3,655 Shares in Kforce Inc. (NASDAQ:KFRC) Purchased by Callan Family Office LLC

Callan Family Office LLC purchased a new position in Kforce Inc. (NASDAQ:KFRC) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 3,655 shares of the business services provider’s stock, valued at approximately $207,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Charles Schwab Investment Management Inc. grew its position in Kforce by 5.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 758,963 shares of the business services provider’s stock worth $43,033,000 after acquiring an additional 39,800 shares in the last quarter. Geode Capital Management LLC grew its position in Kforce by 4.0% in the third quarter. Geode Capital Management LLC now owns 480,479 shares of the business services provider’s stock worth $29,530,000 after acquiring an additional 18,386 shares in the last quarter. Tributary Capital Management LLC grew its position in 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 acquiring an additional 117,231 shares in the last quarter. Wellington Management Group LLP grew its position in Kforce by 6.7% in the third quarter. Wellington Management Group LLP now owns 218,011 shares of the business services provider’s stock worth $13,397,000 after acquiring an additional 13,631 shares in the last quarter. Finally, Hotchkis & Wiley Capital Management LLC grew its position in Kforce by 28.4% in the third quarter. Hotchkis & Wiley Capital Management LLC now owns 186,016 shares of the business services provider’s stock worth $11,431,000 after acquiring an additional 41,180 shares in the last quarter. Hedge funds and other institutional investors own 92.77% of the company’s stock.

Kforce Stock Up 0.2 %

Shares of NASDAQ:KFRC opened at $51.59 on Wednesday. Kforce Inc. has a 1 year low of $48.03 and a 1 year high of $72.19. The business has a 50 day simple moving average of $53.17 and a two-hundred day simple moving average of $57.37. The firm has a market capitalization of $985.86 million, a PE ratio of 19.25 and a beta of 0.83. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.06 and a quick ratio of 2.06.

Kforce Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 21st. Shareholders of record on Friday, March 7th will be given a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a dividend yield of 3.02%. The ex-dividend date is Friday, March 7th. This is a positive change from Kforce’s previous quarterly dividend of $0.38. Kforce’s payout ratio is 58.21%.

Analyst Upgrades and Downgrades

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

About Kforce

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.