Kforce Inc. (NASDAQ:KFRC) Shares Acquired by Jane Street Group LLC

Jane Street Group LLC lifted its holdings in Kforce Inc. (NASDAQ:KFRC - Free Report) by 210.4% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 53,255 shares of the business services provider's stock after acquiring an additional 36,098 shares during the period. Jane Street Group LLC owned 0.28% of Kforce worth $3,273,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the stock. Blue Trust Inc. raised its stake in shares of Kforce by 59.9% in the second quarter. Blue Trust Inc. now owns 427 shares of the business services provider's stock valued at $27,000 after acquiring an additional 160 shares during the period. Kathleen S. Wright Associates Inc. purchased a new stake in Kforce in the 3rd quarter worth about $30,000. nVerses Capital LLC lifted its stake in Kforce by 50.0% in the second quarter. nVerses Capital LLC now owns 900 shares of the business services provider's stock worth $56,000 after purchasing an additional 300 shares during the last quarter. Canada Pension Plan Investment Board purchased a new position in shares of Kforce during the second quarter valued at approximately $68,000. Finally, Benjamin F. Edwards & Company Inc. grew its stake in shares of Kforce by 96.0% during 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 buying an additional 643 shares during the last quarter. 92.77% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

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

Kforce Stock Down 0.2 %

Shares of NASDAQ KFRC traded down $0.14 during trading hours on Friday, hitting $56.21. 212,862 shares of the stock were exchanged, compared to its average volume of 113,753. Kforce Inc. has a 12 month low of $52.96 and a 12 month high of $74.79. The firm has a fifty day moving average price of $58.56 and a 200-day moving average price of $61.35. 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 $1.07 billion, a PE ratio of 19.38 and a beta of 0.88.

Kforce (NASDAQ:KFRC - Get Free Report) last posted its quarterly earnings data on Monday, October 28th. The business services provider reported $0.75 earnings per share for the quarter, topping 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 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 firm earned $0.90 EPS. The business's quarterly revenue was down 5.3% on a year-over-year basis. On average, sell-side analysts expect that Kforce Inc. will post 2.68 EPS for the current year.

Kforce Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 20th. Stockholders of record on Friday, December 6th were issued a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a dividend yield of 2.70%. The ex-dividend date was Friday, December 6th. Kforce's dividend payout ratio (DPR) is presently 52.41%.

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.