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

American Century Companies Inc. increased its position in shares of Kforce Inc. (NASDAQ:KFRC - Free Report) by 8.5% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 84,844 shares of the business services provider's stock after buying an additional 6,677 shares during the quarter. American Century Companies Inc. owned about 0.44% of Kforce worth $4,811,000 at the end of the most recent quarter.

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

Kforce Stock Down 0.9 %

KFRC traded down $0.44 during midday trading on Thursday, reaching $45.67. 151,418 shares of the company were exchanged, compared to its average volume of 118,538. The company has a market cap of $872.70 million, a price-to-earnings ratio of 17.04 and a beta of 0.76. Kforce Inc. has a one year low of $42.11 and a one year high of $71.48. The company's fifty day moving average price is $49.36 and its 200 day moving average price is $54.79. The company has a debt-to-equity ratio of 0.16, a quick ratio of 2.06 and a current ratio of 2.06.

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Kforce Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 21st. Stockholders of record on Friday, March 7th were issued a $0.39 dividend. The ex-dividend date was Friday, March 7th. This represents a $1.56 annualized dividend and a dividend yield of 3.42%. This is an increase from Kforce's previous quarterly dividend of $0.38. Kforce's dividend payout ratio is currently 58.21%.

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.