Kforce Inc. (NASDAQ:KFRC) Shares Bought by Trexquant Investment LP

Trexquant Investment LP boosted its stake in shares of Kforce Inc. (NASDAQ:KFRC - Free Report) by 271.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 78,283 shares of the business services provider's stock after buying an additional 57,187 shares during the period. Trexquant Investment LP owned approximately 0.41% of Kforce worth $4,439,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of KFRC. Tributary Capital Management LLC raised its stake in Kforce by 38.3% during the 4th quarter. Tributary Capital Management LLC now owns 422,930 shares of the business services provider's stock valued at $23,980,000 after buying an additional 117,231 shares during the last quarter. Raymond James Financial Inc. bought a new stake in Kforce in the 4th quarter valued at $5,146,000. Proficio Capital Partners LLC bought a new position in Kforce during the fourth quarter valued at approximately $4,951,000. Wellington Management Group LLP increased its holdings in shares of Kforce by 36.3% in the 4th quarter. Wellington Management Group LLP now owns 297,111 shares of the business services provider's stock worth $16,846,000 after buying an additional 79,100 shares during the last quarter. Finally, Teacher Retirement System of Texas lifted its stake in Kforce by 84.3% in the fourth quarter. Teacher Retirement System of Texas now owns 111,170 shares of the business services provider's stock worth $6,303,000 after purchasing an additional 50,839 shares during the last quarter. 92.77% of the stock is currently owned by institutional investors.

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Kforce Stock Down 2.7 %

NASDAQ KFRC traded down $1.25 on Thursday, reaching $44.85. 24,517 shares of the stock traded hands, compared to its average volume of 117,943. The company has a debt-to-equity ratio of 0.16, a quick ratio of 2.06 and a current ratio of 2.06. The company has a market cap of $857.05 million, a price-to-earnings ratio of 16.73 and a beta of 0.76. The company has a fifty day moving average price of $49.52 and a 200-day moving average price of $54.90. Kforce Inc. has a 12 month low of $42.11 and a 12 month high of $71.48.

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 $0.39 dividend. This is a boost from Kforce's previous quarterly dividend of $0.38. The ex-dividend date of this dividend was Friday, March 7th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 3.48%. Kforce's dividend payout ratio (DPR) is presently 58.21%.

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.