Kforce Inc. (NASDAQ:KFRC) Holdings Raised by Inspire Investing LLC

Inspire Investing LLC increased its holdings in Kforce Inc. (NASDAQ:KFRC) by 12.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,659 shares of the business services provider’s stock after acquiring an additional 614 shares during the period. Inspire Investing LLC’s holdings in Kforce were worth $352,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of KFRC. Blue Trust Inc. raised its stake in shares of Kforce by 59.9% during the 2nd quarter. Blue Trust Inc. now owns 427 shares of the business services provider’s stock worth $27,000 after purchasing an additional 160 shares in the last quarter. Benjamin F. Edwards & Company Inc. grew its holdings in shares of Kforce by 487.7% during the 1st quarter. Benjamin F. Edwards & Company Inc. now owns 670 shares of the business services provider’s stock worth $47,000 after purchasing an additional 556 shares in the last quarter. nVerses Capital LLC boosted its stake in Kforce by 50.0% in the 2nd quarter. nVerses Capital LLC now owns 900 shares of the business services provider’s stock valued at $56,000 after buying an additional 300 shares in the last quarter. Avantax Advisory Services Inc. acquired a new stake in Kforce in the 1st quarter valued at $208,000. Finally, Virtu Financial LLC acquired a new stake in Kforce in the 4th quarter valued at $207,000. 92.77% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, StockNews.com upgraded Kforce from a “hold” rating to a “buy” rating in a research report on Thursday, August 1st. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $68.00.

Kforce Price Performance

NASDAQ:KFRC opened at $62.44 on Monday. The company has a quick ratio of 2.33, a current ratio of 2.33 and a debt-to-equity ratio of 0.22. The stock’s 50 day moving average price is $64.88 and its two-hundred day moving average price is $64.60. The firm has a market capitalization of $1.22 billion, a price-to-earnings ratio of 21.61 and a beta of 0.88. Kforce Inc. has a 12-month low of $55.55 and a 12-month high of $74.79.

Kforce (NASDAQ:KFRC) last issued its quarterly earnings results on Monday, July 29th. The business services provider reported $0.75 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.73 by $0.02. The business had revenue of $356.32 million for the quarter, compared to the consensus estimate of $356.20 million. Kforce had a return on equity of 34.89% and a net margin of 3.56%. The firm’s quarterly revenue was down 8.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.95 earnings per share. On average, analysts anticipate that Kforce Inc. will post 2.7 earnings per share for the current year.

Kforce Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 27th. Investors of record on Friday, September 13th will be issued a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a dividend yield of 2.43%. The ex-dividend date of this dividend is Friday, September 13th. Kforce’s dividend payout ratio (DPR) is 52.60%.

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.