Kforce Inc. (NASDAQ:KFRC) Shares Sold by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lowered its position in shares of Kforce Inc. (NASDAQ:KFRC) by 13.6% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 33,998 shares of the business services provider’s stock after selling 5,343 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Kforce were worth $2,089,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. BNP Paribas Financial Markets lifted its holdings in Kforce by 100.7% during the 3rd quarter. BNP Paribas Financial Markets now owns 17,061 shares of the business services provider’s stock worth $1,048,000 after buying an additional 8,561 shares during the last quarter. Quantbot Technologies LP lifted its holdings in Kforce by 218.4% during the 3rd quarter. Quantbot Technologies LP now owns 4,948 shares of the business services provider’s stock worth $304,000 after buying an additional 3,394 shares during the last quarter. Dynamic Technology Lab Private Ltd bought a new position in Kforce during the 3rd quarter worth approximately $1,114,000. Charles Schwab Investment Management Inc. lifted its holdings in Kforce by 2.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 719,163 shares of the business services provider’s stock worth $44,193,000 after buying an additional 17,087 shares during the last quarter. Finally, Intech Investment Management LLC bought a new position in Kforce during the 3rd quarter worth approximately $302,000. Hedge funds and other institutional investors own 92.77% of the company’s stock.

Kforce Stock Up 0.8 %

KFRC opened at $59.78 on Monday. Kforce Inc. has a 12 month low of $52.96 and a 12 month 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. The stock has a market cap of $1.14 billion, a P/E ratio of 20.61 and a beta of 0.88. The stock’s 50 day moving average price is $58.42 and its 200 day moving average price is $61.51.

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

Kforce Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Friday, December 6th will be given a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a dividend yield of 2.54%. The ex-dividend date is Friday, December 6th. Kforce’s dividend payout ratio (DPR) is presently 52.41%.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on KFRC shares. Truist Financial cut their price target on Kforce from $68.00 to $58.00 and set a “hold” rating on the stock in a report on Tuesday, October 29th. StockNews.com raised Kforce from a “hold” rating to a “buy” rating in a report on Saturday, November 30th. Finally, Sidoti raised Kforce from a “neutral” rating to a “buy” rating and set a $71.00 price target on the stock in a report on Tuesday, October 15th.

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.