Systematic Financial Management LP bought a new stake in shares of Kforce Inc. (NASDAQ:KFRC) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 75,690 shares of the company’s stock, valued at approximately $1,278,000. Systematic Financial Management LP owned about 0.29% of Kforce as of its most recent filing with the SEC.
Other large investors have also recently modified their holdings of the company. TIAA CREF Investment Management LLC increased its stake in shares of Kforce by 50.9% in the first quarter. TIAA CREF Investment Management LLC now owns 198,918 shares of the company’s stock valued at $3,895,000 after buying an additional 67,084 shares in the last quarter. Teachers Advisors Inc. increased its stake in shares of Kforce by 20.7% in the first quarter. Teachers Advisors Inc. now owns 309,316 shares of the company’s stock valued at $6,056,000 after buying an additional 53,016 shares in the last quarter. Prudential Financial Inc. increased its stake in shares of Kforce by 57.9% in the first quarter. Prudential Financial Inc. now owns 172,880 shares of the company’s stock valued at $3,385,000 after buying an additional 63,425 shares in the last quarter. BlackRock Group LTD increased its stake in shares of Kforce by 7.4% in the first quarter. BlackRock Group LTD now owns 45,597 shares of the company’s stock valued at $892,000 after buying an additional 3,141 shares in the last quarter. Finally, Acrospire Investment Management LLC purchased a new stake in shares of Kforce during the first quarter valued at approximately $104,000. Institutional investors own 80.63% of the company’s stock.
Kforce Inc. (NASDAQ:KFRC) traded down 1.55% on Monday, hitting $19.68. The company had a trading volume of 25,447 shares. The firm has a 50-day moving average price of $18.78 and a 200-day moving average price of $18.54. The firm has a market capitalization of $515.50 million, a PE ratio of 13.37 and a beta of 1.51. Kforce Inc. has a 12-month low of $14.87 and a 12-month high of $28.84.
Kforce (NASDAQ:KFRC) last released its quarterly earnings data on Tuesday, August 2nd. The company reported $0.41 earnings per share for the quarter, beating the consensus estimate of $0.40 by $0.01. The business had revenue of $335 million for the quarter, compared to analyst estimates of $334.91 million. Kforce had a return on equity of 31.94% and a net margin of 3.01%. Kforce’s revenue was down .7% compared to the same quarter last year. During the same period last year, the firm posted $0.41 earnings per share. On average, equities research analysts anticipate that Kforce Inc. will post $1.48 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 23rd. Investors of record on Friday, September 9th were paid a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 2.40%. The ex-dividend date of this dividend was Wednesday, September 7th. Kforce’s dividend payout ratio (DPR) is presently 32.88%.
KFRC has been the topic of several recent analyst reports. Zacks Investment Research upgraded shares of Kforce from a “sell” rating to a “hold” rating in a research note on Wednesday, July 6th. Credit Suisse Group AG restated a “buy” rating and issued a $21.00 target price on shares of Kforce in a research note on Wednesday, August 3rd. Finally, Deutsche Bank AG initiated coverage on shares of Kforce in a research note on Wednesday, August 17th. They issued a “hold” rating and a $19.00 target price on the stock.
In related news, COO Kye L. Mitchell sold 3,732 shares of the firm’s stock in a transaction dated Thursday, August 25th. The stock was sold at an average price of $19.82, for a total value of $73,968.24. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, President Joseph J. Liberatore sold 75,000 shares of the firm’s stock in a transaction dated Wednesday, August 17th. The shares were 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. 12.80% of the stock is owned by corporate insiders.
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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