Proficio Capital Partners LLC Invests $4.95 Million in Kforce Inc. (NASDAQ:KFRC)

Proficio Capital Partners LLC acquired a new stake in shares of Kforce Inc. (NASDAQ:KFRC - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 87,318 shares of the business services provider's stock, valued at approximately $4,951,000. Proficio Capital Partners LLC owned approximately 0.46% of Kforce at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Harbor Capital Advisors Inc. raised its stake in shares of Kforce by 10.6% in the fourth quarter. Harbor Capital Advisors Inc. now owns 9,307 shares of the business services provider's stock valued at $528,000 after acquiring an additional 889 shares during the last quarter. Barclays PLC boosted its stake in Kforce by 171.9% in the 3rd quarter. Barclays PLC now owns 42,166 shares of the business services provider's stock worth $2,591,000 after purchasing an additional 26,657 shares during the period. Geode Capital Management LLC lifted its position in Kforce by 4.0% during the 3rd quarter. Geode Capital Management LLC now owns 480,479 shares of the business services provider's stock worth $29,530,000 after buying an additional 18,386 shares in the last quarter. Intech Investment Management LLC bought a new stake in Kforce during the 3rd quarter worth about $302,000. Finally, Stifel Financial Corp lifted its position in Kforce by 3.0% during the 3rd quarter. Stifel Financial Corp now owns 73,224 shares of the business services provider's stock worth $4,500,000 after buying an additional 2,159 shares in the last quarter. 92.77% of the stock is owned by institutional investors and hedge funds.

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Kforce Trading Down 0.4 %

NASDAQ KFRC traded down $0.18 during mid-day trading on Monday, reaching $50.49. 106,677 shares of the stock were exchanged, compared to its average volume of 109,567. The stock has a market cap of $964.86 million, a P/E ratio of 18.84 and a beta of 0.83. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.06 and a quick ratio of 2.06. Kforce Inc. has a one year low of $48.03 and a one year high of $72.19. The stock has a 50 day simple moving average of $52.57 and a 200-day simple moving average of $56.83.

Kforce Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 21st. Stockholders of record on Friday, March 7th will be issued a dividend of $0.39 per share. The ex-dividend date of this dividend is Friday, March 7th. This represents a $1.56 annualized dividend and a dividend yield of 3.09%. This is a positive change from Kforce's previous quarterly dividend of $0.38. Kforce's dividend payout ratio is currently 58.21%.

Analyst Upgrades and Downgrades

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

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.