Vanguard Group Inc. Sells 61,756 Shares of Kforce Inc. (NASDAQ:KFRC)

Vanguard Group Inc. lowered its stake in shares of Kforce Inc. (NASDAQ:KFRC - Free Report) by 3.2% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,852,411 shares of the business services provider's stock after selling 61,756 shares during the period. Vanguard Group Inc. owned 9.71% of Kforce worth $105,032,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in KFRC. TD Private Client Wealth LLC lifted its stake in Kforce by 58.0% in 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. lifted its stake in Kforce by 17.9% in 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 last quarter. PNC Financial Services Group Inc. grew its holdings in Kforce by 23.5% during the fourth quarter. PNC Financial Services Group Inc. now owns 2,547 shares of the business services provider's stock worth $144,000 after purchasing an additional 485 shares during the period. QRG Capital Management Inc. acquired a new position in Kforce during the fourth quarter worth approximately $206,000. Finally, Callan Family Office LLC bought a new stake in Kforce in the fourth quarter valued at approximately $207,000. Institutional investors and hedge funds own 92.77% of the company's stock.

Kforce Stock Performance

Shares of Kforce stock traded down $1.28 on Tuesday, hitting $45.04. The stock had a trading volume of 9,105 shares, compared to its average volume of 119,044. The stock has a market cap of $860.66 million, a price-to-earnings ratio of 16.80 and a beta of 0.76. The business's 50 day moving average is $49.03 and its two-hundred day moving average is $54.54. The company has a quick ratio of 2.06, a current ratio of 2.06 and a debt-to-equity ratio of 0.16. Kforce Inc. has a twelve month low of $42.11 and a twelve month high of $71.48.

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Kforce Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 21st. Shareholders of record on Friday, March 7th were given a dividend of $0.39 per share. This is a boost from Kforce's previous quarterly dividend of $0.38. The ex-dividend date was Friday, March 7th. This represents a $1.56 annualized dividend and a yield of 3.46%. Kforce's dividend payout ratio (DPR) is presently 58.21%.

Wall Street Analysts Forecast Growth

Separately, Truist Financial decreased their target price on Kforce from $58.00 to $50.00 and set a "hold" rating on the stock in a report on Tuesday.

Kforce Company 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.