Heritage Family Offices LLP Buys Shares of 4,558 Kforce Inc. (NASDAQ:KFRC)

Heritage Family Offices LLP purchased a new position in shares of Kforce Inc. (NASDAQ:KFRC) in the 4th quarter, Holdings Channel.com reports. The institutional investor purchased 4,558 shares of the business services provider’s stock, valued at approximately $258,000.

Several other large investors also recently added to or reduced their stakes in the company. Harbor Capital Advisors Inc. lifted its holdings in Kforce by 10.6% during the fourth quarter. Harbor Capital Advisors Inc. now owns 9,307 shares of the business services provider’s stock valued at $528,000 after purchasing an additional 889 shares during the last quarter. TD Private Client Wealth LLC raised its position in shares of Kforce by 58.0% in the third quarter. TD Private Client Wealth LLC now owns 496 shares of the business services provider’s stock valued at $30,000 after purchasing an additional 182 shares during the period. Geode Capital Management LLC lifted its stake in shares of Kforce by 4.0% during 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 buying an additional 18,386 shares in the last quarter. Vestcor Inc boosted its holdings in Kforce by 139.1% in the 3rd quarter. Vestcor Inc now owns 5,596 shares of the business services provider’s stock worth $344,000 after buying an additional 3,256 shares during the period. Finally, Barclays PLC grew its stake in Kforce by 171.9% in the 3rd quarter. Barclays PLC now owns 42,166 shares of the business services provider’s stock valued at $2,591,000 after buying an additional 26,657 shares in the last quarter. Hedge funds and other institutional investors own 92.77% of the company’s stock.

Kforce Trading Up 1.3 %

Shares of KFRC stock opened at $56.38 on Thursday. The company has a market capitalization of $1.08 billion, a PE ratio of 18.54 and a beta of 0.89. Kforce Inc. has a 52-week low of $52.96 and a 52-week high of $74.79. The business’s fifty day moving average is $58.35 and its 200 day moving average is $60.67. The company has a debt-to-equity ratio of 0.16, a quick ratio of 2.06 and a current ratio of 2.06.

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

Kforce Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, December 20th. Stockholders of record on Friday, December 6th were issued a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a dividend yield of 2.70%. The ex-dividend date was Friday, December 6th. Kforce’s payout ratio is 52.41%.

Analysts Set New Price Targets

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

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.