Aptus Capital Advisors LLC Grows Stock Holdings in Kforce Inc. (NASDAQ:KFRC)

Aptus Capital Advisors LLC increased its position in Kforce Inc. (NASDAQ:KFRC - Free Report) by 15.6% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 86,815 shares of the business services provider's stock after buying an additional 11,734 shares during the quarter. Aptus Capital Advisors LLC owned 0.46% of Kforce worth $5,335,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently modified their holdings of KFRC. Hantz Financial Services Inc. purchased a new position in Kforce during the second quarter valued at approximately $1,488,000. Vaughan Nelson Investment Management L.P. raised its holdings in Kforce by 3.3% in the 2nd quarter. Vaughan Nelson Investment Management L.P. now owns 756,788 shares of the business services provider's stock worth $47,020,000 after purchasing an additional 23,920 shares during the period. Versor Investments LP purchased a new position in Kforce in the 3rd quarter valued at about $916,000. Kayne Anderson Rudnick Investment Management LLC raised its holdings in Kforce by 0.6% in the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 2,402,035 shares of the business services provider's stock valued at $149,238,000 after acquiring an additional 13,706 shares during the last quarter. Finally, Sei Investments Co. increased its position in Kforce by 36.1% during the first quarter. Sei Investments Co. now owns 45,459 shares of the business services provider's stock worth $3,207,000 after purchasing an additional 12,050 shares during the last quarter. Hedge funds and other institutional investors own 92.77% of the company's stock.

Kforce Trading Down 0.5 %

NASDAQ:KFRC traded down $0.33 on Wednesday, reaching $60.69. 124,563 shares of the stock traded hands, compared to its average volume of 113,374. The company has a current ratio of 2.06, a quick ratio of 2.06 and a debt-to-equity ratio of 0.16. The company's 50 day moving average is $59.19 and its 200-day moving average is $62.06. Kforce Inc. has a 1-year low of $52.96 and a 1-year high of $74.79. The firm has a market capitalization of $1.16 billion, a price-to-earnings ratio of 20.93 and a beta of 0.88.

Kforce (NASDAQ:KFRC - Get Free Report) last issued its quarterly earnings data on Monday, October 28th. The business services provider reported $0.75 EPS for the quarter, topping the consensus estimate of $0.69 by $0.06. The firm had revenue of $353.30 million during the quarter, compared to the consensus estimate of $352.19 million. Kforce had a return on equity of 33.50% and a net margin of 3.86%. The company's quarterly revenue was down 5.3% compared to the same quarter last year. During the same period in the prior year, the business posted $0.90 earnings per share. Equities research analysts anticipate that Kforce Inc. will post 2.68 EPS for the current fiscal year.

Kforce Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Friday, December 6th will be paid a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a dividend yield of 2.50%. The ex-dividend date of this dividend is Friday, December 6th. Kforce's dividend payout ratio (DPR) is presently 52.41%.

Analyst Upgrades and Downgrades

KFRC has been the subject of several analyst reports. Sidoti raised shares of Kforce from a "neutral" rating to a "buy" rating and set a $71.00 price target for the company in a report on Tuesday, October 15th. StockNews.com cut shares of Kforce from a "buy" rating to a "hold" rating in a research report on Thursday, October 31st. Finally, Truist Financial lowered their target price on Kforce from $68.00 to $58.00 and set a "hold" rating for the company in a report on Tuesday, October 29th. Two equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $66.67.

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.