Legal & General Group Plc reduced its stake in Kforce, Inc. (NASDAQ:KFRC) by 1.7% during the first quarter, according to its most recent filing with the SEC. The fund owned 5,983 shares of the business services provider’s stock after selling 104 shares during the period. Legal & General Group Plc’s holdings in Kforce were worth $142,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in the company. TIAA CREF Investment Management LLC boosted its stake in shares of Kforce by 5.3% in the first quarter. TIAA CREF Investment Management LLC now owns 227,929 shares of the business services provider’s stock valued at $5,413,000 after buying an additional 11,419 shares in the last quarter. Teachers Advisors LLC boosted its stake in shares of Kforce by 31.3% in the first quarter. Teachers Advisors LLC now owns 415,407 shares of the business services provider’s stock valued at $9,866,000 after buying an additional 98,945 shares in the last quarter. O Shaughnessy Asset Management LLC boosted its stake in shares of Kforce by 1.5% in the first quarter. O Shaughnessy Asset Management LLC now owns 13,966 shares of the business services provider’s stock valued at $332,000 after buying an additional 208 shares in the last quarter. Tributary Capital Management LLC boosted its stake in shares of Kforce by 24.2% in the first quarter. Tributary Capital Management LLC now owns 620,837 shares of the business services provider’s stock valued at $14,745,000 after buying an additional 120,989 shares in the last quarter. Finally, Deprince Race & Zollo Inc. boosted its stake in shares of Kforce by 26.9% in the first quarter. Deprince Race & Zollo Inc. now owns 558,525 shares of the business services provider’s stock valued at $13,265,000 after buying an additional 118,278 shares in the last quarter. Institutional investors own 80.83% of the company’s stock.

Kforce, Inc. (NASDAQ:KFRC) traded up 0.702% on Wednesday, hitting $17.925. 4,907 shares of the stock were exchanged. The firm has a market cap of $453.32 million, a PE ratio of 13.065 and a beta of 1.54. The stock’s 50 day moving average price is $18.88 and its 200 day moving average price is $21.15. Kforce, Inc. has a 52-week low of $15.95 and a 52-week high of $26.95.

Kforce (NASDAQ:KFRC) last posted its quarterly earnings results on Tuesday, August 1st. The business services provider reported $0.44 EPS for the quarter, missing the consensus estimate of $0.46 by $0.02. Kforce had a return on equity of 29.67% and a net margin of 2.64%. The company had revenue of $340.31 million for the quarter, compared to analysts’ expectations of $345.24 million. During the same quarter in the prior year, the firm earned $0.41 EPS. The firm’s revenue was up 1.6% on a year-over-year basis. Equities research analysts forecast that Kforce, Inc. will post $1.51 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, September 22nd. Stockholders of record on Friday, September 8th will be issued a dividend of $0.12 per share. The ex-dividend date of this dividend is Thursday, September 7th. This represents a $0.48 annualized dividend and a dividend yield of 2.70%. Kforce’s dividend payout ratio is presently 35.04%.

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KFRC has been the topic of a number of analyst reports. Zacks Investment Research cut shares of Kforce from a “hold” rating to a “sell” rating in a research report on Thursday, August 3rd. Deutsche Bank AG cut their price objective on shares of Kforce from $25.00 to $22.00 and set a “hold” rating on the stock in a research report on Wednesday, August 2nd. BidaskClub cut shares of Kforce from a “sell” rating to a “strong sell” rating in a research report on Wednesday, August 2nd. ValuEngine upgraded shares of Kforce from a “hold” rating to a “buy” rating in a research report on Tuesday, June 27th. Finally, TheStreet cut shares of Kforce from a “b-” rating to a “c+” rating in a research report on Wednesday, May 31st. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $25.25.

In other news, CEO David L. Dunkel sold 8,000 shares of Kforce stock in a transaction on Friday, May 26th. The stock was sold at an average price of $18.32, for a total transaction of $146,560.00. The transaction was disclosed in a document filed with the SEC, which is available at this link. 13.30% of the stock is owned by insiders.

Kforce Company 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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