Kforce (NASDAQ:KFRC) Sets New 12-Month Low – Time to Sell?

Shares of Kforce Inc. (NASDAQ:KFRC) reached a new 52-week low on Thursday . The company traded as low as $52.74 and last traded at $52.87, with a volume of 41776 shares. The stock had previously closed at $53.80.

Analyst Ratings Changes

Several brokerages have issued reports on KFRC. StockNews.com upgraded Kforce from a “hold” rating to a “buy” rating in a report on Saturday, November 30th. Truist Financial reduced their price target on shares of Kforce from $68.00 to $58.00 and set a “hold” rating for the company in a research report on Tuesday, October 29th. Finally, Sidoti upgraded shares of Kforce from a “neutral” rating to a “buy” rating and set a $71.00 price objective on the stock in a report on Tuesday, October 15th.

Kforce Trading Down 1.4 %

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 firm has a 50 day moving average price of $57.00 and a 200 day moving average price of $59.85. The stock has a market capitalization of $986.00 million, a PE ratio of 19.28 and a beta of 0.88.

Kforce Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 21st. Stockholders of record on Friday, March 7th will be issued a $0.39 dividend. The ex-dividend date of this dividend is Friday, March 7th. This represents a $1.56 annualized dividend and a dividend yield of 3.02%. This is an increase from Kforce’s previous quarterly dividend of $0.38. Kforce’s dividend payout ratio is currently 56.72%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Kathleen S. Wright Associates Inc. bought a new stake in Kforce during the third quarter worth $30,000. TD Private Client Wealth LLC raised its stake in shares of Kforce by 58.0% during the 3rd 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. Blue Trust Inc. boosted its holdings in shares of Kforce by 259.5% in the 3rd quarter. Blue Trust Inc. now owns 1,535 shares of the business services provider’s stock worth $95,000 after buying an additional 1,108 shares during the last quarter. PNC Financial Services Group Inc. grew its position in Kforce by 23.5% during the fourth quarter. PNC Financial Services Group Inc. now owns 2,547 shares of the business services provider’s stock valued at $144,000 after buying an additional 485 shares during the period. Finally, Advisors Asset Management Inc. increased its holdings in Kforce by 197.3% during the third quarter. Advisors Asset Management Inc. now owns 2,396 shares of the business services provider’s stock worth $147,000 after buying an additional 1,590 shares during the last quarter. 92.77% of the stock is currently owned by hedge funds and other institutional investors.

About Kforce

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.