Trexquant Investment LP purchased a new position in shares of Kforce Inc. (NASDAQ:KFRC – Get Rating) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 11,135 shares of the business services provider’s stock, valued at approximately $683,000.
A number of other large investors have also modified their holdings of the business. Vanguard Group Inc. grew its stake in shares of Kforce by 2.1% during the first quarter. Vanguard Group Inc. now owns 2,125,790 shares of the business services provider’s stock worth $157,245,000 after acquiring an additional 43,549 shares during the last quarter. Polaris Capital Management LLC raised its stake in shares of Kforce by 5,905.3% during the 2nd quarter. Polaris Capital Management LLC now owns 1,206,706 shares of the business services provider’s stock worth $50,935,000 after buying an additional 1,186,612 shares during the period. Dimensional Fund Advisors LP raised its stake in shares of Kforce by 1.5% during the 1st quarter. Dimensional Fund Advisors LP now owns 819,920 shares of the business services provider’s stock worth $60,651,000 after buying an additional 12,263 shares during the period. Lord Abbett & CO. LLC raised its stake in shares of Kforce by 113.7% during the 1st quarter. Lord Abbett & CO. LLC now owns 525,290 shares of the business services provider’s stock worth $38,856,000 after buying an additional 279,462 shares during the period. Finally, State Street Corp raised its stake in Kforce by 2.6% in the 1st quarter. State Street Corp now owns 466,049 shares of the business services provider’s stock valued at $34,474,000 after purchasing an additional 11,923 shares during the last quarter. Hedge funds and other institutional investors own 94.26% of the company’s stock.
Analysts Set New Price Targets
Several research firms recently commented on KFRC. Robert W. Baird reduced their price objective on Kforce from $80.00 to $70.00 and set an “outperform” rating for the company in a research note on Friday, August 5th. StockNews.com cut Kforce from a “strong-buy” rating to a “buy” rating in a report on Friday, October 28th.
Kforce Stock Down 0.3 %
Kforce (NASDAQ:KFRC – Get Rating) last issued its earnings results on Monday, October 31st. The business services provider reported $1.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.06 by $0.03. The company had revenue of $437.62 million during the quarter, compared to analysts’ expectations of $432.42 million. Kforce had a return on equity of 44.12% and a net margin of 5.23%. The firm’s quarterly revenue was up 8.7% on a year-over-year basis. During the same period in the prior year, the business earned $0.96 EPS. On average, equities analysts anticipate that Kforce Inc. will post 4.24 earnings per share for the current year.
Kforce Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 23rd. Stockholders of record on Friday, December 9th will be issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.01%. The ex-dividend date of this dividend is Thursday, December 8th. Kforce’s dividend payout ratio is presently 27.91%.
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.
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