Schwab Charles Investment Management Inc. increased its holdings in shares of Kforce Inc. (NASDAQ:KFRC) by 3.6% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 271,429 shares of the business services provider’s stock after acquiring an additional 9,316 shares during the period. Schwab Charles Investment Management Inc. owned approximately 1.03% of Kforce worth $6,854,000 as of its most recent SEC filing.
Several other large investors have also bought and sold shares of the company. Macquarie Group Ltd. boosted its holdings in Kforce by 22.2% in the 3rd quarter. Macquarie Group Ltd. now owns 1,387,703 shares of the business services provider’s stock worth $28,032,000 after buying an additional 251,643 shares during the last quarter. Deprince Race & Zollo Inc. lifted its stake in Kforce by 4.4% in the 3rd quarter. Deprince Race & Zollo Inc. now owns 747,427 shares of the business services provider’s stock worth $15,098,000 after purchasing an additional 31,768 shares in the last quarter. State Street Corp lifted its stake in Kforce by 5.2% in the 2nd quarter. State Street Corp now owns 521,416 shares of the business services provider’s stock worth $10,221,000 after purchasing an additional 25,748 shares in the last quarter. Royce & Associates LP lifted its stake in Kforce by 9.1% in the 3rd quarter. Royce & Associates LP now owns 248,374 shares of the business services provider’s stock worth $5,017,000 after purchasing an additional 20,700 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its stake in Kforce by 1.3% in the 3rd quarter. Bank of New York Mellon Corp now owns 224,510 shares of the business services provider’s stock worth $4,535,000 after purchasing an additional 2,948 shares in the last quarter. Hedge funds and other institutional investors own 79.55% of the company’s stock.
In related news, CEO David L. Dunkel sold 8,112 shares of the stock in a transaction dated Monday, December 18th. The shares were sold at an average price of $26.50, for a total transaction of $214,968.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO David L. Dunkel sold 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 7th. The stock was sold at an average price of $29.01, for a total transaction of $290,100.00. The disclosure for this sale can be found here. Insiders sold 92,706 shares of company stock valued at $2,493,068 over the last ninety days. Corporate insiders own 13.30% of the company’s stock.
KFRC has been the topic of several analyst reports. Zacks Investment Research lowered shares of Kforce from a “buy” rating to a “hold” rating in a research report on Tuesday, January 9th. ValuEngine raised Kforce from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. BidaskClub lowered Kforce from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, December 27th. Northcoast Research reissued a “buy” rating and issued a $33.00 target price on shares of Kforce in a research report on Wednesday, February 7th. Finally, Robert W. Baird boosted their price target on shares of Kforce from $25.00 to $28.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 7th. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Kforce has a consensus rating of “Buy” and an average target price of $26.80.
Shares of KFRC stock traded up $0.40 on Friday, reaching $28.40. 327,098 shares of the company were exchanged, compared to its average volume of 210,467. Kforce Inc. has a 52-week low of $16.75 and a 52-week high of $29.35. The stock has a market capitalization of $744.45, a PE ratio of 21.68 and a beta of 1.58. The company has a current ratio of 2.93, a quick ratio of 2.93 and a debt-to-equity ratio of 0.89.
Kforce (NASDAQ:KFRC) last announced its quarterly earnings results on Tuesday, February 6th. The business services provider reported $0.45 earnings per share for the quarter, beating analysts’ consensus estimates of $0.43 by $0.02. Kforce had a net margin of 2.45% and a return on equity of 29.84%. The firm had revenue of $342.60 million during the quarter, compared to analysts’ expectations of $340.02 million. During the same period in the previous year, the company earned $0.36 earnings per share. Kforce’s quarterly revenue was up 5.1% compared to the same quarter last year. analysts anticipate that Kforce Inc. will post 2.13 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, March 23rd. Stockholders of record on Friday, March 9th will be issued a $0.12 dividend. The ex-dividend date is Thursday, March 8th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.69%. Kforce’s payout ratio is 36.64%.
Kforce Inc (Kforce) is engaged in providing professional and technical specialty staffing services and solutions. The Company operates through three segments, which include Technology (Tech), Finance and Accounting (FA) and Government Solutions (GS). The Company’s Tech segment includes the operations of its subsidiary Kforce Global Solutions, Inc The FA segment is engaged in providing both temporary staffing and permanent placement services to its clients in areas, such as general accounting, business analysis and others.
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.