Aptus Capital Advisors LLC Increases Position in Kforce Inc. (NASDAQ:KFRC)

Aptus Capital Advisors LLC raised its holdings in shares of Kforce Inc. (NASDAQ:KFRC) by 15.6% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 86,815 shares of the business services provider’s stock after purchasing an additional 11,734 shares during the quarter. Aptus Capital Advisors LLC’s holdings in Kforce were worth $5,335,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of KFRC. Blue Trust Inc. boosted its position in shares of Kforce by 59.9% during the second quarter. Blue Trust Inc. now owns 427 shares of the business services provider’s stock valued at $27,000 after buying an additional 160 shares during the period. Kathleen S. Wright Associates Inc. purchased a new position in shares of Kforce during the third quarter valued at approximately $30,000. nVerses Capital LLC boosted its position in shares of Kforce by 50.0% during the second 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 during the period. Canada Pension Plan Investment Board purchased a new position in shares of Kforce during the second quarter valued at approximately $68,000. Finally, Benjamin F. Edwards & Company Inc. boosted its position in shares of Kforce by 96.0% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 1,313 shares of the business services provider’s stock valued at $82,000 after buying an additional 643 shares during the period. Hedge funds and other institutional investors own 92.77% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on KFRC shares. Sidoti upgraded Kforce from a “neutral” rating to a “buy” rating and set a $71.00 price target for the company in a report on Tuesday, October 15th. StockNews.com lowered Kforce from a “buy” rating to a “hold” rating in a report on Thursday, October 31st. Finally, Truist Financial lowered their price target on Kforce from $68.00 to $58.00 and set a “hold” rating for the company in a report on Tuesday, October 29th. Two research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $66.67.

Kforce Stock Down 1.2 %

Kforce stock opened at $61.19 on Wednesday. The business has a fifty day moving average of $59.26 and a two-hundred day moving average of $62.07. The company has a quick ratio of 2.06, a current ratio of 2.06 and a debt-to-equity ratio of 0.16. The firm has a market cap of $1.17 billion, a P/E ratio of 21.35 and a beta of 0.88. Kforce Inc. has a twelve month low of $52.96 and a twelve month high of $74.79.

Kforce (NASDAQ:KFRC) last posted its earnings results on Monday, October 28th. The business services provider reported $0.75 earnings per share for the quarter, topping analysts’ consensus estimates of $0.69 by $0.06. The company had revenue of $353.30 million during the quarter, compared to analyst estimates of $352.19 million. Kforce had a return on equity of 33.50% and a net margin of 3.86%. Kforce’s revenue was down 5.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.90 earnings per share. On average, analysts forecast that Kforce Inc. will post 2.68 earnings per share for the current fiscal year.

Kforce Announces Dividend

The firm 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 dividend on an annualized basis and a dividend yield of 2.48%. The ex-dividend date of this dividend is Friday, December 6th. Kforce’s payout ratio is presently 52.41%.

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.