Kforce (NASDAQ:KFRC) Sets New 12-Month Low - What's Next?

Kforce Inc. (NASDAQ:KFRC - Get Free Report) shares reached a new 52-week low on Monday . The company traded as low as $48.09 and last traded at $48.21, with a volume of 1402 shares. The stock had previously closed at $48.52.

Analysts Set New Price Targets

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

Kforce Stock Performance

The stock has a market cap of $956.41 million, a P/E ratio of 18.67 and a beta of 0.88. The stock has a fifty day simple moving average of $54.19 and a 200-day simple moving average of $58.20. The company has a quick ratio of 2.06, a current ratio of 2.06 and a debt-to-equity ratio of 0.16.

Kforce Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 21st. Investors of record on Friday, March 7th will be paid 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 yield of 3.12%. Kforce's dividend payout ratio (DPR) is presently 58.21%.

Institutional Investors Weigh In On Kforce

Several large investors have recently bought and sold shares of KFRC. TD Private Client Wealth LLC raised its stake 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 worth $30,000 after buying an additional 182 shares during the period. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Kforce in the fourth quarter worth about $42,000. Tower Research Capital LLC TRC raised its position in shares of Kforce by 147.3% during the fourth quarter. Tower Research Capital LLC TRC now owns 1,118 shares of the business services provider's stock worth $63,000 after purchasing an additional 666 shares during the period. Blue Trust Inc. lifted its holdings in shares of Kforce by 259.5% during the 3rd 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 in the last quarter. Finally, PNC Financial Services Group Inc. grew its position in shares of Kforce by 23.5% in the 4th quarter. PNC Financial Services Group Inc. now owns 2,547 shares of the business services provider's stock valued at $144,000 after purchasing an additional 485 shares during the period. Institutional investors own 92.77% of the company's stock.

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About Kforce

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.