Kforce Inc. (NASDAQ:KFRC - Get Free Report)'s stock price hit a new 52-week low on Wednesday . The company traded as low as $43.30 and last traded at $43.71, with a volume of 129520 shares. The stock had previously closed at $45.05.
Kforce Price Performance
The firm has a market cap of $879.68 million, a PE ratio of 17.18 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 business's fifty day moving average is $49.19 and its 200-day moving average is $54.64.
Kforce Increases Dividend
The firm 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. The ex-dividend date of this dividend was Friday, March 7th. This represents a $1.56 annualized dividend and a dividend yield of 3.39%. This is a positive change from Kforce's previous quarterly dividend of $0.38. Kforce's payout ratio is 58.21%.
Institutional Investors Weigh In On Kforce
Institutional investors have recently made changes to their positions in the stock. Annex Advisory Services LLC raised its stake in shares of Kforce by 57.5% during the 1st quarter. Annex Advisory Services LLC now owns 30,621 shares of the business services provider's stock valued at $1,497,000 after purchasing an additional 11,185 shares during the period. Heritage Family Offices LLP boosted its position in shares of Kforce by 21.7% in the first quarter. Heritage Family Offices LLP now owns 5,545 shares of the business services provider's stock valued at $271,000 after acquiring an additional 987 shares during the period. Rhumbline Advisers grew its stake in Kforce by 18.1% during the first quarter. Rhumbline Advisers now owns 47,349 shares of the business services provider's stock valued at $2,315,000 after acquiring an additional 7,256 shares in the last quarter. GAMMA Investing LLC increased its holdings in Kforce by 21,725.0% during the 1st quarter. GAMMA Investing LLC now owns 6,111 shares of the business services provider's stock worth $299,000 after acquiring an additional 6,083 shares during the period. Finally, Wellington Management Group LLP lifted its stake in Kforce by 36.3% in the 4th quarter. Wellington Management Group LLP now owns 297,111 shares of the business services provider's stock worth $16,846,000 after purchasing an additional 79,100 shares in the last quarter. Hedge funds and other institutional investors own 92.77% of the company's stock.
Kforce Company Profile
(
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.
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