Russell Investments Group Ltd. Lowers Position in Kforce Inc. (NASDAQ:KFRC)

Russell Investments Group Ltd. cut its stake in shares of Kforce Inc. (NASDAQ:KFRC – Get Rating) by 24.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 20,118 shares of the business services provider’s stock after selling 6,613 shares during the period. Russell Investments Group Ltd. owned about 0.10% of Kforce worth $1,108,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. SummerHaven Investment Management LLC lifted its stake in Kforce by 1.5% during the 4th quarter. SummerHaven Investment Management LLC now owns 12,464 shares of the business services provider’s stock valued at $683,000 after acquiring an additional 188 shares in the last quarter. Natixis Advisors L.P. lifted its stake in Kforce by 100.9% during the 4th quarter. Natixis Advisors L.P. now owns 69,309 shares of the business services provider’s stock valued at $3,800,000 after acquiring an additional 34,807 shares in the last quarter. Great West Life Assurance Co. Can raised its stake in shares of Kforce by 193.2% during the 3rd quarter. Great West Life Assurance Co. Can now owns 2,926 shares of the business services provider’s stock worth $171,000 after purchasing an additional 1,928 shares during the period. Annex Advisory Services LLC raised its stake in shares of Kforce by 54.8% during the 4th quarter. Annex Advisory Services LLC now owns 8,203 shares of the business services provider’s stock worth $450,000 after purchasing an additional 2,905 shares during the period. Finally, Victory Capital Management Inc. raised its stake in shares of Kforce by 318.3% during the 3rd quarter. Victory Capital Management Inc. now owns 65,102 shares of the business services provider’s stock worth $3,818,000 after purchasing an additional 49,539 shares during the period. 88.09% of the stock is currently owned by institutional investors.

Kforce Stock Performance

NASDAQ:KFRC opened at $57.87 on Friday. The business has a 50 day moving average price of $60.57 and a 200-day moving average price of $58.61. Kforce Inc. has a fifty-two week low of $49.35 and a fifty-two week high of $69.29. The company has a debt-to-equity ratio of 0.12, a quick ratio of 2.19 and a current ratio of 2.19. The firm has a market cap of $1.18 billion, a PE ratio of 16.26 and a beta of 0.91.

Kforce (NASDAQ:KFRC – Get Rating) last released its quarterly earnings results on Monday, May 8th. The business services provider reported $0.82 earnings per share for the quarter, missing the consensus estimate of $0.84 by ($0.02). Kforce had a net margin of 4.26% and a return on equity of 42.70%. The company had revenue of $406.00 million during the quarter, compared to the consensus estimate of $411.56 million. During the same quarter last year, the firm earned $0.93 EPS. The business’s revenue was down 2.6% on a year-over-year basis. Equities research analysts predict that Kforce Inc. will post 3.57 earnings per share for the current year.

Kforce Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 30th. Investors of record on Friday, June 16th will be paid a $0.36 dividend. The ex-dividend date is Thursday, June 15th. This represents a $1.44 annualized dividend and a dividend yield of 2.49%. Kforce’s payout ratio is 40.45%.

Wall Street Analyst Weigh In

A number of research firms have recently commented on KFRC. StockNews.com cut Kforce from a “buy” rating to a “hold” rating in a research note on Thursday, May 11th. Robert W. Baird lowered their price objective on Kforce from $70.00 to $65.00 in a research note on Tuesday, May 9th.

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.