Annex Advisory Services LLC Grows Stock Holdings in Kforce Inc. (NASDAQ:KFRC)

Annex Advisory Services LLC raised its position in shares of Kforce Inc. (NASDAQ:KFRC) by 59.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 19,436 shares of the business services provider’s stock after buying an additional 7,225 shares during the period. Annex Advisory Services LLC’s holdings in Kforce were worth $1,102,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Kathleen S. Wright Associates Inc. purchased a new position in shares of Kforce during the third quarter worth $30,000. TD Private Client Wealth LLC raised its stake 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. Canada Pension Plan Investment Board acquired a new stake in shares of Kforce in the second quarter valued at $68,000. Benjamin F. Edwards & Company Inc. raised its stake in shares of Kforce by 96.0% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 1,313 shares of the business services provider’s stock valued at $82,000 after acquiring an additional 643 shares in the last quarter. Finally, Blue Trust Inc. raised its stake in shares of Kforce by 259.5% in the third quarter. Blue Trust Inc. now owns 1,535 shares of the business services provider’s stock valued at $95,000 after acquiring an additional 1,108 shares in the last quarter. 92.77% of the stock is currently owned by hedge funds and other institutional investors.

Kforce Stock Performance

NASDAQ KFRC opened at $56.30 on Tuesday. The company has a current ratio of 2.06, a quick ratio of 2.06 and a debt-to-equity ratio of 0.16. The business’s 50 day moving average is $58.02 and its two-hundred day moving average is $60.54. Kforce Inc. has a 12-month low of $52.96 and a 12-month high of $74.79. The stock has a market capitalization of $1.07 billion, a price-to-earnings ratio of 19.41 and a beta of 0.89.

Kforce (NASDAQ:KFRC) last announced its quarterly earnings results on Monday, October 28th. The business services provider reported $0.75 EPS for the quarter, topping the consensus estimate of $0.69 by $0.06. The business had revenue of $353.30 million for the quarter, compared to analyst estimates of $352.19 million. Kforce had a return on equity of 33.50% and a net margin of 3.86%. The company’s quarterly revenue was down 5.3% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.90 EPS. Research analysts expect that Kforce Inc. will post 2.68 EPS for the current year.

Kforce Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, December 20th. Stockholders of record on Friday, December 6th were paid a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a dividend yield of 2.70%. The ex-dividend date of this dividend was Friday, December 6th. Kforce’s dividend payout ratio (DPR) is 52.41%.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the company. StockNews.com upgraded Kforce from a “hold” rating to a “buy” rating in a research note on Saturday, November 30th. Truist Financial dropped their price objective on Kforce from $68.00 to $58.00 and set a “hold” rating on the stock in a report on Tuesday, October 29th. 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 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.