Bank of New York Mellon Corp Increases Position in Kforce Inc. (NASDAQ:KFRC)

Bank of New York Mellon Corp grew its position in Kforce Inc. (NASDAQ:KFRC - Free Report) by 9.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 148,971 shares of the business services provider's stock after acquiring an additional 13,066 shares during the quarter. Bank of New York Mellon Corp owned about 0.78% of Kforce worth $8,447,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. TD Private Client Wealth LLC grew its holdings in 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 during the last quarter. Blue Trust Inc. grew its stake in shares of Kforce by 17.9% during 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 during the last quarter. Advisors Asset Management Inc. raised its holdings in shares of Kforce by 197.3% in the third quarter. Advisors Asset Management Inc. now owns 2,396 shares of the business services provider's stock worth $147,000 after buying an additional 1,590 shares during the period. Paloma Partners Management Co purchased a new stake in shares of Kforce in the third quarter worth approximately $221,000. Finally, Heritage Family Offices LLP bought a new stake in shares of Kforce during the 4th quarter worth approximately $258,000. Hedge funds and other institutional investors own 92.77% of the company's stock.

Wall Street Analysts Forecast Growth

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

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Kforce Trading Down 0.4 %

Shares of NASDAQ:KFRC traded down $0.18 during trading on Monday, reaching $50.49. 106,677 shares of the company were exchanged, compared to its average volume of 109,567. The business's fifty day simple moving average is $52.57 and its 200-day simple moving average is $56.83. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.06 and a quick ratio of 2.06. Kforce Inc. has a 12-month low of $48.03 and a 12-month high of $72.19. The firm has a market capitalization of $964.86 million, a PE ratio of 18.84 and a beta of 0.83.

Kforce Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 21st. Shareholders of record on Friday, March 7th will be issued a dividend of $0.39 per share. This is an increase from Kforce's previous quarterly dividend of $0.38. This represents a $1.56 annualized dividend and a yield of 3.09%. The ex-dividend date of this dividend is Friday, March 7th. Kforce's dividend payout ratio (DPR) is presently 58.21%.

Kforce 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.