Barclays PLC Raises Stock Holdings in Kforce Inc. (NASDAQ:KFRC)

Barclays PLC increased its stake in Kforce Inc. (NASDAQ:KFRC - Free Report) by 171.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 42,166 shares of the business services provider's stock after acquiring an additional 26,657 shares during the period. Barclays PLC owned approximately 0.22% of Kforce worth $2,591,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the stock. Kayne Anderson Rudnick Investment Management LLC boosted its holdings in shares of 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 worth $149,238,000 after purchasing an additional 13,706 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in Kforce by 2.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 719,163 shares of the business services provider's stock worth $44,193,000 after buying an additional 17,087 shares during the period. Wellington Management Group LLP increased its position in Kforce by 6.7% during the third quarter. Wellington Management Group LLP now owns 218,011 shares of the business services provider's stock valued at $13,397,000 after acquiring an additional 13,631 shares during the last quarter. Hotchkis & Wiley Capital Management LLC raised its stake in shares of Kforce by 28.4% in the third quarter. Hotchkis & Wiley Capital Management LLC now owns 186,016 shares of the business services provider's stock valued at $11,431,000 after acquiring an additional 41,180 shares during the period. Finally, Bank of New York Mellon Corp raised its stake in shares of Kforce by 5.1% in the second quarter. Bank of New York Mellon Corp now owns 148,492 shares of the business services provider's stock valued at $9,226,000 after acquiring an additional 7,214 shares during the period. 92.77% of the stock is owned by institutional investors.

Kforce Trading Up 1.0 %

Shares of NASDAQ KFRC traded up $0.55 during mid-day trading on Wednesday, reaching $56.62. The company had a trading volume of 45,350 shares, compared to its average volume of 113,386. The stock has a market cap of $1.08 billion, a price-to-earnings ratio of 19.52 and a beta of 0.88. Kforce Inc. has a 52 week low of $52.96 and a 52 week high of $74.79. The business's 50-day moving average is $58.53 and its 200-day moving average is $61.28. The company has a current ratio of 2.06, a quick ratio of 2.06 and a debt-to-equity ratio of 0.16.

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

Kforce Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, December 20th. Shareholders of record on Friday, December 6th were given a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a yield of 2.68%. The ex-dividend date was Friday, December 6th. Kforce's dividend payout ratio (DPR) is presently 52.41%.

Analyst Upgrades and Downgrades

KFRC has been the subject of a number of recent analyst reports. StockNews.com raised shares of Kforce from a "hold" rating to a "buy" rating in a research note on Saturday, November 30th. Sidoti upgraded Kforce from a "neutral" rating to a "buy" rating and set a $71.00 target price for the company in a research report on Tuesday, October 15th. Finally, Truist Financial cut their target price on Kforce from $68.00 to $58.00 and set a "hold" rating on the stock in a research note on Tuesday, October 29th.

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.