Susquehanna International Group LLP lessened its holdings in shares of Kforce, Inc. (NASDAQ:KFRC) by 46.3% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 16,060 shares of the business services provider’s stock after selling 13,862 shares during the quarter. Susquehanna International Group LLP owned approximately 0.06% of Kforce worth $324,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of KFRC. Credit Suisse AG lifted its stake in shares of Kforce by 35.8% during the 1st quarter. Credit Suisse AG now owns 46,505 shares of the business services provider’s stock worth $1,104,000 after purchasing an additional 12,252 shares during the period. Strs Ohio increased its holdings in shares of Kforce by 5.8% during the 2nd quarter. Strs Ohio now owns 18,100 shares of the business services provider’s stock worth $354,000 after buying an additional 1,000 shares during the last quarter. Schwab Charles Investment Management Inc. increased its holdings in shares of Kforce by 6.1% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 234,369 shares of the business services provider’s stock worth $4,594,000 after buying an additional 13,533 shares during the last quarter. BNP Paribas Arbitrage SA increased its holdings in shares of Kforce by 612.0% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 5,340 shares of the business services provider’s stock worth $105,000 after buying an additional 4,590 shares during the last quarter. Finally, KBC Group NV acquired a new stake in shares of Kforce during the 2nd quarter worth $266,000. 79.05% of the stock is currently owned by institutional investors.

In related news, CEO David L. Dunkel sold 17,000 shares of the stock in a transaction on Monday, November 6th. The stock was sold at an average price of $23.90, for a total value of $406,300.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director N John Simmons sold 5,000 shares of the stock in a transaction on Friday, November 3rd. The shares were sold at an average price of $23.31, for a total value of $116,550.00. The disclosure for this sale can be found here. Over the last quarter, insiders sold 58,338 shares of company stock valued at $1,432,502. 13.30% of the stock is owned by insiders.

A number of analysts have recently commented on KFRC shares. ValuEngine downgraded Kforce from a “buy” rating to a “hold” rating in a report on Friday, September 1st. Robert W. Baird restated a “buy” rating and set a $20.00 price objective on shares of Kforce in a report on Tuesday, September 12th. Zacks Investment Research upgraded Kforce from a “sell” rating to a “hold” rating in a report on Wednesday, October 4th. TheStreet upgraded Kforce from a “c+” rating to a “b” rating in a report on Monday, October 2nd. Finally, SunTrust Banks downgraded Kforce from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $23.00 to $22.00 in a report on Wednesday, October 11th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and five have assigned a buy rating to the company’s stock. Kforce currently has an average rating of “Hold” and an average price target of $24.20.

Shares of Kforce, Inc. (NASDAQ KFRC) opened at $26.20 on Tuesday. The company has a market capitalization of $695.42, a price-to-earnings ratio of 17.75 and a beta of 1.67. The company has a current ratio of 2.95, a quick ratio of 2.95 and a debt-to-equity ratio of 0.91. Kforce, Inc. has a twelve month low of $16.75 and a twelve month high of $26.95.

Kforce (NASDAQ:KFRC) last released its quarterly earnings data on Tuesday, October 31st. The business services provider reported $0.45 EPS for the quarter, hitting analysts’ consensus estimates of $0.45. Kforce had a return on equity of 28.83% and a net margin of 2.71%. The business had revenue of $341.05 million during the quarter, compared to the consensus estimate of $340.67 million. During the same period in the prior year, the firm posted $0.44 EPS. The business’s revenue for the quarter was up .2% on a year-over-year basis. research analysts predict that Kforce, Inc. will post 1.5 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 22nd. Investors of record on Friday, December 8th will be issued a $0.12 dividend. The ex-dividend date is Thursday, December 7th. This represents a $0.48 annualized dividend and a yield of 1.83%. Kforce’s dividend payout ratio is currently 33.57%.

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Kforce Profile

Kforce Inc (Kforce) is engaged in providing professional and technical specialty staffing services and solutions. The Company operates through three segments, which include Technology (Tech), Finance and Accounting (FA) and Government Solutions (GS). The Company’s Tech segment includes the operations of its subsidiary Kforce Global Solutions, Inc The FA segment is engaged in providing both temporary staffing and permanent placement services to its clients in areas, such as general accounting, business analysis and others.

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Institutional Ownership by Quarter for Kforce (NASDAQ:KFRC)

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