Kforce Inc. (NASDAQ:KFRC) Stake Boosted by Polaris Capital Management LLC

Polaris Capital Management LLC boosted its position in shares of Kforce Inc. (NASDAQ:KFRC) by 8.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 35,694 shares of the business services provider’s stock after purchasing an additional 2,700 shares during the period. Polaris Capital Management LLC’s holdings in Kforce were worth $2,024,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Kathleen S. Wright Associates Inc. acquired a new position in Kforce during the 3rd quarter worth $30,000. TD Private Client Wealth LLC increased its position in Kforce by 58.0% during the third quarter. TD Private Client Wealth LLC now owns 496 shares of the business services provider’s stock worth $30,000 after acquiring an additional 182 shares during the period. Blue Trust Inc. raised its stake in Kforce by 259.5% during the 3rd quarter. Blue Trust Inc. now owns 1,535 shares of the business services provider’s stock valued at $95,000 after purchasing an additional 1,108 shares during the last quarter. Advisors Asset Management Inc. boosted its holdings in Kforce by 197.3% in the 3rd quarter. Advisors Asset Management Inc. now owns 2,396 shares of the business services provider’s stock valued at $147,000 after purchasing an additional 1,590 shares during the period. Finally, Sanctuary Advisors LLC acquired a new stake in Kforce in the 2nd quarter worth $211,000. 92.77% of the stock is currently owned by institutional investors and hedge funds.

Kforce Stock Down 0.5 %

Shares of KFRC opened at $51.36 on Tuesday. 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 company has a 50-day moving average price of $56.63 and a two-hundred day moving average price of $59.51. The stock has a market cap of $979.95 million, a price-to-earnings ratio of 19.55 and a beta of 0.88. Kforce Inc. has a 12 month low of $51.11 and a 12 month high of $74.79.

Kforce Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 21st. Shareholders of record on Friday, March 7th will be given a $0.39 dividend. The ex-dividend date of this dividend is Friday, March 7th. This is a positive change from Kforce’s previous quarterly dividend of $0.38. This represents a $1.56 dividend on an annualized basis and a yield of 3.04%. Kforce’s payout ratio is 56.72%.

Wall Street Analyst Weigh In

KFRC has been the subject of several research reports. Sidoti upgraded shares of Kforce from a “neutral” rating to a “buy” rating and set a $71.00 target price for the company in a research note on Tuesday, October 15th. StockNews.com raised Kforce from a “hold” rating to a “buy” rating in a report on Saturday, November 30th. Finally, Truist Financial cut their target price on Kforce from $68.00 to $58.00 and set a “hold” rating for the company in a research note on Tuesday, October 29th.

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.