87,318 Shares in Kforce Inc. (NASDAQ:KFRC) Acquired by Proficio Capital Partners LLC

Proficio Capital Partners LLC purchased a new stake in Kforce Inc. (NASDAQ:KFRC - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 87,318 shares of the business services provider's stock, valued at approximately $4,951,000. Proficio Capital Partners LLC owned 0.46% of Kforce at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the stock. TD Private Client Wealth LLC increased 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 purchasing an additional 182 shares in the last quarter. Blue Trust Inc. boosted its stake in shares of Kforce by 17.9% during 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 in the last quarter. Advisors Asset Management Inc. boosted its stake in shares of Kforce by 197.3% during the 3rd quarter. Advisors Asset Management Inc. now owns 2,396 shares of the business services provider's stock worth $147,000 after acquiring an additional 1,590 shares in the last quarter. Paloma Partners Management Co acquired a new stake in shares of Kforce during the 3rd quarter valued at about $221,000. Finally, Heritage Family Offices LLP purchased a new position in shares of Kforce in the 4th quarter valued at about $258,000. 92.77% of the stock is owned by institutional investors and hedge funds.

Kforce Price Performance

Shares of Kforce stock traded up $1.22 during mid-day trading on Friday, reaching $51.26. 134,586 shares of the stock traded hands, compared to its average volume of 120,616. The stock has a market capitalization of $979.61 million, a PE ratio of 19.13 and a beta of 0.88. The business has a 50-day moving average of $53.38 and a 200 day moving average of $57.65. Kforce Inc. has a fifty-two week low of $48.03 and a fifty-two week high of $74.34. The company has a quick ratio of 2.06, a current ratio of 2.06 and a debt-to-equity ratio of 0.16.

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Kforce Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 21st. Shareholders of record on Friday, March 7th will be paid a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a yield of 3.04%. The ex-dividend date is Friday, March 7th. This is a boost from Kforce's previous quarterly dividend of $0.38. Kforce's payout ratio is 58.21%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded Kforce from a "hold" rating to a "buy" rating in a research report on Saturday, November 30th.

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.