Phocas Financial Corp. decreased its holdings in shares of Kforce Inc. (NASDAQ:KFRC – Free Report) by 0.7% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 136,718 shares of the business services provider’s stock after selling 983 shares during the period. Kforce accounts for about 1.2% of Phocas Financial Corp.’s holdings, making the stock its 17th largest holding. Phocas Financial Corp. owned about 0.67% of Kforce worth $8,567,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Copeland Capital Management LLC raised its position in shares of Kforce by 34.7% in the 1st quarter. Copeland Capital Management LLC now owns 668 shares of the business services provider’s stock worth $42,000 after acquiring an additional 172 shares in the last quarter. Bank of Montreal Can raised its position in shares of Kforce by 0.7% in the 1st quarter. Bank of Montreal Can now owns 25,409 shares of the business services provider’s stock worth $1,917,000 after acquiring an additional 184 shares in the last quarter. Price T Rowe Associates Inc. MD grew its stake in shares of Kforce by 1.3% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 15,376 shares of the business services provider’s stock worth $973,000 after buying an additional 202 shares during the last quarter. Resurgent Financial Advisors LLC grew its stake in shares of Kforce by 6.1% in the 4th quarter. Resurgent Financial Advisors LLC now owns 4,144 shares of the business services provider’s stock worth $227,000 after buying an additional 240 shares during the last quarter. Finally, Barclays PLC grew its stake in shares of Kforce by 2.1% in the 4th quarter. Barclays PLC now owns 13,357 shares of the business services provider’s stock worth $731,000 after buying an additional 275 shares during the last quarter. Institutional investors own 92.85% of the company’s stock.
Wall Street Analysts Forecast Growth
Several analysts recently weighed in on KFRC shares. StockNews.com started coverage on Kforce in a research note on Thursday, August 17th. They issued a “hold” rating on the stock. Robert W. Baird cut their price target on Kforce from $65.00 to $62.00 in a research note on Tuesday, August 1st. Finally, UBS Group started coverage on Kforce in a research note on Wednesday, May 31st. They issued a “neutral” rating and a $62.00 price target on the stock.
Insider Transactions at Kforce
In other news, Director Elaine Rosen sold 2,250 shares of the firm’s stock in a transaction on Thursday, September 14th. The stock was sold at an average price of $57.53, for a total value of $129,442.50. Following the transaction, the director now directly owns 13,836 shares in the company, valued at approximately $795,985.08. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 5.50% of the company’s stock.
Kforce Stock Down 0.2 %
KFRC traded down $0.10 during trading on Tuesday, hitting $57.86. 44,095 shares of the company’s stock traded hands, compared to its average volume of 154,426. The company’s 50 day simple moving average is $61.15 and its two-hundred day simple moving average is $60.89. The company has a current ratio of 2.49, a quick ratio of 2.49 and a debt-to-equity ratio of 0.13. Kforce Inc. has a 12-month low of $49.35 and a 12-month high of $66.74. The stock has a market capitalization of $1.16 billion, a price-to-earnings ratio of 18.06 and a beta of 0.88.
Kforce (NASDAQ:KFRC – Get Free Report) last issued its earnings results on Monday, July 31st. The business services provider reported $0.95 EPS for the quarter, missing the consensus estimate of $0.98 by ($0.03). Kforce had a net margin of 3.88% and a return on equity of 39.62%. The business had revenue of $389.10 million for the quarter, compared to analysts’ expectations of $395.87 million. During the same quarter in the prior year, the business posted $1.30 earnings per share. The business’s revenue for the quarter was down 10.9% on a year-over-year basis. Analysts predict that Kforce Inc. will post 3.28 earnings per share for the current fiscal year.
Kforce Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, September 15th will be paid a $0.36 dividend. The ex-dividend date of this dividend is Thursday, September 14th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 2.49%. Kforce’s dividend payout ratio (DPR) is currently 44.86%.
Kforce Company Profile
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.
- Five stocks we like better than Kforce
- How to Use High Beta Stocks to Maximize Your Investing Profits
- Hold-It-Forever AutoZone Pulls into Buy Zone
- Technology Stocks Explained: Here’s What to Know About Tech
- Virtual Riches: 3 Stocks Leading the VR Revolution
- How is Compound Interest Calculated?
- 5 eCommerce Companies that need to be on Your Watch List
Receive News & Ratings for Kforce Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kforce and related companies with MarketBeat.com's FREE daily email newsletter.