MQS Management LLC Takes $695,000 Position in Kforce Inc. (NASDAQ:KFRC)

MQS Management LLC bought a new stake in Kforce Inc. (NASDAQ:KFRC - Free Report) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 11,305 shares of the business services provider's stock, valued at approximately $695,000. MQS Management LLC owned approximately 0.06% of Kforce as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently bought and sold shares of the company. Kayne Anderson Rudnick Investment Management LLC raised its stake in shares of Kforce by 0.6% during the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 2,402,035 shares of the business services provider's stock worth $149,238,000 after purchasing an additional 13,706 shares in the last quarter. Vaughan Nelson Investment Management L.P. raised its stake in shares of Kforce by 3.3% during the 2nd quarter. Vaughan Nelson Investment Management L.P. now owns 756,788 shares of the business services provider's stock worth $47,020,000 after purchasing an additional 23,920 shares in the last quarter. Tributary Capital Management LLC raised its stake in shares of Kforce by 0.3% during the 2nd quarter. Tributary Capital Management LLC now owns 307,103 shares of the business services provider's stock worth $19,080,000 after purchasing an additional 915 shares in the last quarter. Bank of New York Mellon Corp raised its stake in shares of Kforce by 5.1% during the 2nd quarter. Bank of New York Mellon Corp now owns 148,492 shares of the business services provider's stock worth $9,226,000 after purchasing an additional 7,214 shares in the last quarter. Finally, Raymond James & Associates raised its stake in shares of Kforce by 3.8% during the 3rd quarter. Raymond James & Associates now owns 98,253 shares of the business services provider's stock worth $6,038,000 after purchasing an additional 3,560 shares in the last quarter. Institutional investors own 92.77% of the company's stock.

Kforce Price Performance

Shares of KFRC traded down $0.33 during trading hours on Wednesday, hitting $60.69. 124,563 shares of the company were exchanged, compared to its average volume of 113,372. The company has a market cap of $1.16 billion, a price-to-earnings ratio of 21.04 and a beta of 0.88. Kforce Inc. has a fifty-two week low of $52.96 and a fifty-two week high of $74.79. The company has a quick ratio of 2.06, a current ratio of 2.06 and a debt-to-equity ratio of 0.16. The firm's fifty day moving average is $59.26 and its 200 day moving average is $62.07.

Kforce (NASDAQ:KFRC - Get Free Report) last released its earnings results on Monday, October 28th. The business services provider reported $0.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.69 by $0.06. The company had revenue of $353.30 million for the quarter, compared to analyst estimates of $352.19 million. Kforce had a return on equity of 33.50% and a net margin of 3.86%. Kforce's quarterly revenue was down 5.3% on a year-over-year basis. During the same period in the prior year, the firm posted $0.90 EPS. On average, equities analysts anticipate that Kforce Inc. will post 2.68 earnings per share for the current fiscal year.

Kforce Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Friday, December 6th will be given a dividend of $0.38 per share. The ex-dividend date of this dividend is Friday, December 6th. This represents a $1.52 annualized dividend and a dividend yield of 2.50%. Kforce's dividend payout ratio is currently 52.41%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on KFRC shares. Truist Financial dropped their price objective on Kforce from $68.00 to $58.00 and set a "hold" rating on the stock in a research note on Tuesday, October 29th. StockNews.com cut Kforce from a "buy" rating to a "hold" rating in a research note on Thursday, October 31st. Finally, Sidoti upgraded Kforce from a "neutral" rating to a "buy" rating and set a $71.00 price objective on the stock in a research note on Tuesday, October 15th. Two equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $66.67.

Kforce Profile

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.