Kforce Inc. (NASDAQ:KFRC) Shares Acquired by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. grew its position in Kforce Inc. (NASDAQ:KFRC) by 18.0% in the 4th quarter, Holdings Channel.com reports. The firm owned 12,657 shares of the business services provider’s stock after buying an additional 1,935 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in Kforce were worth $718,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently made changes to their positions in the company. Charles Schwab Investment Management Inc. lifted its holdings in Kforce by 2.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 719,163 shares of the business services provider’s stock worth $44,193,000 after purchasing an additional 17,087 shares during the period. Geode Capital Management LLC raised its position in Kforce by 4.0% in the third quarter. Geode Capital Management LLC now owns 480,479 shares of the business services provider’s stock worth $29,530,000 after acquiring an additional 18,386 shares in the last quarter. Tributary Capital Management LLC raised its holdings in shares of Kforce by 38.3% in the 4th quarter. Tributary Capital Management LLC now owns 422,930 shares of the business services provider’s stock worth $23,980,000 after purchasing an additional 117,231 shares in the last quarter. Wellington Management Group LLP grew its position in Kforce by 6.7% in the third quarter. Wellington Management Group LLP now owns 218,011 shares of the business services provider’s stock worth $13,397,000 after buying an additional 13,631 shares during the last quarter. Finally, Hotchkis & Wiley Capital Management LLC grew its holdings in shares of Kforce by 28.4% in the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 186,016 shares of the business services provider’s stock worth $11,431,000 after acquiring an additional 41,180 shares during the last quarter. Institutional investors and hedge funds own 92.77% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on KFRC shares. Truist Financial cut their price target on shares of Kforce from $68.00 to $58.00 and set a “hold” rating on the stock in a report on Tuesday, October 29th. StockNews.com upgraded Kforce from a “hold” rating to a “buy” rating in a report on Saturday, November 30th.

Kforce Price Performance

NASDAQ KFRC opened at $49.88 on Thursday. The company has a debt-to-equity ratio of 0.16, a quick ratio of 2.06 and a current ratio of 2.06. The stock has a 50-day simple moving average of $56.21 and a 200 day simple moving average of $59.33. The stock has a market capitalization of $951.71 million, a PE ratio of 18.61 and a beta of 0.88. Kforce Inc. has a twelve month low of $49.79 and a twelve month high of $74.79.

Kforce Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 21st. Investors of record on Friday, March 7th will be paid a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a yield of 3.13%. This is a positive change from Kforce’s previous quarterly dividend of $0.38. The ex-dividend date is Friday, March 7th. Kforce’s payout ratio is currently 56.72%.

About Kforce

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.