Kforce Inc. (NASDAQ:KFRC - Get Free Report)'s stock price hit a new 52-week low during mid-day trading on Friday . The stock traded as low as $47.63 and last traded at $47.70, with a volume of 49371 shares traded. The stock had previously closed at $49.21.
Wall Street Analysts Forecast Growth
Separately, StockNews.com upgraded Kforce from a "hold" rating to a "buy" rating in a research note on Saturday, November 30th.
Get Our Latest Research Report on KFRC
Kforce Stock Down 0.3 %
The firm has a market cap of $934.43 million, a P/E ratio of 18.24 and a beta of 0.83. The business's fifty day moving average price is $52.01 and its two-hundred day moving average price is $56.30. 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 business also recently announced a quarterly dividend, which was paid on Friday, March 21st. Shareholders of record on Friday, March 7th were given 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 yield of 3.19%. This is a boost from Kforce's previous quarterly dividend of $0.38. Kforce's dividend payout ratio is presently 58.21%.
Hedge Funds Weigh In On Kforce
A number of institutional investors have recently modified their holdings of the company. TD Private Client Wealth LLC raised its holdings in Kforce by 58.0% in the 3rd quarter. TD Private Client Wealth LLC now owns 496 shares of the business services provider's stock worth $30,000 after acquiring an additional 182 shares during the period. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Kforce in the fourth quarter worth about $42,000. Tower Research Capital LLC TRC lifted its position in shares of Kforce by 147.3% during the 4th 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 last quarter. Blue Trust Inc. boosted its stake in Kforce by 17.9% during the 4th quarter. Blue Trust Inc. now owns 1,810 shares of the business services provider's stock valued at $111,000 after purchasing an additional 275 shares during the period. Finally, PNC Financial Services Group Inc. grew its holdings in 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 buying an additional 485 shares during 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.
Featured Stories
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
Wondering where to start (or end) with AI stocks? These 10 simple stocks can help investors build long-term wealth as artificial intelligence continues to grow into the future.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
