Phocas Financial Corp. raised its stake in shares of Kforce Inc. (NASDAQ:KFRC – Get Rating) by 3.3% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 136,385 shares of the business services provider's stock after acquiring an additional 4,360 shares during the quarter. Kforce makes up 1.2% of Phocas Financial Corp.'s portfolio, making the stock its 15th largest holding. Phocas Financial Corp. owned about 0.64% of Kforce worth $7,999,000 as of its most recent filing with the SEC.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. First Horizon Advisors Inc. bought a new position in Kforce in the 2nd quarter worth approximately $45,000. Quantbot Technologies LP increased its position in Kforce by 83.3% in the second quarter. Quantbot Technologies LP now owns 1,100 shares of the business services provider's stock worth $67,000 after purchasing an additional 500 shares during the period. EMC Capital Management raised its holdings in Kforce by 50.9% during the 2nd quarter. EMC Capital Management now owns 1,676 shares of the business services provider's stock worth $103,000 after purchasing an additional 565 shares during the last quarter. Gladius Capital Management LP lifted its holdings 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 buying an additional 412 shares during the period. Finally, Point72 Hong Kong Ltd acquired a new position in shares of Kforce during the 2nd quarter worth about $182,000. 94.26% of the stock is currently owned by institutional investors and hedge funds.
Get Kforce alerts:Kforce Trading Down 0.4 %
KFRC traded down $0.20 on Tuesday, reaching $52.27. The stock had a trading volume of 166 shares, compared to its average volume of 122,263. The company has a market capitalization of $1.08 billion, a price-to-earnings ratio of 12.20 and a beta of 0.92. The firm has a 50-day moving average of $58.04 and a 200-day moving average of $59.46. Kforce Inc. has a fifty-two week low of $49.35 and a fifty-two week high of $78.15.
Kforce (NASDAQ:KFRC – Get Rating) last posted its quarterly earnings data on Monday, October 31st. The business services provider reported $1.09 earnings per share for the quarter, topping the consensus estimate of $1.07 by $0.02. The firm had revenue of $437.62 million during the quarter, compared to analyst estimates of $432.42 million. Kforce had a return on equity of 44.12% and a net margin of 5.23%. The business's quarterly revenue was up 8.7% on a year-over-year basis. During the same period last year, the company posted $0.96 EPS. Sell-side analysts anticipate that Kforce Inc. will post 4.16 EPS for the current fiscal year.Kforce Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 23rd. Shareholders of record on Friday, December 9th will be issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 2.30%. The ex-dividend date is Thursday, December 8th. Kforce's dividend payout ratio is 27.91%.
Analyst Ratings Changes
Several analysts have issued reports on the company. StockNews.com downgraded Kforce from a "strong-buy" rating to a "buy" rating in a research note on Friday, October 28th. William Blair cut shares of Kforce from an "outperform" rating to a "market perform" rating in a research note on Friday, November 25th.
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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