New South Capital Management Inc. Trims Stock Position in Kforce Inc. (NASDAQ:KFRC)

New South Capital Management Inc. reduced its stake in Kforce Inc. (NASDAQ:KFRC - Free Report) by 4.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 479,112 shares of the business services provider's stock after selling 24,860 shares during the period. Kforce accounts for 1.1% of New South Capital Management Inc.'s holdings, making the stock its 29th biggest holding. New South Capital Management Inc. owned about 2.51% of Kforce worth $27,166,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also modified their holdings of KFRC. TD Private Client Wealth LLC increased its position 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 valued at $30,000 after purchasing an additional 182 shares during the period. Blue Trust Inc. boosted its stake in shares of Kforce by 17.9% during the fourth 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 in the last quarter. Advisors Asset Management Inc. increased its holdings in Kforce by 197.3% during the third quarter. Advisors Asset Management Inc. now owns 2,396 shares of the business services provider's stock valued at $147,000 after buying an additional 1,590 shares during the period. Paloma Partners Management Co bought a new position in Kforce in the third quarter worth approximately $221,000. Finally, QRG Capital Management Inc. purchased a new stake in Kforce during the fourth quarter worth $206,000. 92.77% of the stock is owned by hedge funds and other institutional investors.

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Analyst Upgrades and Downgrades

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

Kforce Stock Up 1.6 %

Kforce stock traded up $0.83 during midday trading on Friday, reaching $51.26. The company's stock had a trading volume of 134,586 shares, compared to its average volume of 120,618. The company has a market cap of $979.61 million, a P/E ratio of 19.13 and a beta of 0.83. 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 business has a 50-day simple moving average of $53.27 and a 200-day simple moving average of $57.55. Kforce Inc. has a fifty-two week low of $48.03 and a fifty-two week high of $74.34.

Kforce Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 21st. Stockholders of record on Friday, March 7th will be issued a $0.39 dividend. This is an increase from Kforce's previous quarterly dividend of $0.38. This represents a $1.56 annualized dividend and a dividend yield of 3.04%. The ex-dividend date of this dividend is Friday, March 7th. Kforce's payout ratio is presently 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.