Heritage Family Offices LLP Takes Position in Kforce Inc. (NASDAQ:KFRC)

Heritage Family Offices LLP acquired a new position in shares of Kforce Inc. (NASDAQ:KFRC - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 4,558 shares of the business services provider's stock, valued at approximately $258,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Kathleen S. Wright Associates Inc. purchased a new position in Kforce during the 3rd quarter worth $30,000. TD Private Client Wealth LLC grew its position 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 worth $30,000 after purchasing an additional 182 shares during the last quarter. Canada Pension Plan Investment Board purchased a new position in Kforce during the 2nd quarter worth $68,000. Benjamin F. Edwards & Company Inc. boosted its holdings in shares of Kforce by 96.0% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 1,313 shares of the business services provider's stock valued at $82,000 after acquiring an additional 643 shares in the last quarter. Finally, Blue Trust Inc. boosted its holdings in shares of Kforce by 259.5% in the third quarter. Blue Trust Inc. now owns 1,535 shares of the business services provider's stock valued at $95,000 after acquiring an additional 1,108 shares in the last quarter. 92.77% of the stock is owned by hedge funds and other institutional investors.

Kforce Price Performance

Shares of NASDAQ KFRC traded up $0.24 during midday trading on Thursday, hitting $56.51. The company had a trading volume of 51,686 shares, compared to its average volume of 78,699. The company has a quick ratio of 2.06, a current ratio of 2.06 and a debt-to-equity ratio of 0.16. Kforce Inc. has a twelve month low of $52.96 and a twelve month high of $74.79. The business has a 50-day simple moving average of $58.35 and a two-hundred day simple moving average of $60.67. The firm has a market capitalization of $1.08 billion, a price-to-earnings ratio of 19.49 and a beta of 0.89.

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

Kforce Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 20th. Investors of record on Friday, December 6th were paid a $0.38 dividend. This represents a $1.52 annualized dividend and a dividend yield of 2.69%. The ex-dividend date of this dividend was Friday, December 6th. Kforce's dividend payout ratio (DPR) is 52.41%.

Analysts Set New Price Targets

Several analysts have recently weighed in on KFRC shares. StockNews.com raised shares of Kforce from a "hold" rating to a "buy" rating in a report on Saturday, November 30th. Sidoti raised shares of Kforce from a "neutral" rating to a "buy" rating and set a $71.00 target price on the stock in a report 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 on the stock in a report 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.