KLP Kapitalforvaltning AS purchased a new position in shares of Kforce Inc. (NASDAQ:KFRC - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 12,200 shares of the business services provider's stock, valued at approximately $692,000. KLP Kapitalforvaltning AS owned 0.06% of Kforce as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors have also recently bought and sold shares of the business. TD Private Client Wealth LLC boosted its stake in shares of 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 acquiring an additional 182 shares during the period. Blue Trust Inc. boosted its position in Kforce by 17.9% during the fourth quarter. Blue Trust Inc. now owns 1,810 shares of the business services provider's stock worth $111,000 after purchasing an additional 275 shares during the period. PNC Financial Services Group Inc. increased its holdings in shares of Kforce by 23.5% in the fourth 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 last quarter. QRG Capital Management Inc. bought a new position in shares of Kforce in the fourth quarter valued at about $206,000. Finally, Callan Family Office LLC acquired a new stake in shares of Kforce during the 4th quarter worth about $207,000. Institutional investors and hedge funds own 92.77% of the company's stock.
Kforce Stock Performance
KFRC traded down $0.48 on Friday, reaching $46.76. The company had a trading volume of 155,393 shares, compared to its average volume of 116,925. The stock has a market cap of $893.55 million, a P/E ratio of 17.45 and a beta of 0.76. The company has a debt-to-equity ratio of 0.16, a quick ratio of 2.06 and a current ratio of 2.06. Kforce Inc. has a fifty-two week low of $45.87 and a fifty-two week high of $71.48. The company's fifty day moving average is $50.65 and its 200 day moving average is $55.42.
Kforce Increases Dividend
The company also recently disclosed a quarterly dividend, which was paid on Friday, March 21st. Shareholders of record on Friday, March 7th were issued a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a yield of 3.34%. This is a positive change from Kforce's previous quarterly dividend of $0.38. The ex-dividend date was Friday, March 7th. Kforce's dividend payout ratio is currently 58.21%.
Kforce Profile
(
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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