Blue Trust Inc. Decreases Stock Position in Kforce Inc. (NASDAQ:KFRC)

Blue Trust Inc. decreased its position in shares of Kforce Inc. (NASDAQ:KFRC) by 23.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,170 shares of the business services provider’s stock after selling 365 shares during the period. Blue Trust Inc.’s holdings in Kforce were worth $66,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Harbor Capital Advisors Inc. boosted its stake in Kforce by 10.6% in the fourth quarter. Harbor Capital Advisors Inc. now owns 9,307 shares of the business services provider’s stock valued at $528,000 after acquiring an additional 889 shares during the period. Barclays PLC lifted its holdings in shares of Kforce by 171.9% in the 3rd quarter. Barclays PLC now owns 42,166 shares of the business services provider’s stock worth $2,591,000 after purchasing an additional 26,657 shares during the last quarter. Geode Capital Management LLC boosted its position in Kforce by 4.0% during the 3rd quarter. Geode Capital Management LLC now owns 480,479 shares of the business services provider’s stock valued at $29,530,000 after purchasing an additional 18,386 shares during the period. Raymond James & Associates grew its stake in Kforce by 3.8% during the 3rd quarter. Raymond James & Associates now owns 98,253 shares of the business services provider’s stock worth $6,038,000 after buying an additional 3,560 shares during the last quarter. Finally, Intech Investment Management LLC bought a new position in Kforce during the 3rd quarter worth $302,000. Institutional investors and hedge funds own 92.77% of the company’s stock.

Kforce Stock Performance

Shares of KFRC opened at $49.06 on Tuesday. Kforce Inc. has a one year low of $48.03 and a one year high of $74.79. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.06 and a quick ratio of 2.06. The company has a market capitalization of $936.03 million, a PE ratio of 18.31 and a beta of 0.88. The company’s fifty day moving average price is $54.50 and its 200 day moving average price is $58.35.

Kforce Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 21st. Shareholders of record on Friday, March 7th will be issued a $0.39 dividend. This is a boost from Kforce’s previous quarterly dividend of $0.38. The ex-dividend date is Friday, March 7th. This represents a $1.56 annualized dividend and a yield of 3.18%. Kforce’s dividend payout ratio is 58.21%.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. Truist Financial reduced their price objective on Kforce from $68.00 to $58.00 and set a “hold” rating for the company in a research report on Tuesday, October 29th. StockNews.com upgraded Kforce from a “hold” rating to a “buy” rating in a research report on Saturday, November 30th.

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.