SG Americas Securities LLC Has $161,000 Holdings in Kforce Inc. (NASDAQ:KFRC)

SG Americas Securities LLC cut its holdings in Kforce Inc. (NASDAQ:KFRC - Free Report) by 69.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,839 shares of the business services provider's stock after selling 6,388 shares during the quarter. SG Americas Securities LLC's holdings in Kforce were worth $161,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in KFRC. Kathleen S. Wright Associates Inc. acquired a new stake in shares of Kforce in the 3rd quarter valued at $30,000. TD Private Client Wealth LLC increased its holdings in shares of 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 acquiring an additional 182 shares during the last quarter. Blue Trust Inc. increased its holdings in shares of Kforce by 259.5% during the 3rd quarter. Blue Trust Inc. now owns 1,535 shares of the business services provider's stock valued at $95,000 after acquiring an additional 1,108 shares during the last quarter. Advisors Asset Management Inc. raised its stake in shares of 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 in the last quarter. Finally, Sanctuary Advisors LLC acquired a new stake in Kforce in the 2nd quarter worth approximately $211,000. 92.77% of the stock is owned by institutional investors.

Kforce Stock Performance

Shares of KFRC stock traded up $0.53 during trading hours on Thursday, reaching $50.33. 129,739 shares of the company's stock were exchanged, compared to its average volume of 108,763. Kforce Inc. has a fifty-two week low of $49.56 and a fifty-two week high of $74.79. 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 stock has a market capitalization of $960.37 million, a P/E ratio of 18.78 and a beta of 0.88. The business has a fifty day moving average price of $56.21 and a 200-day moving average price of $59.33.

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. This is an increase from Kforce's previous quarterly dividend of $0.38. The ex-dividend date is Friday, March 7th. This represents a $1.56 annualized dividend and a dividend yield of 3.10%. Kforce's payout ratio is presently 56.72%.

Analysts Set New Price Targets

A number of equities analysts have recently commented on KFRC shares. StockNews.com raised shares of Kforce from a "hold" rating to a "buy" rating in a research report on Saturday, November 30th. Truist Financial dropped their target price on shares of Kforce from $68.00 to $58.00 and set a "hold" rating on the stock in a report on Tuesday, October 29th.

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.