Free Trial

Tributary Capital Management LLC Grows Stock Position in Kforce Inc. (NASDAQ:KFRC)

Kforce logo with Business Services background

Tributary Capital Management LLC boosted its stake in shares of Kforce Inc. (NASDAQ:KFRC - Free Report) by 38.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 422,930 shares of the business services provider's stock after buying an additional 117,231 shares during the period. Kforce makes up about 1.9% of Tributary Capital Management LLC's investment portfolio, making the stock its 17th largest holding. Tributary Capital Management LLC owned 2.22% of Kforce worth $23,980,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. boosted its holdings in shares of Kforce by 2.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 719,163 shares of the business services provider's stock valued at $44,193,000 after acquiring an additional 17,087 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 worth $29,530,000 after acquiring an additional 18,386 shares during the period. Wellington Management Group LLP increased its position in Kforce by 6.7% during 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 acquiring an additional 13,631 shares during the last quarter. Hotchkis & Wiley Capital Management LLC lifted its holdings in 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 acquiring an additional 41,180 shares during the period. Finally, Raymond James & Associates grew its stake in shares of Kforce by 3.8% during the 3rd quarter. Raymond James & Associates now owns 98,253 shares of the business services provider's stock valued at $6,038,000 after purchasing an additional 3,560 shares during the period. Hedge funds and other institutional investors own 92.77% of the company's stock.

Kforce Trading Down 0.1 %

Shares of NASDAQ:KFRC traded down $0.07 during trading on Friday, hitting $55.73. The company had a trading volume of 70,107 shares, compared to its average volume of 65,613. The stock has a market cap of $1.06 billion, a price-to-earnings ratio of 19.22 and a beta of 0.89. The company has a fifty day simple moving average of $57.71 and a two-hundred day simple moving average of $60.41. Kforce Inc. has a one year low of $52.96 and a one year high of $74.79. 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 (NASDAQ:KFRC - Get Free Report) last issued its quarterly earnings results on Monday, October 28th. The business services provider reported $0.75 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.69 by $0.06. The firm had revenue of $353.30 million during the quarter, compared to analyst estimates of $352.19 million. Kforce had a return on equity of 33.50% and a net margin of 3.86%. Kforce's quarterly revenue was down 5.3% compared to the same quarter last year. During the same period last year, the company earned $0.90 EPS. As a group, equities analysts forecast that Kforce Inc. will post 2.68 earnings per share for the current year.

Kforce Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 20th. Investors of record on Friday, December 6th were paid a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a yield of 2.73%. The ex-dividend date of this dividend was Friday, December 6th. Kforce's dividend payout ratio (DPR) is 52.41%.

Analysts Set New Price Targets

A number of brokerages recently commented on KFRC. StockNews.com raised Kforce from a "hold" rating to a "buy" rating in a report on Saturday, November 30th. Sidoti upgraded Kforce from a "neutral" rating to a "buy" rating and set a $71.00 target price on the stock in a research report on Tuesday, October 15th. Finally, Truist Financial reduced their price objective on Kforce from $68.00 to $58.00 and set a "hold" rating on the stock in a research note on Tuesday, October 29th.

View Our Latest Stock Report on KFRC

Kforce Company Profile

(Free Report)

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.

Featured Stories

Institutional Ownership by Quarter for Kforce (NASDAQ:KFRC)

Should You Invest $1,000 in Kforce Right Now?

Before you consider Kforce, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Kforce wasn't on the list.

While Kforce currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

7 AI Stocks to Invest In: An Introduction to AI Investing For Self-Directed Investors Cover

As the AI market heats up, investors who have a vision for artificial intelligence have the potential to see real returns. Learn about the industry as a whole as well as seven companies that are getting work done with the power of AI.

Get This Free Report
Like this article? Share it with a colleague.

Featured Articles and Offers

Recent Videos

NVIDIA Earnings: Will it Spark a Rally or Trigger a Sell-Off?
Marjorie Taylor Greene Bought THOUSANDS in Tesla Stock
The EXACT Date of Next Stock Market Crash

Stock Lists

All Stock Lists

Investing Tools

Calendars and Tools

Search Headlines