Kforce Inc. (NASDAQ:KFRC) Shares Acquired by BNP Paribas Financial Markets

BNP Paribas Financial Markets increased its position in Kforce Inc. (NASDAQ:KFRC) by 71.3% during the fourth quarter, HoldingsChannel.com reports. The fund owned 29,222 shares of the business services provider’s stock after acquiring an additional 12,161 shares during the quarter. BNP Paribas Financial Markets’ holdings in Kforce were worth $1,657,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Barclays PLC lifted its stake in Kforce by 171.9% in the 3rd quarter. Barclays PLC now owns 42,166 shares of the business services provider’s stock valued at $2,591,000 after buying an additional 26,657 shares in the last quarter. Annex Advisory Services LLC lifted its stake in Kforce by 59.2% in the 4th quarter. Annex Advisory Services LLC now owns 19,436 shares of the business services provider’s stock valued at $1,102,000 after buying an additional 7,225 shares in the last quarter. Janney Montgomery Scott LLC lifted its stake in Kforce by 2.1% in the 4th quarter. Janney Montgomery Scott LLC now owns 34,523 shares of the business services provider’s stock valued at $1,957,000 after buying an additional 708 shares in the last quarter. Inspire Investing LLC lifted its stake in Kforce by 5.9% in the 4th quarter. Inspire Investing LLC now owns 7,067 shares of the business services provider’s stock valued at $401,000 after buying an additional 394 shares in the last quarter. Finally, Exchange Traded Concepts LLC lifted its stake in Kforce by 6.0% in the 4th quarter. Exchange Traded Concepts LLC now owns 5,154 shares of the business services provider’s stock valued at $292,000 after buying an additional 293 shares in the last quarter. Institutional investors and hedge funds own 92.77% of the company’s stock.

Kforce Trading Up 0.3%

Shares of Kforce stock opened at $42.08 on Monday. Kforce Inc. has a fifty-two week low of $35.50 and a fifty-two week high of $71.48. The firm has a market cap of $783.93 million, a PE ratio of 15.70 and a beta of 0.74. The business’s fifty day moving average is $44.80 and its two-hundred day moving average is $51.98. The company has a quick ratio of 2.06, a current ratio of 2.06 and a debt-to-equity ratio of 0.16.

Kforce (NASDAQ:KFRC) last issued its quarterly earnings results on Monday, April 28th. The business services provider reported $0.45 earnings per share for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.03). Kforce had a return on equity of 30.34% and a net margin of 3.59%. The business had revenue of $330.03 million for the quarter, compared to analysts’ expectations of $334.61 million. During the same period in the prior year, the company earned $0.58 EPS. The company’s revenue for the quarter was down 6.2% compared to the same quarter last year. Analysts anticipate that Kforce Inc. will post 2.7 earnings per share for the current year.

Kforce Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 27th. Shareholders of record on Friday, June 13th will be paid a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a dividend yield of 3.71%. The ex-dividend date of this dividend is Friday, June 13th. Kforce’s dividend payout ratio is presently 61.18%.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on KFRC. Truist Financial reduced their target price on Kforce from $58.00 to $50.00 and set a “hold” rating on the stock in a research note on Tuesday, April 15th. StockNews.com lowered Kforce from a “buy” rating to a “hold” rating in a research note on Friday, May 2nd. Finally, UBS Group reduced their target price on Kforce from $47.00 to $40.00 and set a “neutral” rating on the stock in a research note on Wednesday, April 30th.

Insiders Place Their Bets

In other news, Director David L. Dunkel bought 1,000 shares of the business’s stock in a transaction that occurred on Monday, May 5th. The shares were acquired at an average cost of $37.80 per share, with a total value of $37,800.00. Following the transaction, the director now owns 517,329 shares of the company’s stock, valued at $19,555,036.20. This represents a 0.19% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Corporate insiders own 4.40% of the company’s stock.

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.