Vaughan Nelson Investment Management L.P. Has $33.67 Million Stock Holdings in Kforce Inc. (NASDAQ:KFRC)

Vaughan Nelson Investment Management L.P. lessened its stake in Kforce Inc. (NASDAQ:KFRC - Free Report) by 27.6% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 547,863 shares of the business services provider's stock after selling 208,925 shares during the period. Vaughan Nelson Investment Management L.P. owned 2.87% of Kforce worth $33,666,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. MQS Management LLC acquired a new stake in Kforce during the 3rd quarter worth $695,000. Aptus Capital Advisors LLC lifted its position in Kforce by 15.6% during the 3rd quarter. Aptus Capital Advisors LLC now owns 86,815 shares of the business services provider's stock worth $5,335,000 after buying an additional 11,734 shares in the last quarter. GSA Capital Partners LLP bought a new stake in Kforce during the 3rd quarter worth about $468,000. Versor Investments LP bought a new stake in Kforce during the 3rd quarter worth about $916,000. Finally, Atria Investments Inc raised its holdings in shares of Kforce by 6.4% in the 3rd quarter. Atria Investments Inc now owns 6,849 shares of the business services provider's stock valued at $421,000 after purchasing an additional 410 shares during the period. Institutional investors own 92.77% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. Sidoti raised shares of Kforce from a "neutral" rating to a "buy" rating and set a $71.00 target price on the stock in a report on Tuesday, October 15th. StockNews.com raised shares of Kforce from a "hold" rating to a "buy" rating in a report on Thursday. Finally, Truist Financial lowered their price target 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. One analyst has rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $66.67.

Kforce Price Performance

Shares of NASDAQ KFRC traded down $1.23 during trading hours on Friday, hitting $58.18. 92,124 shares of the stock were exchanged, compared to its average volume of 223,118. 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 $1.11 billion, a PE ratio of 20.06 and a beta of 0.88. The company's fifty day simple moving average is $59.02 and its two-hundred day simple moving average is $62.00. Kforce Inc. has a 1-year low of $52.96 and a 1-year high of $74.79.

Kforce (NASDAQ:KFRC - Get Free Report) last issued its quarterly earnings data on Monday, October 28th. The business services provider reported $0.75 EPS for the quarter, beating the consensus estimate of $0.69 by $0.06. The business had revenue of $353.30 million during the quarter, compared to the consensus estimate of $352.19 million. Kforce had a net margin of 3.86% and a return on equity of 33.50%. The firm's revenue was down 5.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.90 EPS. On average, sell-side analysts predict that Kforce Inc. will post 2.68 EPS for the current year.

Kforce Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Friday, December 6th will be paid a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a yield of 2.61%. The ex-dividend date is Friday, December 6th. Kforce's dividend payout ratio is presently 52.41%.

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.