Geode Capital Management LLC Buys 18,386 Shares of Kforce Inc. (NASDAQ:KFRC)

Geode Capital Management LLC boosted its position in shares of Kforce Inc. (NASDAQ:KFRC - Free Report) by 4.0% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 480,479 shares of the business services provider's stock after buying an additional 18,386 shares during the quarter. Geode Capital Management LLC owned 2.52% of Kforce worth $29,530,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently bought and sold shares of KFRC. Hotchkis & Wiley Capital Management LLC lifted its holdings in shares of Kforce by 28.4% in the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 186,016 shares of the business services provider's stock worth $11,431,000 after acquiring an additional 41,180 shares during the last quarter. Jane Street Group LLC raised its position in Kforce by 210.4% in the 3rd quarter. Jane Street Group LLC now owns 53,255 shares of the business services provider's stock worth $3,273,000 after purchasing an additional 36,098 shares during the period. Barclays PLC lifted its stake in Kforce by 171.9% in the third quarter. Barclays PLC now owns 42,166 shares of the business services provider's stock worth $2,591,000 after purchasing an additional 26,657 shares during the last quarter. Hantz Financial Services Inc. purchased a new position in shares of Kforce during the second quarter valued at approximately $1,488,000. Finally, Dynamic Technology Lab Private Ltd purchased a new position in shares of Kforce during the third quarter valued at approximately $1,114,000. 92.77% of the stock is owned by hedge funds and other institutional investors.

Kforce Trading Down 0.5 %

Shares of Kforce stock traded down $0.31 on Friday, hitting $56.71. 109,060 shares of the company traded hands, compared to its average volume of 113,121. 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 has a market cap of $1.08 billion, a PE ratio of 19.56 and a beta of 0.88. The stock's 50 day moving average price is $58.53 and its 200-day moving average price is $61.22. Kforce Inc. has a 52 week low of $52.96 and a 52 week high of $74.79.

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

Kforce Announces Dividend

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

Analyst Upgrades and Downgrades

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