Raymond James Financial Inc. Takes $5.15 Million Position in Kforce Inc. (NASDAQ:KFRC)

Raymond James Financial Inc. bought a new position in shares of Kforce Inc. (NASDAQ:KFRC) during the fourth quarter, HoldingsChannel reports. The institutional investor bought 90,755 shares of the business services provider’s stock, valued at approximately $5,146,000.

Other hedge funds have also made changes to their positions in the company. TD Private Client Wealth LLC lifted its stake in shares of Kforce by 58.0% during the 3rd quarter. TD Private Client Wealth LLC now owns 496 shares of the business services provider’s stock worth $30,000 after purchasing an additional 182 shares during the last quarter. Atria Investments Inc boosted its position in shares of Kforce by 3.1% in the 4th quarter. Atria Investments Inc now owns 7,058 shares of the business services provider’s stock worth $400,000 after purchasing an additional 209 shares in the last quarter. Access Investment Management LLC grew its stake in Kforce by 0.7% during the 4th quarter. Access Investment Management LLC now owns 36,605 shares of the business services provider’s stock worth $2,076,000 after buying an additional 265 shares during the last quarter. Blue Trust Inc. increased its position in Kforce by 17.9% during the 4th quarter. Blue Trust Inc. now owns 1,810 shares of the business services provider’s stock valued at $111,000 after buying an additional 275 shares in the last quarter. Finally, Exchange Traded Concepts LLC raised its stake in Kforce by 6.0% in the fourth quarter. Exchange Traded Concepts LLC now owns 5,154 shares of the business services provider’s stock valued at $292,000 after buying an additional 293 shares during the last quarter. 92.77% of the stock is currently owned by hedge funds and other institutional investors.

Kforce Stock Down 1.5 %

Shares of KFRC stock opened at $48.29 on Wednesday. The stock’s 50-day simple moving average is $51.86 and its 200-day simple moving average is $56.20. The firm has a market capitalization of $922.87 million, a PE ratio of 18.02 and a beta of 0.83. The company has a debt-to-equity ratio of 0.16, a quick ratio of 2.06 and a current ratio of 2.06. Kforce Inc. has a fifty-two week low of $47.63 and a fifty-two week high of $71.48.

Kforce Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 21st. Investors of record on Friday, March 7th were given a dividend of $0.39 per share. The ex-dividend date of this dividend was Friday, March 7th. This is an increase from Kforce’s previous quarterly dividend of $0.38. This represents a $1.56 dividend on an annualized basis and a yield of 3.23%. Kforce’s payout ratio is currently 58.21%.

Analyst Ratings Changes

Separately, StockNews.com raised shares of Kforce from a “hold” rating to a “buy” rating in a research report on Saturday, November 30th.

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.