Marshall Wace LLP Makes New Investment in Kforce Inc. (NASDAQ:KFRC)

Marshall Wace LLP acquired a new stake in Kforce Inc. (NASDAQ:KFRC - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 117,866 shares of the business services provider's stock, valued at approximately $6,683,000. Marshall Wace LLP owned approximately 0.62% of Kforce as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the stock. Blue Trust Inc. raised its stake in Kforce by 17.9% in 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 last quarter. PNC Financial Services Group Inc. raised its position 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 buying an additional 485 shares during the last quarter. QRG Capital Management Inc. acquired a new position in shares of Kforce in the fourth quarter valued at approximately $206,000. Callan Family Office LLC purchased a new position in shares of Kforce during the fourth quarter valued at approximately $207,000. Finally, Heritage Family Offices LLP acquired a new stake in Kforce during the fourth quarter worth approximately $258,000. Institutional investors and hedge funds own 92.77% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, Truist Financial cut their price target on Kforce from $58.00 to $50.00 and set a "hold" rating for the company in a report on Tuesday, April 15th.

Kforce Trading Up 0.3 %

NASDAQ KFRC opened at $44.69 on Thursday. The company has a market cap of $854.07 million, a P/E ratio of 16.68 and a beta of 0.76. Kforce Inc. has a 12 month low of $42.11 and a 12 month high of $71.48. 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 company has a 50-day moving average of $48.09 and a 200-day moving average of $53.89.

Kforce Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 21st. Investors of record on Friday, March 7th were given 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 of this dividend was Friday, March 7th. This represents a $1.56 annualized dividend and a yield of 3.49%. Kforce's dividend payout ratio is 58.21%.

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.

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