Federated Hermes Inc. lifted its position in shares of Kforce Inc. (NASDAQ:KFRC – Get Rating) by 862.3% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 21,690 shares of the business services provider's stock after purchasing an additional 19,436 shares during the period. Federated Hermes Inc.'s holdings in Kforce were worth $1,331,000 at the end of the most recent reporting period.
Several other institutional investors have also modified their holdings of the company. Vanguard Group Inc. lifted its position in shares of Kforce by 2.1% during the 1st quarter. Vanguard Group Inc. now owns 2,125,790 shares of the business services provider's stock worth $157,245,000 after purchasing an additional 43,549 shares during the last quarter. Polaris Capital Management LLC lifted its position in shares of Kforce by 5,905.3% during the 2nd quarter. Polaris Capital Management LLC now owns 1,206,706 shares of the business services provider's stock worth $50,935,000 after purchasing an additional 1,186,612 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Kforce by 1.5% during the 1st quarter. Dimensional Fund Advisors LP now owns 819,920 shares of the business services provider's stock worth $60,651,000 after purchasing an additional 12,263 shares during the last quarter. Lord Abbett & CO. LLC lifted its position in shares of Kforce by 113.7% during the 1st quarter. Lord Abbett & CO. LLC now owns 525,290 shares of the business services provider's stock worth $38,856,000 after purchasing an additional 279,462 shares during the last quarter. Finally, State Street Corp lifted its position in shares of Kforce by 0.6% during the 2nd quarter. State Street Corp now owns 468,664 shares of the business services provider's stock worth $28,748,000 after purchasing an additional 2,615 shares during the last quarter. 88.09% of the stock is owned by hedge funds and other institutional investors.
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Kforce Price Performance
Shares of NASDAQ:KFRC opened at $54.83 on Friday. The company's fifty day moving average price is $57.50 and its 200 day moving average price is $59.13. Kforce Inc. has a 12 month low of $49.35 and a 12 month high of $78.15. The firm has a market capitalization of $1.14 billion, a P/E ratio of 12.75 and a beta of 0.92.
Kforce (NASDAQ:KFRC – Get Rating) last posted its quarterly earnings data on Monday, October 31st. The business services provider reported $1.09 EPS for the quarter, beating analysts' consensus estimates of $1.07 by $0.02. The company had revenue of $437.62 million for the quarter, compared to analyst estimates of $432.42 million. Kforce had a net
margin of 5.23% and a return on equity of 44.12%. Kforce's quarterly revenue was up 8.7% on a year-over-year basis. During the same period in the previous year, the business posted $0.96 earnings per share. On average, sell-side analysts anticipate that Kforce Inc. will post 4.24 EPS for the current year.
Kforce Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 23rd. Shareholders of record on Friday, December 9th were paid a $0.30 dividend. The ex-dividend date of this dividend was Thursday, December 8th. This represents a $1.20 dividend on an annualized basis and a yield of 2.19%. Kforce's dividend payout ratio is presently 27.91%.
Analyst Ratings Changes
KFRC has been the topic of several research analyst reports. William Blair lowered shares of Kforce from an "outperform" rating to a "market perform" rating in a research note on Friday, November 25th. StockNews.com lowered shares of Kforce from a "strong-buy" rating to a "buy" rating in a research note 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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