Lucus Advisors LLC cut its stake in shares of Kforce Inc. (NASDAQ:KFRC) by 23.9% during the second quarter, Holdings Channel reports. The firm owned 20,591 shares of the company’s stock after selling 6,459 shares during the period. Lucus Advisors LLC’s holdings in Kforce were worth $348,000 at the end of the most recent reporting period.
A number of other large investors have also made changes to their positions in KFRC. Metropolitan Life Insurance Co. NY raised its stake in shares of Kforce by 2.9% in the first quarter. Metropolitan Life Insurance Co. NY now owns 19,273 shares of the company’s stock valued at $377,000 after buying an additional 551 shares during the period. Renaissance Technologies LLC raised its stake in shares of Kforce by 3.0% in the first quarter. Renaissance Technologies LLC now owns 196,349 shares of the company’s stock valued at $3,845,000 after buying an additional 5,802 shares during the period. Bogle Investment Management L P DE acquired a new stake in shares of Kforce during the first quarter valued at about $2,586,000. Geode Capital Management LLC raised its stake in shares of Kforce by 17.1% in the first quarter. Geode Capital Management LLC now owns 200,876 shares of the company’s stock valued at $3,932,000 after buying an additional 29,298 shares during the period. Finally, Zebra Capital Management LLC raised its stake in shares of Kforce by 15.9% in the first quarter. Zebra Capital Management LLC now owns 16,765 shares of the company’s stock valued at $328,000 after buying an additional 2,304 shares during the period. 80.63% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Kforce Inc. (NASDAQ:KFRC) traded up 4.49% during midday trading on Friday, reaching $20.49. 190,438 shares of the company’s stock were exchanged. The stock has a market cap of $536.72 million, a PE ratio of 13.92 and a beta of 1.51. Kforce Inc. has a 12 month low of $14.87 and a 12 month high of $28.84. The company’s 50 day moving average is $19.11 and its 200-day moving average is $18.60.
Kforce (NASDAQ:KFRC) last announced its quarterly earnings results on Tuesday, August 2nd. The company reported $0.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.40 by $0.01. Kforce had a return on equity of 31.94% and a net margin of 3.01%. The business earned $335 million during the quarter, compared to the consensus estimate of $334.91 million. During the same quarter last year, the firm posted $0.41 EPS. The company’s quarterly revenue was down .7% on a year-over-year basis. Equities analysts forecast that Kforce Inc. will post $1.48 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Friday, September 23rd. Shareholders of record on Friday, September 9th were issued a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 2.34%. The ex-dividend date was Wednesday, September 7th. Kforce’s dividend payout ratio is 32.88%.
Several equities research analysts have recently weighed in on the stock. Deutsche Bank AG assumed coverage on shares of Kforce in a report on Wednesday, August 17th. They issued a “hold” rating and a $19.00 target price on the stock. Zacks Investment Research lowered shares of Kforce from a “hold” rating to a “sell” rating in a report on Thursday, August 4th. Finally, Credit Suisse Group AG reaffirmed a “buy” rating and issued a $21.00 target price on shares of Kforce in a report on Wednesday, August 3rd.
In other news, Director Gordon Tunstall sold 5,000 shares of Kforce stock in a transaction on Friday, August 19th. The stock was sold at an average price of $18.69, for a total transaction of $93,450.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, President Joseph J. Liberatore sold 75,000 shares of Kforce stock in a transaction on Wednesday, August 17th. The stock was sold at an average price of $18.19, for a total value of $1,364,250.00. The disclosure for this sale can be found here. Company insiders own 12.80% of the company’s stock.
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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