Kforce Inc. (NASDAQ:KFRC) Position Reduced by Phocas Financial Corp.

Phocas Financial Corp. decreased its stake in shares of Kforce Inc. (NASDAQ:KFRC - Free Report) by 85.0% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 10,533 shares of the business services provider's stock after selling 59,738 shares during the period. Phocas Financial Corp. owned 0.06% of Kforce worth $597,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. TD Private Client Wealth LLC increased its position in Kforce by 58.0% during the third quarter. TD Private Client Wealth LLC now owns 496 shares of the business services provider's stock worth $30,000 after purchasing an additional 182 shares during the last quarter. Access Investment Management LLC increased its position in Kforce by 0.7% during the fourth quarter. Access Investment Management LLC now owns 36,605 shares of the business services provider's stock worth $2,076,000 after purchasing an additional 265 shares during the last quarter. Blue Trust Inc. increased its position in Kforce by 17.9% during the fourth quarter. Blue Trust Inc. now owns 1,810 shares of the business services provider's stock worth $111,000 after purchasing an additional 275 shares during the last quarter. Exchange Traded Concepts LLC increased its position in Kforce by 6.0% during the fourth quarter. Exchange Traded Concepts LLC now owns 5,154 shares of the business services provider's stock worth $292,000 after purchasing an additional 293 shares during the last quarter. Finally, Inspire Investing LLC increased its position in Kforce by 5.9% during the fourth quarter. Inspire Investing LLC now owns 7,067 shares of the business services provider's stock worth $401,000 after purchasing an additional 394 shares during the last quarter. Institutional investors and hedge funds own 92.77% of the company's stock.

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Analyst Ratings Changes

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

Kforce Trading Up 0.1 %

KFRC traded up $0.05 during trading on Friday, hitting $50.04. 150,138 shares of the company's stock were exchanged, compared to its average volume of 114,521. The company has a current ratio of 2.06, a quick ratio of 2.06 and a debt-to-equity ratio of 0.16. Kforce Inc. has a 1 year low of $48.03 and a 1 year high of $74.79. The stock has a 50 day moving average price of $53.94 and a 200 day moving average price of $58.06. The firm has a market cap of $956.39 million, a P/E ratio of 18.67 and a beta of 0.88.

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 paid a $0.39 dividend. The ex-dividend date is Friday, March 7th. 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 3.12%. Kforce's dividend payout ratio is 58.21%.

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.