SG Americas Securities LLC Has $161,000 Stock Holdings in Kforce Inc. (NASDAQ:KFRC)

SG Americas Securities LLC lowered its position in shares of Kforce Inc. (NASDAQ:KFRC) by 69.2% in the fourth quarter, Holdings Channel reports. The institutional investor owned 2,839 shares of the business services provider’s stock after selling 6,388 shares during the period. SG Americas Securities LLC’s holdings in Kforce were worth $161,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of the business. The Manufacturers Life Insurance Company increased its position in Kforce by 4.1% during the second quarter. The Manufacturers Life Insurance Company now owns 9,508 shares of the business services provider’s stock worth $591,000 after acquiring an additional 373 shares during the period. Sanctuary Advisors LLC bought a new position in shares of Kforce during the second quarter worth approximately $211,000. Inspire Investing LLC raised its position in shares of Kforce by 17.9% in the third quarter. Inspire Investing LLC now owns 6,673 shares of the business services provider’s stock valued at $410,000 after buying an additional 1,014 shares in the last quarter. Annex Advisory Services LLC boosted its stake in shares of Kforce by 35.6% in the third quarter. Annex Advisory Services LLC now owns 12,211 shares of the business services provider’s stock valued at $750,000 after buying an additional 3,203 shares during the period. Finally, Kathleen S. Wright Associates Inc. acquired a new stake in Kforce during the third quarter worth approximately $30,000. Institutional investors own 92.77% of the company’s stock.

Kforce Stock Down 1.4 %

NASDAQ KFRC opened at $51.68 on Monday. The business has a fifty day moving average price of $56.84 and a two-hundred day moving average price of $59.62. The stock has a market capitalization of $986.00 million, a PE ratio of 19.28 and a beta of 0.88. Kforce Inc. has a fifty-two week low of $51.11 and a fifty-two week 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 Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 21st. Investors of record on Friday, March 7th will be paid a $0.39 dividend. The ex-dividend date is Friday, March 7th. This is a positive change from Kforce’s previous quarterly dividend of $0.38. This represents a $1.56 annualized dividend and a yield of 3.02%. Kforce’s dividend payout ratio (DPR) is 58.21%.

Analysts Set New Price Targets

KFRC has been the subject of several analyst reports. Truist Financial dropped their price objective on Kforce from $68.00 to $58.00 and set a “hold” rating for the company in a report on Tuesday, October 29th. StockNews.com raised Kforce from a “hold” rating to a “buy” rating in a research note on Saturday, November 30th. Finally, Sidoti upgraded shares of Kforce from a “neutral” rating to a “buy” rating and set a $71.00 price objective on the stock in a research note on Tuesday, October 15th.

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.