Kforce (NASDAQ:KFRC) Reaches New 12-Month Low – Here’s What Happened

Kforce Inc. (NASDAQ:KFRC)’s share price hit a new 52-week low during trading on Friday . The stock traded as low as $47.63 and last traded at $47.70, with a volume of 49371 shares. The stock had previously closed at $49.21.

Analyst Ratings Changes

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

Kforce Trading Down 1.2 %

The stock has a market capitalization of $929.27 million, a PE ratio of 18.14 and a beta of 0.83. The firm has a 50 day moving average price of $52.13 and a 200 day moving average price of $56.46. 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 Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 21st. Stockholders of record on Friday, March 7th were issued a $0.39 dividend. The ex-dividend date was Friday, March 7th. This is a positive change from Kforce’s previous quarterly dividend of $0.38. This represents a $1.56 annualized dividend and a dividend yield of 3.21%. Kforce’s dividend payout ratio is currently 58.21%.

Hedge Funds Weigh In On Kforce

Institutional investors have recently modified their holdings of the business. TD Private Client Wealth LLC grew its holdings 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 acquiring an additional 182 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Kforce in the fourth quarter valued at approximately $42,000. Tower Research Capital LLC TRC grew its holdings in shares of Kforce by 147.3% in the fourth quarter. Tower Research Capital LLC TRC now owns 1,118 shares of the business services provider’s stock valued at $63,000 after acquiring an additional 666 shares in the last quarter. Blue Trust Inc. grew its holdings in shares of Kforce by 17.9% in the fourth quarter. Blue Trust Inc. now owns 1,810 shares of the business services provider’s stock valued at $111,000 after acquiring an additional 275 shares in the last quarter. Finally, PNC Financial Services Group Inc. grew its holdings in shares of Kforce by 23.5% in the fourth quarter. PNC Financial Services Group Inc. now owns 2,547 shares of the business services provider’s stock valued at $144,000 after acquiring an additional 485 shares in the last quarter. 92.77% of the stock is owned by institutional investors.

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.