US Bancorp DE trimmed its holdings in shares of Kforce Inc. (NASDAQ:KFRC – Get Rating) by 10.4% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 6,329 shares of the business services provider’s stock after selling 735 shares during the period. US Bancorp DE’s holdings in Kforce were worth $372,000 as of its most recent SEC filing.
Several other large investors have also recently bought and sold shares of KFRC. First Personal Financial Services acquired a new position in Kforce in the 3rd quarter worth about $32,000. First Horizon Advisors Inc. acquired a new position in Kforce in the 2nd quarter worth about $45,000. Quantbot Technologies LP increased its position in Kforce by 83.3% in the 2nd quarter. Quantbot Technologies LP now owns 1,100 shares of the business services provider’s stock worth $67,000 after purchasing an additional 500 shares during the last quarter. EMC Capital Management increased its position in Kforce by 50.9% in the 2nd quarter. EMC Capital Management now owns 1,676 shares of the business services provider’s stock worth $103,000 after purchasing an additional 565 shares during the last quarter. Finally, Gladius Capital Management LP increased its position in Kforce by 26.1% in the 2nd quarter. Gladius Capital Management LP now owns 1,989 shares of the business services provider’s stock worth $123,000 after purchasing an additional 412 shares during the last quarter. 88.09% of the stock is owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
A number of research analysts have recently commented on KFRC shares. StockNews.com lowered Kforce from a “strong-buy” rating to a “buy” rating in a report on Friday, October 28th. William Blair lowered Kforce from an “outperform” rating to a “market perform” rating in a report on Friday, November 25th.
Kforce Stock Performance
Kforce (NASDAQ:KFRC – Get Rating) last announced its earnings results on Monday, October 31st. The business services provider reported $1.09 earnings per share for the quarter, beating the consensus estimate of $1.07 by $0.02. Kforce had a return on equity of 44.12% and a net margin of 5.23%. The firm had revenue of $437.62 million during the quarter, compared to the consensus estimate of $432.42 million. During the same quarter in the prior year, the company earned $0.96 EPS. The firm’s revenue for the quarter was up 8.7% compared to the same quarter last year. As a group, equities research analysts forecast that Kforce Inc. will post 4.24 earnings per share for the current year.
Kforce Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Friday, December 23rd. Investors of record on Friday, December 9th were paid a dividend of $0.30 per share. The ex-dividend date of this dividend was Thursday, December 8th. This represents a $1.20 annualized dividend and a yield of 2.13%. Kforce’s payout ratio is 27.91%.
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.
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