Quest Partners LLC Has $211,000 Holdings in Kforce Inc. (NASDAQ:KFRC)

Quest Partners LLC cut its stake in shares of Kforce Inc. (NASDAQ:KFRC) by 25.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,432 shares of the business services provider’s stock after selling 1,173 shares during the period. Quest Partners LLC’s holdings in Kforce were worth $211,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Russell Investments Group Ltd. lifted its holdings in Kforce by 10.9% during the first quarter. Russell Investments Group Ltd. now owns 10,831 shares of the business services provider’s stock worth $764,000 after acquiring an additional 1,067 shares in the last quarter. Harbor Capital Advisors Inc. lifted its holdings in Kforce by 14.1% during the second quarter. Harbor Capital Advisors Inc. now owns 9,287 shares of the business services provider’s stock worth $577,000 after acquiring an additional 1,146 shares in the last quarter. Annex Advisory Services LLC lifted its holdings in Kforce by 14.8% during the second quarter. Annex Advisory Services LLC now owns 9,008 shares of the business services provider’s stock worth $560,000 after acquiring an additional 1,162 shares in the last quarter. SG Americas Securities LLC bought a new position in Kforce during the second quarter worth about $718,000. Finally, Blue Trust Inc. lifted its holdings in Kforce by 59.9% during the second quarter. Blue Trust Inc. now owns 427 shares of the business services provider’s stock worth $27,000 after acquiring an additional 160 shares in the last quarter. 92.77% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have weighed in on KFRC shares. StockNews.com lowered Kforce from a “buy” rating to a “hold” rating in a report on Friday, November 22nd. Sidoti upgraded Kforce from a “neutral” rating to a “buy” rating and set a $71.00 target price on the stock in a report on Tuesday, October 15th. Finally, Truist Financial reduced their target price on Kforce from $68.00 to $58.00 and set a “hold” rating on the stock in a report on Tuesday, October 29th.

Kforce Stock Performance

Shares of Kforce stock opened at $59.64 on Thursday. The firm has a market cap of $1.14 billion, a price-to-earnings ratio of 20.66 and a beta of 0.88. The stock’s 50-day moving average is $58.50 and its 200-day moving average is $61.73. Kforce Inc. has a one year low of $52.96 and a one year high of $74.79. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.06 and a quick ratio of 2.06.

Kforce (NASDAQ:KFRC) last issued its quarterly earnings results on Monday, October 28th. The business services provider reported $0.75 EPS for the quarter, beating analysts’ consensus estimates of $0.69 by $0.06. The company had revenue of $353.30 million for the quarter, compared to analyst estimates of $352.19 million. Kforce had a return on equity of 33.50% and a net margin of 3.86%. The company’s quarterly revenue was down 5.3% compared to the same quarter last year. During the same period in the previous year, the company posted $0.90 earnings per share. Equities analysts predict that Kforce Inc. will post 2.68 earnings per share for the current fiscal year.

Kforce Announces Dividend

The business also recently announced 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. The ex-dividend date of this dividend is Friday, December 6th. This represents a $1.52 annualized dividend and a yield of 2.55%. Kforce’s payout ratio is presently 52.41%.

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.