Natixis Advisors LLC Sells 42,316 Shares of Kforce Inc. (NASDAQ:KFRC)

Natixis Advisors LLC cut its stake in shares of Kforce Inc. (NASDAQ:KFRC - Free Report) by 28.3% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 107,102 shares of the business services provider's stock after selling 42,316 shares during the quarter. Natixis Advisors LLC owned 0.56% of Kforce worth $6,582,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently made changes to their positions in the company. Blue Trust Inc. lifted its holdings in Kforce by 59.9% in the 2nd quarter. Blue Trust Inc. now owns 427 shares of the business services provider's stock worth $27,000 after buying an additional 160 shares during the period. Kathleen S. Wright Associates Inc. purchased a new position in Kforce during the 3rd quarter valued at $30,000. 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 worth $56,000 after buying an additional 300 shares during the period. Canada Pension Plan Investment Board bought a new stake in shares of Kforce during the second quarter valued at approximately $68,000. Finally, Benjamin F. Edwards & Company Inc. grew its stake in Kforce by 96.0% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 1,313 shares of the business services provider's stock worth $82,000 after purchasing an additional 643 shares during the period. 92.77% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently commented on KFRC. StockNews.com lowered shares of Kforce from a "buy" rating to a "hold" rating in a research note on Friday. Sidoti upgraded Kforce from a "neutral" rating to a "buy" rating and set a $71.00 price objective for the company in a research note on Tuesday, October 15th. Finally, Truist Financial cut their target price on Kforce from $68.00 to $58.00 and set a "hold" rating on the stock in a research note on Tuesday, October 29th.

Kforce Stock Down 0.3 %

Shares of KFRC stock traded down $0.20 during mid-day trading on Friday, hitting $58.32. The company's stock had a trading volume of 106,154 shares, compared to its average volume of 160,532. The stock has a market cap of $1.11 billion, a price-to-earnings ratio of 20.11 and a beta of 0.88. 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 52-week low of $52.96 and a 52-week high of $74.79. The business has a 50-day moving average price of $58.59 and a 200 day moving average price of $61.82.

Kforce (NASDAQ:KFRC - Get Free Report) last issued its earnings results on Monday, October 28th. The business services provider reported $0.75 earnings per share for the quarter, topping analysts' consensus estimates of $0.69 by $0.06. The business had revenue of $353.30 million during 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 revenue was down 5.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.90 EPS. Research analysts predict that Kforce Inc. will post 2.68 EPS for the current fiscal year.

Kforce Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Friday, December 6th will be paid a $0.38 dividend. The ex-dividend date is Friday, December 6th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 2.61%. Kforce's dividend payout ratio (DPR) is currently 52.41%.

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.