7,615 Shares in Kforce Inc. (NASDAQ:KFRC) Acquired by GSA Capital Partners LLP

GSA Capital Partners LLP bought a new position in shares of Kforce Inc. (NASDAQ:KFRC) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 7,615 shares of the business services provider’s stock, valued at approximately $468,000.

A number of other large investors have also recently made changes to their positions in the company. Versor Investments LP purchased a new stake in shares of Kforce during the third quarter worth approximately $916,000. Atria Investments Inc increased its stake in Kforce by 6.4% in the third quarter. Atria Investments Inc now owns 6,849 shares of the business services provider’s stock valued at $421,000 after purchasing an additional 410 shares during the last quarter. Janney Montgomery Scott LLC increased its stake in Kforce by 2.5% in the third quarter. Janney Montgomery Scott LLC now owns 33,815 shares of the business services provider’s stock valued at $2,078,000 after purchasing an additional 821 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. increased its stake in Kforce by 10.8% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 10,722 shares of the business services provider’s stock valued at $660,000 after purchasing an additional 1,043 shares during the last quarter. Finally, Raymond James & Associates increased its stake in Kforce by 3.8% in the third quarter. Raymond James & Associates now owns 98,253 shares of the business services provider’s stock valued at $6,038,000 after purchasing an additional 3,560 shares during the last quarter. 92.77% of the stock is currently owned by hedge funds and other institutional investors.

Kforce Price Performance

KFRC stock opened at $57.98 on Thursday. The company has a market capitalization of $1.11 billion, a P/E ratio of 19.99 and a beta of 0.88. Kforce Inc. has a twelve month low of $52.96 and a twelve month high of $74.79. The business has a 50 day simple moving average of $58.74 and a 200-day simple moving average of $61.88. The company has a current ratio of 2.06, a quick ratio of 2.06 and a debt-to-equity ratio of 0.16.

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

Kforce Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Friday, December 6th will be issued a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a dividend yield of 2.62%. The ex-dividend date of this dividend is Friday, December 6th. Kforce’s dividend payout ratio is presently 52.41%.

Analyst Ratings Changes

Several equities analysts have commented on the stock. StockNews.com upgraded shares of Kforce from a “hold” rating to a “buy” rating in a research note on Thursday, November 14th. Sidoti upgraded shares of Kforce from a “neutral” rating to a “buy” rating and set a $71.00 price target on the stock in a research note on Tuesday, October 15th. Finally, Truist Financial dropped their price target on shares of Kforce from $68.00 to $58.00 and set a “hold” rating on the stock in a research note on Tuesday, October 29th.

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.