Kayne Anderson Rudnick Investment Management LLC Decreases Stake in Kforce Inc. (NASDAQ:KFRC)

Kayne Anderson Rudnick Investment Management LLC reduced its stake in Kforce Inc. (NASDAQ:KFRC - Free Report) by 6.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,261,972 shares of the business services provider's stock after selling 145,334 shares during the period. Kayne Anderson Rudnick Investment Management LLC owned 11.86% of Kforce worth $128,254,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. MetLife Investment Management LLC grew its holdings in shares of Kforce by 2.9% during the 4th quarter. MetLife Investment Management LLC now owns 11,189 shares of the business services provider's stock worth $634,000 after acquiring an additional 312 shares during the period. Marshall Wace LLP purchased a new stake in Kforce in the fourth quarter worth $6,683,000. XTX Topco Ltd purchased a new stake in Kforce in the fourth quarter worth $333,000. Barclays PLC raised its holdings in Kforce by 40.4% in the fourth quarter. Barclays PLC now owns 59,219 shares of the business services provider's stock worth $3,357,000 after purchasing an additional 17,053 shares in the last quarter. Finally, Raymond James Financial Inc. purchased a new position in Kforce during the fourth quarter valued at $5,146,000. 92.77% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, Truist Financial decreased their price target on shares of Kforce from $58.00 to $50.00 and set a "hold" rating for the company in a research note on Tuesday, April 15th.

Kforce Stock Down 0.8 %

KFRC stock traded down $0.36 on Friday, reaching $43.68. 58,080 shares of the company traded hands, compared to its average volume of 120,592. The firm has a fifty day simple moving average of $47.97 and a 200-day simple moving average of $53.81. The company has a market cap of $834.77 million, a P/E ratio of 16.29 and a beta of 0.76. Kforce Inc. has a one year low of $42.11 and a one year high of $71.48. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.06 and a quick ratio of 2.06.

Kforce Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 21st. Shareholders of record on Friday, March 7th were issued a $0.39 dividend. The ex-dividend date of this dividend was Friday, March 7th. This is a boost from Kforce's previous quarterly dividend of $0.38. This represents a $1.56 annualized dividend and a yield of 3.57%. Kforce's payout ratio is 58.21%.

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.