Teacher Retirement System of Texas Acquires 50,839 Shares of Kforce Inc. (NASDAQ:KFRC)

Teacher Retirement System of Texas boosted its stake in shares of Kforce Inc. (NASDAQ:KFRC - Free Report) by 84.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 111,170 shares of the business services provider's stock after purchasing an additional 50,839 shares during the period. Teacher Retirement System of Texas owned about 0.58% of Kforce worth $6,303,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in KFRC. 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 valued at $30,000 after acquiring an additional 182 shares during the last quarter. Blue Trust Inc. grew its stake in shares of Kforce by 17.9% during the 4th quarter. Blue Trust Inc. now owns 1,810 shares of the business services provider's stock valued at $111,000 after purchasing an additional 275 shares during the period. PNC Financial Services Group Inc. increased its position in shares of Kforce by 23.5% during the 4th quarter. PNC Financial Services Group Inc. now owns 2,547 shares of the business services provider's stock valued at $144,000 after purchasing an additional 485 shares during the last quarter. Advisors Asset Management Inc. lifted 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 worth $147,000 after purchasing an additional 1,590 shares during the period. Finally, QRG Capital Management Inc. purchased a new position in shares of Kforce in the fourth quarter worth approximately $206,000. Hedge funds and other institutional investors own 92.77% of the company's stock.

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Wall Street Analysts Forecast Growth

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

Kforce Stock Performance

Shares of NASDAQ:KFRC traded up $0.82 during mid-day trading on Thursday, reaching $49.69. 125,119 shares of the company traded hands, compared to its average volume of 111,824. The company's 50 day moving average price is $51.71 and its 200-day moving average price is $56.15. The firm has a market cap of $949.57 million, a PE ratio of 18.54 and a beta of 0.83. Kforce Inc. has a 52 week low of $47.63 and a 52 week high of $71.48. 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 Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 21st. Shareholders of record on Friday, March 7th were given a $0.39 dividend. This is a positive change from Kforce's previous quarterly dividend of $0.38. This represents a $1.56 dividend on an annualized basis and a dividend yield of 3.14%. The ex-dividend date was Friday, March 7th. Kforce's dividend payout ratio is presently 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.