Kforce Inc. (NASDAQ:KFRC) Holdings Cut by Wells Fargo & Company MN

Wells Fargo & Company MN lowered its stake in shares of Kforce Inc. (NASDAQ:KFRC - Free Report) by 13.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 249,038 shares of the business services provider's stock after selling 39,056 shares during the quarter. Wells Fargo & Company MN owned about 1.31% of Kforce worth $14,120,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of KFRC. Stifel Financial Corp lifted its holdings in shares of Kforce by 3.0% during the 3rd quarter. Stifel Financial Corp now owns 73,224 shares of the business services provider's stock valued at $4,500,000 after acquiring an additional 2,159 shares in the last quarter. Jane Street Group LLC raised its holdings in shares of Kforce by 210.4% during the 3rd quarter. Jane Street Group LLC now owns 53,255 shares of the business services provider's stock valued at $3,273,000 after buying an additional 36,098 shares during the period. Barclays PLC lifted its position in Kforce by 171.9% during the 3rd quarter. Barclays PLC now owns 42,166 shares of the business services provider's stock worth $2,591,000 after acquiring an additional 26,657 shares in the last quarter. Geode Capital Management LLC boosted its holdings 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 valued at $29,530,000 after buying an additional 18,386 shares during the period. Finally, TD Private Client Wealth LLC boosted its position in Kforce by 58.0% during the 3rd quarter. TD Private Client Wealth LLC now owns 496 shares of the business services provider's stock valued at $30,000 after purchasing an additional 182 shares during the period. 92.77% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, Truist Financial cut their price objective on shares of Kforce from $58.00 to $50.00 and set a "hold" rating on the stock in a research report on Tuesday.

Kforce Price Performance

Shares of NASDAQ KFRC traded down $0.58 during midday trading on Friday, reaching $44.15. The company's stock had a trading volume of 138,450 shares, compared to its average volume of 120,453. The company has a market cap of $843.81 million, a price-to-earnings ratio of 16.48 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 50 day moving average price of $48.59 and a 200 day moving average price of $54.28. 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 Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 21st. Stockholders of record on Friday, March 7th were issued a dividend of $0.39 per share. The ex-dividend date was Friday, March 7th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 3.53%. This is a positive change from Kforce's previous quarterly dividend of $0.38. Kforce's payout ratio is currently 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.