Kforce, Inc. (KFRC) Stake Held by Ativo Capital Management LLC
Ativo Capital Management LLC continued to hold its position in Kforce, Inc. (NASDAQ:KFRC) during the fourth quarter, Holdings Channel reports. The institutional investor owned 45,108 shares of the company’s stock at the end of the fourth quarter. Ativo Capital Management LLC owned 0.17% of Kforce worth $1,042,000 as of its most recent filing with the SEC.
Other institutional investors also recently bought and sold shares of the company. Airain ltd bought a new position in Kforce during the second quarter valued at about $239,000. JPMorgan Chase & Co. raised its position in Kforce by 1,687.6% in the second quarter. JPMorgan Chase & Co. now owns 72,182 shares of the company’s stock valued at $1,219,000 after buying an additional 68,144 shares during the period. Coe Capital Management LLC bought a new position in Kforce during the second quarter valued at about $2,188,000. Frontier Investment Mgmt Co. raised its position in Kforce by 2.2% in the second quarter. Frontier Investment Mgmt Co. now owns 155,352 shares of the company’s stock valued at $2,624,000 after buying an additional 3,400 shares during the period. Finally, Hillsdale Investment Management Inc. raised its position in Kforce by 19.8% in the second quarter. Hillsdale Investment Management Inc. now owns 18,150 shares of the company’s stock valued at $307,000 after buying an additional 3,000 shares during the period. Institutional investors own 82.39% of the company’s stock.
Kforce, Inc. (NASDAQ:KFRC) remained flat at $25.25 during trading on Thursday. 121,725 shares of the stock were exchanged. The stock has a market capitalization of $651.96 million, a PE ratio of 20.25 and a beta of 1.52. Kforce, Inc. has a 1-year low of $15.63 and a 1-year high of $26.95. The firm has a 50-day moving average of $23.09 and a 200 day moving average of $20.55.
Kforce (NASDAQ:KFRC) last announced its quarterly earnings results on Tuesday, February 7th. The company reported $0.36 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.32 by $0.04. Kforce had a return on equity of 29.93% and a net margin of 2.48%. The business had revenue of $326 million for the quarter, compared to analyst estimates of $327.25 million. During the same quarter in the prior year, the company posted $0.43 EPS. The company’s quarterly revenue was down .5% on a year-over-year basis. On average, equities research analysts expect that Kforce, Inc. will post $1.60 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, March 24th. Stockholders of record on Friday, March 10th will be paid a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 1.90%. The ex-dividend date is Wednesday, March 8th. Kforce’s dividend payout ratio (DPR) is presently 38.40%.
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KFRC has been the topic of several analyst reports. Zacks Investment Research lowered Kforce from a “hold” rating to a “sell” rating in a research note on Monday, October 24th. Avondale Partners lowered Kforce from an “outperform” rating to a “market perform” rating and lifted their target price for the company from $23.00 to $26.00 in a research note on Monday, December 19th. Finally, Griffin Securities lowered Kforce from a “buy” rating to a “hold” rating in a research note on Wednesday, February 8th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $23.50.
In related news, insider Robert William Edmund sold 1,250 shares of the stock in a transaction dated Wednesday, November 30th. The stock was sold at an average price of $22.41, for a total transaction of $28,012.50. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Gordon Tunstall sold 5,000 shares of the stock in a transaction dated Friday, November 25th. The stock was sold at an average price of $21.45, for a total value of $107,250.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 44,704 shares of company stock worth $1,053,137. Corporate insiders own 12.80% of the company’s stock.
Kforce Company Profile
Kforce Inc is engaged in providing professional and technical specialty staffing services and solutions. The Company operates through three segments, which include Technology (Tech), which provides both temporary staffing and permanent placement services to its clients, focusing primarily on areas of information technology, such as systems/applications, e-commerce, technology infrastructure, network architecture and security; Finance and Accounting (FA), which is engaged in providing both temporary staffing and permanent placement services to its clients in areas, such as general accounting, business analysis and others, and Government Solutions (GS), which is engaged in providing services and solutions to the Federal Government as both a prime contractor and a subcontractor in the fields of information technology, and finance and accounting.
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