Wellington Management Group LLP Purchases 13,631 Shares of Kforce Inc. (NASDAQ:KFRC)

Wellington Management Group LLP grew its stake in shares of Kforce Inc. (NASDAQ:KFRC - Free Report) by 6.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 218,011 shares of the business services provider's stock after acquiring an additional 13,631 shares during the period. Wellington Management Group LLP owned 1.14% of Kforce worth $13,397,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Kayne Anderson Rudnick Investment Management LLC grew its stake in shares of Kforce by 0.6% in the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 2,402,035 shares of the business services provider's stock valued at $149,238,000 after acquiring an additional 13,706 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position 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 worth $44,193,000 after purchasing an additional 17,087 shares in the last quarter. Tributary Capital Management LLC grew its position in shares of Kforce by 0.3% during the 2nd quarter. Tributary Capital Management LLC now owns 307,103 shares of the business services provider's stock worth $19,080,000 after purchasing an additional 915 shares in the last quarter. Hotchkis & Wiley Capital Management LLC increased its holdings in shares of Kforce by 28.4% during the third quarter. Hotchkis & Wiley Capital Management LLC now owns 186,016 shares of the business services provider's stock worth $11,431,000 after purchasing an additional 41,180 shares during the period. Finally, Bank of New York Mellon Corp raised its position in shares of Kforce by 5.1% in the second quarter. Bank of New York Mellon Corp now owns 148,492 shares of the business services provider's stock valued at $9,226,000 after buying an additional 7,214 shares in the last quarter. Institutional investors own 92.77% of the company's stock.

Kforce Price Performance

KFRC traded up $0.50 during trading on Friday, hitting $59.78. 85,111 shares of the stock traded hands, compared to its average volume of 95,080. The business has a 50 day moving average price of $58.42 and a 200 day moving average price of $61.51. 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 Inc. has a twelve month low of $52.96 and a twelve month high of $74.79. The company has a market cap of $1.14 billion, a price-to-earnings ratio of 20.61 and a beta of 0.88.

Kforce (NASDAQ:KFRC - Get Free Report) last posted its quarterly earnings results on Monday, October 28th. The business services provider reported $0.75 EPS for the quarter, topping analysts' consensus estimates of $0.69 by $0.06. The company had revenue of $353.30 million during the quarter, compared to analysts' expectations of $352.19 million. Kforce had a return on equity of 33.50% and a net margin of 3.86%. Kforce's revenue was down 5.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.90 EPS. Equities research analysts forecast that Kforce Inc. will post 2.68 earnings per share for the current fiscal year.

Kforce Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Shareholders of record on Friday, December 6th will be given a $0.38 dividend. This represents a $1.52 annualized dividend and a yield of 2.54%. The ex-dividend date of this dividend is Friday, December 6th. Kforce's dividend payout ratio (DPR) is currently 52.41%.

Wall Street Analyst Weigh In

KFRC has been the topic of a number of recent research reports. StockNews.com upgraded Kforce from a "hold" rating to a "buy" rating in a research note on Saturday, November 30th. Truist Financial decreased their price target on Kforce from $68.00 to $58.00 and set a "hold" rating on the stock in a research report on Tuesday, October 29th. Finally, Sidoti raised shares of Kforce from a "neutral" rating to a "buy" rating and set a $71.00 price objective for the company in a research report on Tuesday, October 15th.

Kforce 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.