Kforce Inc. (NASDAQ:KFRC) Shares Purchased by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. raised its stake in Kforce Inc. (NASDAQ:KFRC - Free Report) by 5.5% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 758,963 shares of the business services provider's stock after purchasing an additional 39,800 shares during the period. Charles Schwab Investment Management Inc. owned 3.98% of Kforce worth $43,033,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Geode Capital Management LLC increased its position in shares of Kforce by 4.0% in the 3rd quarter. Geode Capital Management LLC now owns 480,479 shares of the business services provider's stock worth $29,530,000 after purchasing an additional 18,386 shares during the last quarter. Tributary Capital Management LLC increased its position in shares of Kforce by 38.3% in the 4th quarter. Tributary Capital Management LLC now owns 422,930 shares of the business services provider's stock worth $23,980,000 after purchasing an additional 117,231 shares during the last quarter. Wellington Management Group LLP increased its position in shares of Kforce by 6.7% in the 3rd quarter. Wellington Management Group LLP now owns 218,011 shares of the business services provider's stock worth $13,397,000 after purchasing an additional 13,631 shares during the last quarter. Hotchkis & Wiley Capital Management LLC grew its position in shares of Kforce by 28.4% during the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 186,016 shares of the business services provider's stock valued at $11,431,000 after buying an additional 41,180 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its position in shares of Kforce by 9.6% during the 4th quarter. Bank of New York Mellon Corp now owns 148,971 shares of the business services provider's stock valued at $8,447,000 after buying an additional 13,066 shares during the last quarter. Institutional investors own 92.77% of the company's stock.

Remove Ads

Kforce Stock Performance

Shares of NASDAQ:KFRC traded up $0.35 during trading on Tuesday, reaching $50.72. 98,190 shares of the company's stock traded hands, compared to its average volume of 109,938. 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 Inc. has a 12 month low of $48.03 and a 12 month high of $72.19. The company has a 50 day moving average of $52.57 and a 200-day moving average of $56.83. The stock has a market capitalization of $969.35 million, a P/E ratio of 18.93 and a beta of 0.83.

Kforce Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 21st. Shareholders of record on Friday, March 7th will be paid a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a yield of 3.08%. This is a positive change from Kforce's previous quarterly dividend of $0.38. The ex-dividend date of this dividend is Friday, March 7th. Kforce's payout ratio is presently 58.21%.

Analysts Set New Price Targets

Separately, StockNews.com raised shares of Kforce from a "hold" rating to a "buy" rating in a research report on Saturday, November 30th.

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.