Diversified Trust Co cut its holdings in shares of Kforce Inc. (NASDAQ:KFRC – Get Rating) by 11.2% during the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 9,995 shares of the business services provider's stock after selling 1,255 shares during the period. Diversified Trust Co's holdings in Kforce were worth $586,000 as of its most recent SEC filing.
Other institutional investors also recently bought and sold shares of the company. First Horizon Advisors Inc. acquired a new stake in Kforce in the second quarter valued at approximately $45,000. Quantbot Technologies LP boosted its stake in Kforce by 83.3% in the second quarter. Quantbot Technologies LP now owns 1,100 shares of the business services provider's stock valued at $67,000 after acquiring an additional 500 shares in the last quarter. EMC Capital Management boosted its stake in Kforce by 50.9% in the second quarter. EMC Capital Management now owns 1,676 shares of the business services provider's stock valued at $103,000 after acquiring an additional 565 shares in the last quarter. Gladius Capital Management LP boosted its stake in Kforce by 26.1% in the second quarter. Gladius Capital Management LP now owns 1,989 shares of the business services provider's stock valued at $123,000 after acquiring an additional 412 shares in the last quarter. Finally, Point72 Hong Kong Ltd acquired a new stake in Kforce in the second quarter valued at approximately $182,000. 88.09% of the stock is currently owned by institutional investors and hedge funds.
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Kforce Trading Down 2.2 %
NASDAQ KFRC opened at $53.57 on Friday. The company has a fifty day simple moving average of $57.61 and a two-hundred day simple moving average of $59.28. The stock has a market cap of $1.11 billion, a P/E ratio of 12.46 and a beta of 0.92. Kforce Inc. has a 12-month low of $49.35 and a 12-month high of $78.15.
Kforce (NASDAQ:KFRC – Get Rating) last posted its quarterly earnings results on Monday, October 31st. The business services provider reported $1.09 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.07 by $0.02. Kforce had a net
margin of 5.23% and a return on equity of 44.12%. The business had revenue of $437.62 million during the quarter, compared to analysts' expectations of $432.42 million. During the same quarter last year, the company posted $0.96 earnings per share. The business's quarterly revenue was up 8.7% on a year-over-year basis. As a group, sell-side analysts forecast that Kforce Inc. will post 4.24 earnings per share for the current year.
Kforce Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 23rd. Investors of record on Friday, December 9th will be issued a dividend of $0.30 per share. The ex-dividend date is Thursday, December 8th. This represents a $1.20 annualized dividend and a dividend yield of 2.24%. Kforce's dividend payout ratio (DPR) is presently 27.91%.
Wall Street Analyst Weigh In
Several equities research analysts have weighed in on KFRC shares. William Blair downgraded shares of Kforce from an "outperform" rating to a "market perform" rating in a research note on Friday, November 25th. StockNews.com cut shares of Kforce from a "strong-buy" rating to a "buy" rating in a report on Friday, October 28th.
About Kforce
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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.
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