Kforce Inc. (NASDAQ:KFRC) Shares Sold by Natixis Advisors LLC

Natixis Advisors LLC cut its position in Kforce Inc. (NASDAQ:KFRC - Free Report) by 88.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 12,168 shares of the business services provider's stock after selling 94,934 shares during the period. Natixis Advisors LLC owned 0.06% of Kforce worth $690,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. TD Private Client Wealth LLC lifted its holdings in 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 buying an additional 182 shares during the last quarter. Atria Investments Inc raised its holdings in Kforce by 3.1% during the fourth quarter. Atria Investments Inc now owns 7,058 shares of the business services provider's stock worth $400,000 after purchasing an additional 209 shares in the last quarter. Access Investment Management LLC lifted its position in shares of Kforce by 0.7% during the 4th quarter. Access Investment Management LLC now owns 36,605 shares of the business services provider's stock worth $2,076,000 after buying an additional 265 shares during the last quarter. Blue Trust Inc. boosted its holdings in shares of 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 buying an additional 275 shares in the last quarter. Finally, Exchange Traded Concepts LLC grew its position in shares of Kforce by 6.0% in the 4th quarter. Exchange Traded Concepts LLC now owns 5,154 shares of the business services provider's stock valued at $292,000 after buying an additional 293 shares during the last quarter. 92.77% of the stock is currently owned by institutional investors and hedge funds.

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Analysts Set New Price Targets

Separately, StockNews.com upgraded shares of Kforce from a "hold" rating to a "buy" rating in a research note on Saturday, November 30th.

Kforce Stock Performance

NASDAQ KFRC traded down $0.49 during trading on Friday, reaching $49.03. The company's stock had a trading volume of 70,268 shares, compared to its average volume of 115,407. The business's fifty day moving average price is $51.43 and its 200-day moving average price is $55.91. Kforce Inc. has a twelve month low of $47.63 and a twelve month high of $71.48. The company has a debt-to-equity ratio of 0.16, a quick ratio of 2.06 and a current ratio of 2.06. The firm has a market cap of $937.09 million, a price-to-earnings ratio of 18.30 and a beta of 0.83.

Kforce Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 21st. Stockholders of record on Friday, March 7th were issued a $0.39 dividend. This is a boost from Kforce's previous quarterly dividend of $0.38. This represents a $1.56 annualized dividend and a dividend yield of 3.18%. The ex-dividend date was Friday, March 7th. Kforce's dividend payout ratio (DPR) is currently 58.21%.

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.