Kforce Inc. (KFRC) Stake Raised by Federated Investors Inc. PA

Federated Investors Inc. PA raised its position in shares of Kforce Inc. (NASDAQ:KFRC) by 0.0% during the fourth quarter, Holdings Channel reports. The firm owned 18,182 shares of the company’s stock after buying an additional 2 shares during the period. Federated Investors Inc. PA’s holdings in Kforce were worth $420,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the stock. Macquarie Group Ltd. raised its stake in Kforce by 40.6% in the second quarter. Macquarie Group Ltd. now owns 1,021,504 shares of the company’s stock worth $17,253,000 after buying an additional 295,173 shares during the period. Algert Global LLC raised its stake in Kforce by 33.9% in the third quarter. Algert Global LLC now owns 14,002 shares of the company’s stock worth $287,000 after buying an additional 3,542 shares during the period. First National Bank of Omaha acquired a new stake in Kforce during the third quarter worth about $808,000. California Public Employees Retirement System raised its stake in Kforce by 2.4% in the third quarter. California Public Employees Retirement System now owns 130,500 shares of the company’s stock worth $2,674,000 after buying an additional 3,000 shares during the period. Finally, Victory Capital Management Inc. acquired a new stake in Kforce during the third quarter worth about $323,000. 82.39% of the stock is currently owned by hedge funds and other institutional investors.

Institutional Ownership by Quarter for Kforce (NASDAQ:KFRC)

Shares of Kforce Inc. (NASDAQ:KFRC) opened at 23.60 on Friday. The firm has a 50 day moving average price of $24.55 and a 200-day moving average price of $21.72. The company has a market cap of $592.12 million, a P/E ratio of 18.88 and a beta of 1.52. Kforce Inc. has a 12 month low of $15.78 and a 12 month high of $26.95.

Kforce (NASDAQ:KFRC) last released its earnings results on Tuesday, February 7th. The company reported $0.36 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.32 by $0.04. The firm had revenue of $326 million for the quarter, compared to analysts’ expectations of $327.25 million. Kforce had a return on equity of 29.93% and a net margin of 2.48%. The business’s quarterly revenue was down .5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.43 EPS. Analysts anticipate that Kforce Inc. will post $1.60 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Friday, March 24th. Shareholders of record on Friday, March 10th were paid a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 2.03%. The ex-dividend date of this dividend was Wednesday, March 8th. Kforce’s payout ratio is 38.40%.

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KFRC has been the topic of a number of research analyst reports. Avondale Partners lowered Kforce from an “outperform” rating to a “market perform” rating and raised their target price for the company from $23.00 to $26.00 in a report on Monday, December 19th. Zacks Investment Research raised Kforce from a “strong sell” rating to a “hold” rating in a report on Wednesday, January 4th. Griffin Securities lowered Kforce from a “buy” rating to a “hold” rating in a report on Wednesday, February 8th. Credit Suisse Group AG lowered Kforce from an “outperform” rating to a “neutral” rating and set a $25.00 target price on the stock. in a report on Friday, February 24th. They noted that the move was a valuation call. Finally, William Blair reaffirmed an “outperform” rating on shares of Kforce in a report on Friday, February 24th. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $24.50.

In other Kforce news, insider Michael R. Blackman sold 16,257 shares of the business’s stock in a transaction that occurred on Monday, February 13th. The stock was sold at an average price of $24.46, for a total value of $397,646.22. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, COO Kye L. Mitchell sold 2,550 shares of the business’s stock in a transaction that occurred on Tuesday, March 14th. The shares were sold at an average price of $23.87, for a total value of $60,868.50. The disclosure for this sale can be found here. Insiders sold a total of 36,307 shares of company stock worth $892,640 in the last 90 days. Company insiders own 12.80% of the company’s stock.

Kforce Company Profile

Kforce Inc is engaged in providing professional and technical specialty staffing services and solutions. The Company operates through three segments, which include Technology (Tech), which provides both temporary staffing and permanent placement services to its clients, focusing primarily on areas of information technology, such as systems/applications, e-commerce, technology infrastructure, network architecture and security; Finance and Accounting (FA), which is engaged in providing both temporary staffing and permanent placement services to its clients in areas, such as general accounting, business analysis and others, and Government Solutions (GS), which is engaged in providing services and solutions to the Federal Government as both a prime contractor and a subcontractor in the fields of information technology, and finance and accounting.

5 Day Chart for NASDAQ:KFRC

Want to see what other hedge funds are holding KFRC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Kforce Inc. (NASDAQ:KFRC).

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