Kforce Inc. (NASDAQ:KFRC) Position Raised by Tower Research Capital LLC TRC

Tower Research Capital LLC TRC increased its position in shares of Kforce Inc. (NASDAQ:KFRCGet Rating) by 196.2% during the 3rd quarter, Holdings Channel.com reports. The firm owned 6,662 shares of the business services provider’s stock after buying an additional 4,413 shares during the quarter. Tower Research Capital LLC TRC’s holdings in Kforce were worth $390,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. UBS Group AG raised its holdings in Kforce by 82.5% during the third quarter. UBS Group AG now owns 2,624 shares of the business services provider’s stock worth $154,000 after purchasing an additional 1,186 shares in the last quarter. Allianz Asset Management GmbH grew its position in Kforce by 122.4% in the third quarter. Allianz Asset Management GmbH now owns 252,270 shares of the business services provider’s stock worth $14,795,000 after buying an additional 138,854 shares during the last quarter. IFP Advisors Inc grew its position in Kforce by 30.5% in the third quarter. IFP Advisors Inc now owns 1,418 shares of the business services provider’s stock worth $82,000 after buying an additional 331 shares during the last quarter. Quantbot Technologies LP grew its position in Kforce by 62.6% in the third quarter. Quantbot Technologies LP now owns 1,789 shares of the business services provider’s stock worth $104,000 after buying an additional 689 shares during the last quarter. Finally, Vaughan Nelson Investment Management L.P. acquired a new position in Kforce in the third quarter worth approximately $26,674,000. Institutional investors own 88.09% of the company’s stock.

Kforce Stock Performance

NASDAQ KFRC opened at $61.87 on Monday. Kforce Inc. has a twelve month low of $49.35 and a twelve month high of $78.15. The stock has a market cap of $1.28 billion, a price-to-earnings ratio of 16.86 and a beta of 0.92. The firm’s 50 day moving average price is $56.98 and its two-hundred day moving average price is $57.76.

Kforce (NASDAQ:KFRCGet Rating) last posted its quarterly earnings data on Monday, February 6th. The business services provider reported $0.93 earnings per share for the quarter, topping the consensus estimate of $0.92 by $0.01. Kforce had a net margin of 4.41% and a return on equity of 42.27%. The firm had revenue of $419.66 million for the quarter, compared to analysts’ expectations of $418.51 million. During the same period in the previous year, the company posted $0.98 EPS. The company’s quarterly revenue was up 2.3% compared to the same quarter last year. On average, research analysts forecast that Kforce Inc. will post 3.56 EPS for the current fiscal year.

Kforce Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 24th. Shareholders of record on Friday, March 10th will be given a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a yield of 2.33%. This is a boost from Kforce’s previous quarterly dividend of $0.30. The ex-dividend date is Thursday, March 9th. Kforce’s payout ratio is presently 32.70%.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on KFRC. William Blair lowered shares of Kforce from an “outperform” rating to a “market perform” rating in a research report on Friday, November 25th. StockNews.com upgraded shares of Kforce from a “hold” rating to a “buy” rating in a research report on Wednesday, February 15th.

Kforce Company Profile

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Kforce, Inc engages in the provision of professional and technical staffing services and solutions. It operates through the Technology and Finance and Accounting (FA) segments. The Technology segment offers services on areas of information technology such as systems and applications architecture and development, data management, business and artificial intelligence, machine learning, and network architecture and security.

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Institutional Ownership by Quarter for Kforce (NASDAQ:KFRC)

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