Kforce Inc. (NASDAQ:KFRC) Shares Sold by Dynamic Technology Lab Private Ltd

Dynamic Technology Lab Private Ltd trimmed its position in Kforce Inc. (NASDAQ:KFRC - Free Report) by 65.1% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 6,321 shares of the business services provider's stock after selling 11,814 shares during the period. Dynamic Technology Lab Private Ltd's holdings in Kforce were worth $358,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Charles Schwab Investment Management Inc. lifted its stake in Kforce by 5.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 758,963 shares of the business services provider's stock worth $43,033,000 after purchasing an additional 39,800 shares in the last quarter. Geode Capital Management LLC lifted its stake in shares of Kforce by 0.4% in the 4th quarter. Geode Capital Management LLC now owns 482,199 shares of the business services provider's stock valued at $27,346,000 after acquiring an additional 1,720 shares during the last quarter. Tributary Capital Management LLC lifted its position in Kforce by 38.3% in the fourth quarter. Tributary Capital Management LLC now owns 422,930 shares of the business services provider's stock valued at $23,980,000 after purchasing an additional 117,231 shares during the last quarter. Wellington Management Group LLP grew its holdings in Kforce by 36.3% in the 4th quarter. Wellington Management Group LLP now owns 297,111 shares of the business services provider's stock worth $16,846,000 after acquiring an additional 79,100 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its holdings in Kforce by 9.6% during the 4th quarter. Bank of New York Mellon Corp now owns 148,971 shares of the business services provider's stock valued at $8,447,000 after purchasing an additional 13,066 shares during the period. Hedge funds and other institutional investors own 92.77% of the company's stock.

Remove Ads

Kforce Price Performance

NASDAQ:KFRC traded down $1.57 during trading hours on Tuesday, hitting $44.74. 20,143 shares of the stock traded hands, compared to its average volume of 119,081. Kforce Inc. has a 1 year low of $42.11 and a 1 year high of $71.48. The company has a quick ratio of 2.06, a current ratio of 2.06 and a debt-to-equity ratio of 0.16. The company has a market cap of $855.03 million, a price-to-earnings ratio of 16.69 and a beta of 0.76. The stock has a 50 day moving average price of $49.03 and a 200 day moving average price of $54.54.

Kforce Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 21st. Shareholders of record on Friday, March 7th were given a dividend of $0.39 per share. The ex-dividend date was Friday, March 7th. This represents a $1.56 annualized dividend and a yield of 3.49%. This is a positive change from Kforce's previous quarterly dividend of $0.38. Kforce's dividend payout ratio (DPR) is 58.21%.

Wall Street Analyst Weigh In

Separately, Truist Financial dropped their price target on Kforce from $58.00 to $50.00 and set a "hold" rating on the stock in a research report on Tuesday.

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.