Kforce Inc. (NASDAQ:KFRC - Get Free Report) hit a new 52-week low during mid-day trading on Thursday . The company traded as low as $47.22 and last traded at $47.23, with a volume of 46911 shares trading hands. The stock had previously closed at $49.86.
Kforce Price Performance
The firm has a market cap of $835.25 million, a P/E ratio of 16.31 and a beta of 0.76. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.06 and a quick ratio of 2.06. The firm's 50 day moving average is $49.92 and its 200 day moving average is $55.08.
Kforce Increases Dividend
The business also recently declared a quarterly dividend, which was paid on Friday, March 21st. Stockholders of record on Friday, March 7th were given a $0.39 dividend. This is a boost from Kforce's previous quarterly dividend of $0.38. This represents a $1.56 dividend on an annualized basis and a dividend yield of 3.57%. The ex-dividend date of this dividend was Friday, March 7th. Kforce's payout ratio is currently 58.21%.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently added to or reduced their stakes in KFRC. BNP Paribas Financial Markets increased its holdings in shares of Kforce by 100.7% during the third quarter. BNP Paribas Financial Markets now owns 17,061 shares of the business services provider's stock valued at $1,048,000 after acquiring an additional 8,561 shares in the last quarter. Verition Fund Management LLC bought a new stake in Kforce during the 3rd quarter valued at about $350,000. Stifel Financial Corp increased its stake in 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 purchasing an additional 2,159 shares in the last quarter. Wellington Management Group LLP raised its holdings 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 worth $13,397,000 after buying an additional 13,631 shares during the last quarter. Finally, Jane Street Group LLC lifted its stake in shares of Kforce by 210.4% in the third quarter. Jane Street Group LLC now owns 53,255 shares of the business services provider's stock worth $3,273,000 after buying an additional 36,098 shares in the last quarter. Institutional investors own 92.77% of the company's stock.
About Kforce
(
Get Free Report)
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.
See Also
Before you consider Kforce, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Kforce wasn't on the list.
While Kforce currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Looking for the next FAANG stock before everyone has heard about it? Enter your email address to see which stocks MarketBeat analysts think might become the next trillion dollar tech company.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
