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

Jane Street Group LLC grew its stake in Kforce Inc. (NASDAQ:KFRC - Free Report) by 210.4% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 53,255 shares of the business services provider's stock after buying an additional 36,098 shares during the quarter. Jane Street Group LLC owned 0.28% of Kforce worth $3,273,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. Kayne Anderson Rudnick Investment Management LLC lifted its holdings in Kforce by 0.6% during the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 2,402,035 shares of the business services provider's stock worth $149,238,000 after buying an additional 13,706 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in Kforce by 2.4% in 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 purchasing an additional 17,087 shares in the last quarter. Wellington Management Group LLP increased its stake in Kforce by 6.7% in the third quarter. Wellington Management Group LLP now owns 218,011 shares of the business services provider's stock valued at $13,397,000 after purchasing an additional 13,631 shares during the last quarter. Hotchkis & Wiley Capital Management LLC raised its holdings in Kforce by 28.4% during the third quarter. Hotchkis & Wiley Capital Management LLC now owns 186,016 shares of the business services provider's stock worth $11,431,000 after purchasing an additional 41,180 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its position in shares of Kforce by 5.1% during the 2nd quarter. Bank of New York Mellon Corp now owns 148,492 shares of the business services provider's stock worth $9,226,000 after buying an additional 7,214 shares during the last quarter. 92.77% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

KFRC has been the topic of several research analyst reports. StockNews.com upgraded shares of Kforce from a "hold" rating to a "buy" rating in a research note on Saturday, November 30th. Sidoti raised 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. 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 Price Performance

KFRC stock traded down $0.14 during trading on Friday, reaching $56.21. 212,862 shares of the company were exchanged, compared to its average volume of 113,753. The stock's 50 day moving average price is $58.56 and its 200 day moving average price is $61.36. Kforce Inc. has a 52-week low of $52.96 and a 52-week high of $74.79. The company has a debt-to-equity ratio of 0.16, a quick ratio of 2.06 and a current ratio of 2.06. The company has a market cap of $1.07 billion, a P/E ratio of 19.38 and a beta of 0.88.

Kforce (NASDAQ:KFRC - Get Free Report) last released its quarterly earnings data on Monday, October 28th. The business services provider reported $0.75 EPS for the quarter, topping 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 business had revenue of $353.30 million for the quarter, compared to analyst estimates of $352.19 million. During the same period in the previous year, the firm earned $0.90 EPS. The business's revenue for the quarter was down 5.3% compared to the same quarter last year. As a group, analysts predict that Kforce Inc. will post 2.68 earnings per share for the current fiscal year.

Kforce Announces Dividend

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