Trust Point Inc. Has $268,000 Stock Holdings in Kforce Inc. (NASDAQ:KFRC)

Trust Point Inc. trimmed its holdings in shares of Kforce Inc. (NASDAQ:KFRC - Free Report) by 62.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,724 shares of the business services provider's stock after selling 7,773 shares during the period. Trust Point Inc.'s holdings in Kforce were worth $268,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. TD Private Client Wealth LLC raised its position 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. grew its stake in shares of Kforce by 17.9% during the fourth quarter. Blue Trust Inc. now owns 1,810 shares of the business services provider's stock worth $111,000 after purchasing an additional 275 shares during the period. Exchange Traded Concepts LLC increased its holdings in Kforce by 6.0% in the fourth quarter. Exchange Traded Concepts LLC now owns 5,154 shares of the business services provider's stock valued at $292,000 after purchasing an additional 293 shares during the last quarter. The Manufacturers Life Insurance Company increased its holdings in Kforce by 4.1% in the second quarter. The Manufacturers Life Insurance Company now owns 9,508 shares of the business services provider's stock valued at $591,000 after purchasing an additional 373 shares during the last quarter. Finally, Inspire Investing LLC lifted its stake in Kforce by 5.9% in the fourth quarter. Inspire Investing LLC now owns 7,067 shares of the business services provider's stock valued at $401,000 after buying an additional 394 shares during the period. 92.77% of the stock is owned by institutional investors.

Kforce Stock Down 0.5 %

Shares of NASDAQ KFRC traded down $0.25 during mid-day trading on Monday, reaching $51.36. 110,336 shares of the company's stock were exchanged, compared to its average volume of 105,748. The company has a current ratio of 2.06, a quick ratio of 2.06 and a debt-to-equity ratio of 0.16. The business has a fifty day simple moving average of $56.63 and a 200 day simple moving average of $59.51. Kforce Inc. has a twelve month low of $51.11 and a twelve month high of $74.79. The firm has a market capitalization of $979.95 million, a price-to-earnings ratio of 19.16 and a beta of 0.88.

Kforce Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 21st. Shareholders of record on Friday, March 7th will be paid a $0.39 dividend. The ex-dividend date of this dividend is Friday, March 7th. This represents a $1.56 dividend on an annualized basis and a yield of 3.04%. This is a positive change from Kforce's previous quarterly dividend of $0.38. Kforce's payout ratio is presently 56.72%.

Wall Street Analysts Forecast Growth

KFRC has been the subject of several analyst reports. StockNews.com upgraded Kforce from a "hold" rating to a "buy" rating in a research report on Saturday, November 30th. Sidoti raised shares of Kforce from a "neutral" rating to a "buy" rating and set a $71.00 target price for the company in a research note on Tuesday, October 15th. Finally, Truist Financial cut 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.

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.