American Century Companies Inc. Raises Position in Kforce Inc. (NASDAQ:KFRC)

American Century Companies Inc. lifted its holdings in shares of Kforce Inc. (NASDAQ:KFRC) by 8.5% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 84,844 shares of the business services provider’s stock after acquiring an additional 6,677 shares during the quarter. American Century Companies Inc.’s holdings in Kforce were worth $4,811,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently modified their holdings of the company. TD Private Client Wealth LLC lifted its holdings in shares of Kforce by 58.0% during the 3rd quarter. TD Private Client Wealth LLC now owns 496 shares of the business services provider’s stock valued at $30,000 after buying an additional 182 shares during the period. Blue Trust Inc. increased its stake in Kforce by 17.9% in the 4th quarter. Blue Trust Inc. now owns 1,810 shares of the business services provider’s stock worth $111,000 after acquiring an additional 275 shares during the last quarter. PNC Financial Services Group Inc. lifted its holdings in shares of Kforce by 23.5% in the 4th quarter. PNC Financial Services Group Inc. now owns 2,547 shares of the business services provider’s stock valued at $144,000 after acquiring an additional 485 shares during the last quarter. QRG Capital Management Inc. purchased a new position in shares of Kforce in the 4th quarter worth approximately $206,000. Finally, Callan Family Office LLC purchased a new stake in shares of Kforce in the fourth quarter valued at $207,000. 92.77% of the stock is owned by hedge funds and other institutional investors.

Kforce Stock Down 1.0 %

Shares of NASDAQ:KFRC opened at $46.76 on Friday. The business has a 50 day simple moving average of $50.65 and a two-hundred day simple moving average of $55.47. The firm has a market capitalization of $893.55 million, a PE ratio of 17.45 and a beta of 0.83. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.06 and a quick ratio of 2.06. Kforce Inc. has a 1 year low of $45.87 and a 1 year high of $71.48.

Kforce Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 21st. Investors of record on Friday, March 7th were paid a $0.39 dividend. This represents a $1.56 annualized dividend and a yield of 3.34%. The ex-dividend date was Friday, March 7th. This is an increase from Kforce’s previous quarterly dividend of $0.38. Kforce’s dividend payout ratio (DPR) is currently 58.21%.

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.