Versor Investments LP Buys Shares of 14,900 Kforce Inc. (NASDAQ:KFRC)

Versor Investments LP bought a new position in shares of Kforce Inc. (NASDAQ:KFRC - Free Report) during the third quarter, according to its most recent filing with the SEC. The fund bought 14,900 shares of the business services provider's stock, valued at approximately $916,000. Versor Investments LP owned 0.08% of Kforce at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in KFRC. Blue Trust Inc. raised its stake in shares of Kforce by 59.9% in the second quarter. Blue Trust Inc. now owns 427 shares of the business services provider's stock valued at $27,000 after buying an additional 160 shares during the period. Kathleen S. Wright Associates Inc. bought a new stake in Kforce in the 3rd quarter valued at about $30,000. nVerses Capital LLC lifted its holdings in Kforce by 50.0% during the second quarter. nVerses Capital LLC now owns 900 shares of the business services provider's stock valued at $56,000 after purchasing an additional 300 shares during the last quarter. Canada Pension Plan Investment Board bought a new position in Kforce during the second quarter worth about $68,000. Finally, Benjamin F. Edwards & Company Inc. boosted its position in Kforce by 96.0% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 1,313 shares of the business services provider's stock worth $82,000 after purchasing an additional 643 shares during the period. 92.77% of the stock is owned by hedge funds and other institutional investors.

Kforce Price Performance

Kforce stock traded down $0.33 during midday trading on Wednesday, hitting $60.69. 124,563 shares of the company's stock were exchanged, compared to its average volume of 113,374. The company has a debt-to-equity ratio of 0.16, a quick ratio of 2.06 and a current ratio of 2.06. Kforce Inc. has a 52-week low of $52.96 and a 52-week high of $74.79. The company has a market cap of $1.16 billion, a P/E ratio of 20.93 and a beta of 0.88. The stock has a 50-day moving average price of $59.19 and a two-hundred day moving average price of $62.06.

Kforce (NASDAQ:KFRC - Get Free Report) last posted its quarterly earnings results on Monday, October 28th. The business services provider reported $0.75 earnings per share (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 analyst estimates of $352.19 million. Kforce had a net margin of 3.86% and a return on equity of 33.50%. The company's revenue was down 5.3% on a year-over-year basis. During the same period in the prior year, the business posted $0.90 earnings per share. On average, equities research analysts forecast that Kforce Inc. will post 2.68 earnings per share for the current year.

Kforce Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Friday, December 6th will be given a dividend of $0.38 per share. The ex-dividend date of this dividend is Friday, December 6th. This represents a $1.52 annualized dividend and a dividend yield of 2.50%. Kforce's dividend payout ratio is presently 52.41%.

Analyst Ratings Changes

Several analysts have recently issued reports on the stock. StockNews.com lowered shares of Kforce from a "buy" rating to a "hold" rating in a research report on Thursday, October 31st. Truist Financial lowered 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. Finally, Sidoti raised Kforce from a "neutral" rating to a "buy" rating and set a $71.00 price target for the company in a report on Tuesday, October 15th. Two equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $66.67.

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.