Mirae Asset Global Investments Co. Ltd. Acquires 1,043 Shares of Kforce Inc. (NASDAQ:KFRC)

Mirae Asset Global Investments Co. Ltd. raised its holdings in shares of Kforce Inc. (NASDAQ:KFRC) by 10.8% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 10,722 shares of the business services provider’s stock after buying an additional 1,043 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in Kforce were worth $660,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Raymond James & Associates lifted its stake in shares of Kforce by 3.8% in the 3rd quarter. Raymond James & Associates now owns 98,253 shares of the business services provider’s stock valued at $6,038,000 after acquiring an additional 3,560 shares during the last quarter. Blue Trust Inc. increased its stake in Kforce by 259.5% in the 3rd quarter. Blue Trust Inc. now owns 1,535 shares of the business services provider’s stock worth $95,000 after purchasing an additional 1,108 shares during the period. Kathleen S. Wright Associates Inc. bought a new stake in Kforce in the third quarter valued at approximately $30,000. Annex Advisory Services LLC boosted its stake in shares of Kforce by 35.6% during the third quarter. Annex Advisory Services LLC now owns 12,211 shares of the business services provider’s stock valued at $750,000 after purchasing an additional 3,203 shares during the period. Finally, Inspire Investing LLC boosted its stake in shares of Kforce by 17.9% during the third quarter. Inspire Investing LLC now owns 6,673 shares of the business services provider’s stock valued at $410,000 after purchasing an additional 1,014 shares during the period. 92.77% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts recently commented on the stock. Truist Financial lowered their price target on shares of Kforce from $68.00 to $58.00 and set a “hold” rating for the company in a report on Tuesday, October 29th. Sidoti raised shares of Kforce from a “neutral” rating to a “buy” rating and set a $71.00 price objective for the company in a research note on Tuesday, October 15th. Finally, StockNews.com lowered shares of Kforce from a “buy” rating to a “hold” rating in a report on Thursday. Two equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $66.67.

Kforce Stock Performance

Shares of KFRC stock opened at $55.85 on Friday. The firm has a market capitalization of $1.07 billion, a price-to-earnings ratio of 19.26 and a beta of 0.88. The stock has a fifty day moving average of $59.92 and a 200 day moving average of $62.24. Kforce Inc. has a 52 week low of $52.96 and a 52 week high of $74.79. The company has a quick ratio of 2.33, a current ratio of 2.06 and a debt-to-equity ratio of 0.16.

Kforce (NASDAQ:KFRC) last posted its earnings results on Monday, October 28th. The business services provider reported $0.75 EPS for the quarter, topping the consensus estimate of $0.69 by $0.06. Kforce had a net margin of 3.86% and a return on equity of 33.50%. The firm had revenue of $353.30 million during the quarter, compared to analysts’ expectations of $352.19 million. During the same period last year, the company posted $0.90 EPS. The company’s quarterly revenue was down 5.3% compared to the same quarter last year. As a group, research analysts expect that Kforce Inc. will post 2.68 earnings per share for the current year.

Kforce Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Shareholders of record on Friday, December 6th will be given a dividend of $0.38 per share. The ex-dividend date of this dividend is Friday, December 6th. This represents a $1.52 annualized dividend and a yield of 2.72%. Kforce’s payout ratio is 52.41%.

About Kforce

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.