Dimensional Fund Advisors LP Has $43.10 Million Position in Kforce Inc. (NASDAQ:KFRC)

Dimensional Fund Advisors LP trimmed its stake in shares of Kforce Inc. (NASDAQ:KFRC - Free Report) by 5.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 693,700 shares of the business services provider's stock after selling 43,304 shares during the period. Dimensional Fund Advisors LP owned approximately 3.58% of Kforce worth $43,099,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Blue Trust Inc. lifted its holdings in Kforce by 59.9% in the second quarter. Blue Trust Inc. now owns 427 shares of the business services provider's stock valued at $27,000 after buying an additional 160 shares during the period. Benjamin F. Edwards & Company Inc. lifted its holdings in Kforce by 487.7% in the first quarter. Benjamin F. Edwards & Company Inc. now owns 670 shares of the business services provider's stock valued at $47,000 after buying an additional 556 shares during the period. nVerses Capital LLC lifted its holdings in Kforce by 50.0% in the second quarter. nVerses Capital LLC now owns 900 shares of the business services provider's stock valued at $56,000 after buying an additional 300 shares during the period. Avantax Advisory Services Inc. bought a new stake in Kforce in the first quarter valued at approximately $208,000. Finally, Virtu Financial LLC bought a new stake in Kforce in the fourth quarter valued at approximately $207,000. 92.77% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, StockNews.com raised shares of Kforce from a "hold" rating to a "buy" rating in a research note on Thursday, August 1st. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat, Kforce has a consensus rating of "Hold" and a consensus price target of $68.00.

Kforce Trading Down 1.5 %

NASDAQ:KFRC traded down $0.92 during trading hours on Tuesday, hitting $60.53. The stock had a trading volume of 140,753 shares, compared to its average volume of 98,528. The business's 50 day moving average is $64.24 and its 200-day moving average is $64.20. The company has a debt-to-equity ratio of 0.22, a quick ratio of 2.33 and a current ratio of 2.33. Kforce Inc. has a one year low of $55.55 and a one year high of $74.79. The company has a market cap of $1.18 billion, a price-to-earnings ratio of 20.94 and a beta of 0.88.

Kforce (NASDAQ:KFRC - Get Free Report) last issued its quarterly earnings data on Monday, July 29th. The business services provider reported $0.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.73 by $0.02. Kforce had a net margin of 3.56% and a return on equity of 34.89%. The company had revenue of $356.32 million during the quarter, compared to the consensus estimate of $356.20 million. During the same quarter in the prior year, the firm earned $0.95 earnings per share. The firm's revenue was down 8.4% compared to the same quarter last year. Sell-side analysts anticipate that Kforce Inc. will post 2.7 EPS for the current fiscal year.

Kforce Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Friday, September 13th were given a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a dividend yield of 2.51%. The ex-dividend date was Friday, September 13th. Kforce's dividend payout ratio is 52.60%.

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.