Voloridge Investment Management LLC Purchases 60,669 Shares of Kforce Inc. (NASDAQ:KFRC)

Voloridge Investment Management LLC boosted its position in Kforce Inc. (NASDAQ:KFRC) by 670.8% during the 4th quarter, Holdings Channel.com reports. The fund owned 69,713 shares of the business services provider’s stock after buying an additional 60,669 shares during the quarter. Voloridge Investment Management LLC’s holdings in Kforce were worth $3,953,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in KFRC. Barclays PLC boosted its holdings in Kforce by 171.9% in the third quarter. Barclays PLC now owns 42,166 shares of the business services provider’s stock valued at $2,591,000 after acquiring an additional 26,657 shares during the last quarter. Janney Montgomery Scott LLC boosted its holdings in Kforce by 2.1% during the fourth quarter. Janney Montgomery Scott LLC now owns 34,523 shares of the business services provider’s stock worth $1,957,000 after buying an additional 708 shares during the last quarter. Exchange Traded Concepts LLC boosted its holdings in Kforce by 6.0% during the fourth quarter. Exchange Traded Concepts LLC now owns 5,154 shares of the business services provider’s stock worth $292,000 after buying an additional 293 shares during the last quarter. Blue Trust Inc. boosted its holdings in Kforce by 17.9% during the fourth quarter. Blue Trust Inc. now owns 1,810 shares of the business services provider’s stock worth $111,000 after buying an additional 275 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. boosted its holdings in Kforce by 18.0% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 12,657 shares of the business services provider’s stock worth $718,000 after buying an additional 1,935 shares during the last quarter. Institutional investors own 92.77% of the company’s stock.

Insider Activity

In other news, Director David L. Dunkel bought 1,000 shares of the company’s stock in a transaction that occurred on Monday, May 5th. The shares were acquired at an average price of $37.80 per share, with a total value of $37,800.00. Following the transaction, the director now owns 517,329 shares in the company, valued at $19,555,036.20. This represents a 0.19% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 4.40% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on KFRC shares. UBS Group reduced their target price on Kforce from $47.00 to $40.00 and set a “neutral” rating on the stock in a report on Wednesday, April 30th. Wall Street Zen cut Kforce from a “buy” rating to a “hold” rating in a report on Friday, May 2nd. Finally, Truist Financial reduced their target price on Kforce from $58.00 to $50.00 and set a “hold” rating on the stock in a report on Tuesday, April 15th.

Kforce Trading Up 3.1%

NASDAQ:KFRC opened at $41.62 on Wednesday. Kforce Inc. has a fifty-two week low of $35.50 and a fifty-two week high of $71.48. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.06 and a quick ratio of 2.06. The stock has a market capitalization of $775.38 million, a PE ratio of 15.53 and a beta of 0.74. The business’s 50-day simple moving average is $43.55 and its 200-day simple moving average is $51.13.

Kforce (NASDAQ:KFRC) last released its quarterly earnings data on Monday, April 28th. The business services provider reported $0.45 earnings per share for the quarter, missing the consensus estimate of $0.48 by ($0.03). Kforce had a net margin of 3.59% and a return on equity of 30.34%. The business had revenue of $330.03 million for the quarter, compared to the consensus estimate of $334.61 million. During the same quarter last year, the firm earned $0.58 EPS. The company’s revenue for the quarter was down 6.2% on a year-over-year basis. Sell-side analysts expect that Kforce Inc. will post 2.7 earnings per share for the current fiscal year.

Kforce Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 27th. Stockholders of record on Friday, June 13th will be issued a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a dividend yield of 3.75%. The ex-dividend date of this dividend is Friday, June 13th. Kforce’s dividend payout ratio (DPR) is presently 61.18%.

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.