Proficio Capital Partners LLC Acquires Shares of 87,318 Kforce Inc. (NASDAQ:KFRC)

Proficio Capital Partners LLC acquired a new position in shares of Kforce Inc. (NASDAQ:KFRC - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 87,318 shares of the business services provider's stock, valued at approximately $4,951,000. Proficio Capital Partners LLC owned 0.46% of Kforce as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in KFRC. Charles Schwab Investment Management Inc. raised its position in shares of Kforce by 5.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 758,963 shares of the business services provider's stock valued at $43,033,000 after buying an additional 39,800 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of Kforce by 4.0% in the third quarter. Geode Capital Management LLC now owns 480,479 shares of the business services provider's stock valued at $29,530,000 after purchasing an additional 18,386 shares during the period. Tributary Capital Management LLC grew its holdings in shares of Kforce by 38.3% in the fourth quarter. Tributary Capital Management LLC now owns 422,930 shares of the business services provider's stock valued at $23,980,000 after purchasing an additional 117,231 shares during the period. Wellington Management Group LLP grew its holdings in shares of Kforce by 6.7% in the third quarter. Wellington Management Group LLP now owns 218,011 shares of the business services provider's stock valued at $13,397,000 after purchasing an additional 13,631 shares during the period. Finally, Hotchkis & Wiley Capital Management LLC grew its holdings in shares of Kforce by 28.4% in the third quarter. Hotchkis & Wiley Capital Management LLC now owns 186,016 shares of the business services provider's stock valued at $11,431,000 after purchasing an additional 41,180 shares during the period. 92.77% of the stock is currently owned by institutional investors and hedge funds.

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Kforce Trading Up 0.0 %

KFRC stock traded up $0.02 during mid-day trading on Tuesday, hitting $50.39. 23,252 shares of the company were exchanged, compared to its average volume of 122,378. 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 firm has a market capitalization of $962.91 million, a P/E ratio of 18.80 and a beta of 0.83. The business has a fifty day simple moving average of $52.57 and a 200-day simple moving average of $56.83. Kforce Inc. has a 12-month low of $48.03 and a 12-month high of $72.19.

Kforce Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 21st. Shareholders of record on Friday, March 7th will be given 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 dividend on an annualized basis and a dividend yield of 3.10%. Kforce's dividend payout ratio is currently 58.21%.

Analyst Ratings Changes

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

Kforce Company 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.