Kforce Inc. (NASDAQ:KFRC) Shares Acquired by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company boosted its stake in Kforce Inc. (NASDAQ:KFRC) by 4.1% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 9,508 shares of the business services provider’s stock after acquiring an additional 373 shares during the quarter. The Manufacturers Life Insurance Company’s holdings in Kforce were worth $591,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Vaughan Nelson Investment Management L.P. grew its position in shares of Kforce by 14.6% in the 1st quarter. Vaughan Nelson Investment Management L.P. now owns 732,868 shares of the business services provider’s stock worth $51,682,000 after acquiring an additional 93,180 shares in the last quarter. SG Americas Securities LLC acquired a new stake in Kforce during the second quarter valued at approximately $718,000. Sei Investments Co. boosted its stake in shares of Kforce by 36.1% during the 1st quarter. Sei Investments Co. now owns 45,459 shares of the business services provider’s stock worth $3,207,000 after acquiring an additional 12,050 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC boosted its position in shares of Kforce by 0.6% in the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 2,402,035 shares of the business services provider’s stock valued at $149,238,000 after purchasing an additional 13,706 shares during the period. Finally, Hantz Financial Services Inc. acquired a new position in shares of Kforce in the second quarter worth about $1,488,000. 92.77% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on KFRC shares. StockNews.com raised Kforce from a “hold” rating to a “buy” rating in a research note on Thursday, August 1st. 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. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, Kforce presently has an average rating of “Moderate Buy” and a consensus price target of $68.75.

Kforce Trading Up 2.3 %

Shares of KFRC stock opened at $57.51 on Wednesday. The company has a current ratio of 2.33, a quick ratio of 2.33 and a debt-to-equity ratio of 0.22. The firm has a market capitalization of $1.12 billion, a P/E ratio of 19.90 and a beta of 0.87. The firm’s fifty day simple moving average is $62.13 and its 200 day simple moving average is $63.30. Kforce Inc. has a 1 year low of $55.15 and a 1 year high of $74.79.

Kforce (NASDAQ:KFRC) last announced its quarterly earnings data on Monday, July 29th. The business services provider reported $0.75 earnings per share for the quarter, topping the consensus estimate of $0.73 by $0.02. The company had revenue of $356.32 million for the quarter, compared to analyst estimates of $356.20 million. Kforce had a return on equity of 34.89% and a net margin of 3.56%. Kforce’s revenue for the quarter was down 8.4% compared to the same quarter last year. During the same quarter last year, the firm earned $0.95 EPS. As a group, sell-side analysts predict that Kforce Inc. will post 2.7 EPS for the current year.

Kforce Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Friday, September 13th were given a dividend of $0.38 per share. The ex-dividend date of this dividend was Friday, September 13th. This represents a $1.52 annualized dividend and a dividend yield of 2.64%. Kforce’s dividend payout ratio (DPR) is presently 52.60%.

Kforce 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.