Kforce Inc. (NASDAQ:KFRC) Shares Bought by Hotchkis & Wiley Capital Management LLC

Hotchkis & Wiley Capital Management LLC grew its position in shares of Kforce Inc. (NASDAQ:KFRC - Free Report) by 28.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 186,016 shares of the business services provider's stock after purchasing an additional 41,180 shares during the period. Hotchkis & Wiley Capital Management LLC owned approximately 0.97% of Kforce worth $11,431,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in KFRC. Hantz Financial Services Inc. purchased a new position in Kforce in the second quarter worth about $1,488,000. Vaughan Nelson Investment Management L.P. boosted its position in shares of Kforce by 3.3% during the second quarter. Vaughan Nelson Investment Management L.P. now owns 756,788 shares of the business services provider's stock valued at $47,020,000 after buying an additional 23,920 shares during the period. Dynamic Technology Lab Private Ltd purchased a new position in shares of Kforce during the third quarter valued at approximately $1,114,000. Charles Schwab Investment Management Inc. boosted its position in shares of 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 valued at $44,193,000 after buying an additional 17,087 shares during the period. Finally, Aptus Capital Advisors LLC boosted its position in shares of Kforce by 24.8% during the second quarter. Aptus Capital Advisors LLC now owns 75,081 shares of the business services provider's stock valued at $4,665,000 after buying an additional 14,925 shares during the period. Hedge funds and other institutional investors own 92.77% of the company's stock.

Kforce Stock Up 0.9 %

Shares of KFRC stock traded up $0.58 during trading hours on Wednesday, reaching $61.65. 106,943 shares of the company's stock were exchanged, compared to its average volume of 113,850. The stock's 50 day moving average is $58.32 and its 200-day moving average is $61.59. The company has a market cap of $1.18 billion, a price-to-earnings ratio of 21.26 and a beta of 0.88. 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 Inc. has a fifty-two week low of $52.96 and a fifty-two week high of $74.79.

Kforce (NASDAQ:KFRC - Get Free Report) last announced its quarterly earnings data 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. The firm had revenue of $353.30 million for the quarter, compared to analyst estimates of $352.19 million. Kforce had a net margin of 3.86% and a return on equity of 33.50%. The business's quarterly revenue was down 5.3% compared to the same quarter last year. During the same period in the previous year, the company earned $0.90 earnings per share. Analysts predict that Kforce Inc. will post 2.68 earnings per share for the current fiscal year.

Kforce Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Shareholders of record on Friday, December 6th will be issued a $0.38 dividend. This represents a $1.52 annualized dividend and a yield of 2.47%. The ex-dividend date of this dividend is Friday, December 6th. Kforce's payout ratio is 52.41%.

Wall Street Analyst Weigh In

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 research note on Saturday. Truist Financial reduced their price objective 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. Finally, Sidoti raised shares of Kforce from a "neutral" rating to a "buy" rating and set a $71.00 price objective for the company in a research note on Tuesday, October 15th.

About Kforce

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.