving average price of $54.33 and a two-hundred day moving average price of $58.26. The company has a quick ratio of 2.06, a current ratio of 2.06 and a debt-to-equity ratio of 0.16. The company has a market capitalization of $954.80 million, a price-to-earnings ratio of 18.67 and a beta of 0.88.

Kforce Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 21st. Shareholders of record on Friday, March 7th will be paid a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a dividend yield of 3.12%. This is a positive change from Kforce’s previous quarterly dividend of $0.38. The ex-dividend date is Friday, March 7th. Kforce’s dividend payout ratio (DPR) is 58.21%.

Institutional Investors Weigh In On Kforce

Hedge funds and other institutional investors have recently made changes to their positions in the business. Blue Trust Inc. boosted its stake in Kforce by 259.5% during the 3rd quarter. Blue Trust Inc. now owns 1,535 shares of the business services provider’s stock valued at $95,000 after purchasing an additional 1,108 shares during the last quarter. Raymond James & Associates lifted its holdings in shares of Kforce by 3.8% in the third quarter. Raymond James & Associates now owns 98,253 shares of the business services provider’s stock valued at $6,038,000 after purchasing an additional 3,560 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its position in shares of Kforce by 10.8% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 10,722 shares of the business services provider’s stock valued at $660,000 after buying an additional 1,043 shares during the last quarter. Janney Montgomery Scott LLC grew its holdings in Kforce by 2.5% during the third quarter. Janney Montgomery Scott LLC now owns 33,815 shares of the business services provider’s stock worth $2,078,000 after buying an additional 821 shares in the last quarter. Finally, Atria Investments Inc raised its position in Kforce by 6.4% in the 3rd quarter. Atria Investments Inc now owns 6,849 shares of the business services provider’s stock valued at $421,000 after buying an additional 410 shares during the last quarter. 92.77% of the stock is owned by institutional investors.

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.