87,318 Shares in Kforce Inc. (NASDAQ:KFRC) Purchased by Proficio Capital Partners LLC

Proficio Capital Partners LLC bought a new stake in Kforce Inc. (NASDAQ:KFRC) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 87,318 shares of the business services provider’s stock, valued at approximately $4,951,000. Proficio Capital Partners LLC owned approximately 0.46% of Kforce as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently bought and sold shares of KFRC. Tributary Capital Management LLC lifted its position in shares of Kforce by 38.3% in the fourth quarter. Tributary Capital Management LLC now owns 422,930 shares of the business services provider’s stock worth $23,980,000 after purchasing an additional 117,231 shares in the last quarter. Hotchkis & Wiley Capital Management LLC increased its stake in Kforce by 28.4% in the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 186,016 shares of the business services provider’s stock valued at $11,431,000 after buying an additional 41,180 shares during the last quarter. Jane Street Group LLC lifted its position in Kforce by 210.4% during the 3rd quarter. Jane Street Group LLC now owns 53,255 shares of the business services provider’s stock worth $3,273,000 after buying an additional 36,098 shares in the last quarter. Barclays PLC boosted its stake in shares of Kforce by 171.9% during the 3rd quarter. Barclays PLC now owns 42,166 shares of the business services provider’s stock worth $2,591,000 after buying an additional 26,657 shares during the last quarter. Finally, Geode Capital Management LLC grew its holdings in shares of Kforce by 4.0% in the 3rd quarter. Geode Capital Management LLC now owns 480,479 shares of the business services provider’s stock valued at $29,530,000 after acquiring an additional 18,386 shares in the last quarter. Institutional investors and hedge funds own 92.77% of the company’s stock.

Kforce Stock Performance

NASDAQ KFRC opened at $49.07 on Tuesday. The firm has a market capitalization of $937.76 million, a P/E ratio of 18.31 and a beta of 0.88. The company has a current ratio of 2.06, a quick ratio of 2.06 and a debt-to-equity ratio of 0.16. The firm’s fifty day moving average price is $53.94 and its two-hundred day moving average price is $57.98. Kforce Inc. has a 1 year low of $48.03 and a 1 year high of $74.79.

Kforce Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 21st. Stockholders of record on Friday, March 7th will be issued a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a dividend yield of 3.18%. This is a boost from Kforce’s previous quarterly dividend of $0.38. The ex-dividend date is Friday, March 7th. Kforce’s dividend payout ratio is presently 58.21%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded Kforce from a “hold” rating to a “buy” rating in a report on Saturday, November 30th.

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.