90,755 Shares in Kforce Inc. (NASDAQ:KFRC) Bought by Raymond James Financial Inc.

Raymond James Financial Inc. purchased a new stake in shares of Kforce Inc. (NASDAQ:KFRC - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 90,755 shares of the business services provider's stock, valued at approximately $5,146,000. Raymond James Financial Inc. owned 0.48% of Kforce as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also modified their holdings of the company. TD Private Client Wealth LLC boosted its stake 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. grew its holdings in Kforce by 17.9% in the 4th quarter. Blue Trust Inc. now owns 1,810 shares of the business services provider's stock worth $111,000 after buying an additional 275 shares in the last quarter. Advisors Asset Management Inc. increased its position in Kforce by 197.3% in the 3rd quarter. Advisors Asset Management Inc. now owns 2,396 shares of the business services provider's stock valued at $147,000 after acquiring an additional 1,590 shares during the period. QRG Capital Management Inc. bought a new stake in Kforce during the 4th quarter valued at $206,000. Finally, Paloma Partners Management Co acquired a new position in Kforce during the 3rd quarter worth $221,000. Institutional investors own 92.77% of the company's stock.

Wall Street Analyst Weigh In

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

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Kforce Price Performance

NASDAQ KFRC traded down $1.01 on Friday, reaching $48.52. 7,637 shares of the stock traded hands, compared to its average volume of 115,167. Kforce Inc. has a 12 month low of $47.63 and a 12 month high of $71.48. The company has a market cap of $927.17 million, a price-to-earnings ratio of 18.10 and a beta of 0.83. The firm's fifty day simple moving average is $51.58 and its 200 day simple moving average is $56.10. The company has a quick ratio of 2.06, a current ratio of 2.06 and a debt-to-equity ratio of 0.16.

Kforce Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 21st. Stockholders of record on Friday, March 7th were given a dividend of $0.39 per share. This is a positive change from Kforce's previous quarterly dividend of $0.38. The ex-dividend date was Friday, March 7th. This represents a $1.56 annualized dividend and a dividend yield of 3.22%. Kforce's dividend payout ratio (DPR) 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.