BNP Paribas Financial Markets Raises Stock Position in Kforce Inc. (NASDAQ:KFRC)

BNP Paribas Financial Markets increased its holdings in shares of Kforce Inc. (NASDAQ:KFRC - Free Report) by 100.7% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 17,061 shares of the business services provider's stock after acquiring an additional 8,561 shares during the period. BNP Paribas Financial Markets owned approximately 0.09% of Kforce worth $1,048,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the business. Blue Trust Inc. lifted 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 worth $27,000 after buying an additional 160 shares in the last quarter. Azzad Asset Management Inc. ADV grew its position in shares of Kforce by 1.5% in the third quarter. Azzad Asset Management Inc. ADV now owns 13,189 shares of the business services provider's stock valued at $810,000 after purchasing an additional 192 shares in the last quarter. SummerHaven Investment Management LLC increased its holdings in shares of Kforce by 2.1% in the second quarter. SummerHaven Investment Management LLC now owns 12,107 shares of the business services provider's stock valued at $752,000 after purchasing an additional 247 shares during the last quarter. nVerses Capital LLC lifted its position in Kforce by 50.0% during the second quarter. nVerses Capital LLC now owns 900 shares of the business services provider's stock worth $56,000 after buying an additional 300 shares in the last quarter. Finally, Access Investment Management LLC boosted its stake in Kforce by 0.8% during the second quarter. Access Investment Management LLC now owns 36,275 shares of the business services provider's stock worth $2,254,000 after buying an additional 300 shares during the last quarter. 92.77% of the stock is currently owned by institutional investors and hedge funds.

Kforce Trading Down 1.0 %

NASDAQ KFRC traded down $0.62 during trading hours on Wednesday, reaching $60.08. The company had a trading volume of 104,062 shares, compared to its average volume of 113,696. Kforce Inc. has a 1-year low of $52.96 and a 1-year high of $74.79. The stock has a market capitalization of $1.15 billion, a P/E ratio of 20.92 and a beta of 0.88. The stock has a 50-day moving average of $58.28 and a 200 day moving average of $61.54. 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 (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 during the quarter, compared to analysts' expectations 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 quarter in the previous year, the business posted $0.90 earnings per share. As a group, research analysts anticipate that Kforce Inc. will post 2.68 earnings per share for the current fiscal year.

Kforce Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Friday, December 6th will be paid a $0.38 dividend. The ex-dividend date is Friday, December 6th. This represents a $1.52 dividend on an annualized basis and a yield of 2.53%. Kforce's dividend payout ratio is currently 52.41%.

Analysts Set New Price Targets

A number of analysts have issued reports on KFRC shares. Sidoti raised 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. StockNews.com upgraded shares of Kforce from a "hold" rating to a "buy" rating in a report on Saturday, November 30th. Finally, Truist Financial cut their price target on shares of Kforce from $68.00 to $58.00 and set a "hold" rating for the company in a report on Tuesday, October 29th.

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.