Kforce (NASDAQ:KFRC) Sets New 52-Week Low - Should You Sell?

Kforce Inc. (NASDAQ:KFRC - Get Free Report)'s stock price reached a new 52-week low on Tuesday . The company traded as low as $49.00 and last traded at $49.36, with a volume of 7258 shares traded. The stock had previously closed at $49.94.

Analyst Ratings Changes

Several analysts have recently issued reports on the stock. Truist Financial lowered their price objective on shares of Kforce from $68.00 to $58.00 and set a "hold" rating for the company in a research note on Tuesday, October 29th. StockNews.com raised Kforce from a "hold" rating to a "buy" rating in a research report on Saturday, November 30th.

Kforce Trading Down 1.3 %

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 business's 50-day simple moving average is $54.70 and its two-hundred day simple moving average is $58.52. The stock has a market capitalization of $925.86 million, a price-to-earnings ratio of 18.11 and a beta of 0.88.

Kforce Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 21st. Investors of record on Friday, March 7th will be issued a dividend of $0.39 per share. This is a positive change from Kforce's previous quarterly dividend of $0.38. The ex-dividend date is Friday, March 7th. This represents a $1.56 annualized dividend and a dividend yield of 3.21%. Kforce's payout ratio is presently 56.72%.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in KFRC. TD Private Client Wealth LLC grew its stake in shares of Kforce by 58.0% in the third quarter. TD Private Client Wealth LLC now owns 496 shares of the business services provider's stock valued at $30,000 after buying an additional 182 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. purchased a new position in Kforce in the 4th quarter worth approximately $42,000. Tower Research Capital LLC TRC grew its position in Kforce by 147.3% in the fourth quarter. Tower Research Capital LLC TRC now owns 1,118 shares of the business services provider's stock valued at $63,000 after acquiring an additional 666 shares in the last quarter. Blue Trust Inc. raised its stake in shares of Kforce by 259.5% during the third quarter. Blue Trust Inc. now owns 1,535 shares of the business services provider's stock valued at $95,000 after purchasing an additional 1,108 shares during the period. Finally, PNC Financial Services Group Inc. lifted its position in shares of Kforce by 23.5% during the fourth quarter. PNC Financial Services Group Inc. now owns 2,547 shares of the business services provider's stock worth $144,000 after purchasing an additional 485 shares in the last quarter. 92.77% of the stock is owned by hedge funds and other institutional investors.

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.