New South Capital Management Inc. Sells 24,860 Shares of Kforce Inc. (NASDAQ:KFRC)

New South Capital Management Inc. lowered its stake in shares of Kforce Inc. (NASDAQ:KFRC) by 4.9% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 479,112 shares of the business services provider’s stock after selling 24,860 shares during the quarter. Kforce comprises 1.1% of New South Capital Management Inc.’s portfolio, making the stock its 29th largest holding. New South Capital Management Inc. owned approximately 2.51% of Kforce worth $27,166,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in the stock. TD Private Client Wealth LLC boosted its position in Kforce by 58.0% during the third quarter. TD Private Client Wealth LLC now owns 496 shares of the business services provider’s stock worth $30,000 after purchasing an additional 182 shares during the period. Atria Investments Inc boosted its position in Kforce by 3.1% during the fourth quarter. Atria Investments Inc now owns 7,058 shares of the business services provider’s stock worth $400,000 after purchasing an additional 209 shares during the period. Access Investment Management LLC boosted its position in Kforce by 0.7% during the fourth quarter. Access Investment Management LLC now owns 36,605 shares of the business services provider’s stock worth $2,076,000 after purchasing an additional 265 shares during the period. Blue Trust Inc. boosted its position in Kforce by 17.9% during the fourth quarter. Blue Trust Inc. now owns 1,810 shares of the business services provider’s stock worth $111,000 after purchasing an additional 275 shares during the period. Finally, Exchange Traded Concepts LLC boosted its position in Kforce by 6.0% during the fourth quarter. Exchange Traded Concepts LLC now owns 5,154 shares of the business services provider’s stock worth $292,000 after purchasing an additional 293 shares during the period. Institutional investors own 92.77% of the company’s stock.

Kforce Stock Up 0.8 %

KFRC opened at $49.55 on Thursday. Kforce Inc. has a 1-year low of $48.03 and a 1-year high of $74.34. The company has a current ratio of 2.06, a quick ratio of 2.06 and a debt-to-equity ratio of 0.16. The stock has a market capitalization of $946.95 million, a price-to-earnings ratio of 18.49 and a beta of 0.88. The business has a 50 day moving average of $53.65 and a 200-day moving average of $57.76.

Kforce Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 21st. Stockholders of record on Friday, March 7th will be given a $0.39 dividend. This represents a $1.56 annualized dividend and a dividend yield of 3.15%. This is a boost from Kforce’s previous quarterly dividend of $0.38. The ex-dividend date of this dividend is Friday, March 7th. Kforce’s dividend payout ratio is currently 58.21%.

Analyst Ratings Changes

Separately, StockNews.com raised Kforce from a “hold” rating to a “buy” rating in a research report on Saturday, November 30th.

Kforce 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.