Vestcor Inc Sells 3,208 Shares of Kforce Inc. (NASDAQ:KFRC)

Vestcor Inc reduced its holdings in Kforce Inc. (NASDAQ:KFRC) by 57.3% in the fourth quarter, HoldingsChannel reports. The firm owned 2,388 shares of the business services provider’s stock after selling 3,208 shares during the period. Vestcor Inc’s holdings in Kforce were worth $135,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of KFRC. Atria Investments Inc increased its holdings in shares of Kforce by 6.4% during the third quarter. Atria Investments Inc now owns 6,849 shares of the business services provider’s stock valued at $421,000 after acquiring an additional 410 shares in the last quarter. GSA Capital Partners LLP bought a new stake in shares of Kforce during the third quarter valued at approximately $468,000. Advisors Asset Management Inc. increased its holdings in shares of Kforce by 197.3% during the third quarter. Advisors Asset Management Inc. now owns 2,396 shares of the business services provider’s stock valued at $147,000 after acquiring an additional 1,590 shares in the last quarter. Intech Investment Management LLC bought a new stake in shares of Kforce during the third quarter valued at approximately $302,000. Finally, Charles Schwab Investment Management Inc. increased its holdings in shares of Kforce by 2.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 719,163 shares of the business services provider’s stock valued at $44,193,000 after acquiring an additional 17,087 shares in the last quarter. Institutional investors own 92.77% of the company’s stock.

Wall Street Analyst Weigh In

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

Kforce Stock Up 0.7 %

Shares of NASDAQ:KFRC opened at $50.72 on Wednesday. The stock has a market cap of $969.35 million, a price-to-earnings ratio of 18.93 and a beta of 0.83. The company has a quick ratio of 2.06, a current ratio of 2.06 and a debt-to-equity ratio of 0.16. Kforce Inc. has a 12-month low of $48.03 and a 12-month high of $72.19. The business’s 50 day moving average is $52.47 and its 200 day moving average is $56.73.

Kforce Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 21st. Investors of record on Friday, March 7th will be given a dividend of $0.39 per share. This is a boost from Kforce’s previous quarterly dividend of $0.38. The ex-dividend date is Friday, March 7th. This represents a $1.56 annualized dividend and a dividend yield of 3.08%. Kforce’s payout ratio is presently 58.21%.

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.