Wellington Management Group LLP Purchases 79,100 Shares of Kforce Inc. (NASDAQ:KFRC)

Wellington Management Group LLP raised its position in shares of Kforce Inc. (NASDAQ:KFRC - Free Report) by 36.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 297,111 shares of the business services provider's stock after acquiring an additional 79,100 shares during the period. Wellington Management Group LLP owned approximately 1.56% of Kforce worth $16,846,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in KFRC. Tributary Capital Management LLC raised its holdings in Kforce by 38.3% during the fourth quarter. Tributary Capital Management LLC now owns 422,930 shares of the business services provider's stock worth $23,980,000 after purchasing an additional 117,231 shares in the last quarter. Raymond James Financial Inc. bought a new position in shares of Kforce in the fourth quarter valued at $5,146,000. Proficio Capital Partners LLC acquired a new stake in shares of Kforce during the 4th quarter valued at $4,951,000. Teacher Retirement System of Texas increased its stake in Kforce by 84.3% in the 4th quarter. Teacher Retirement System of Texas now owns 111,170 shares of the business services provider's stock worth $6,303,000 after purchasing an additional 50,839 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in Kforce by 5.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 758,963 shares of the business services provider's stock worth $43,033,000 after buying an additional 39,800 shares during the period. 92.77% of the stock is currently owned by institutional investors and hedge funds.

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Kforce Stock Up 1.1 %

Shares of Kforce stock traded up $0.48 during midday trading on Monday, hitting $46.05. The company's stock had a trading volume of 2,182 shares, compared to its average volume of 130,248. The stock has a 50-day simple moving average of $49.19 and a 200-day simple moving average of $54.64. The firm has a market capitalization of $880.04 million, a P/E ratio of 17.15 and a beta of 0.76. 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 1-year low of $42.11 and a 1-year high of $71.48.

Kforce Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 21st. Investors 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 dividend on an annualized basis and a yield of 3.39%. Kforce's dividend payout ratio (DPR) is presently 58.21%.

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.