Access Investment Management LLC Purchases 265 Shares of Kforce Inc. (NASDAQ:KFRC)

Access Investment Management LLC boosted its position in Kforce Inc. (NASDAQ:KFRC) by 0.7% in the 4th quarter, HoldingsChannel.com reports. The firm owned 36,605 shares of the business services provider’s stock after buying an additional 265 shares during the period. Access Investment Management LLC’s holdings in Kforce were worth $2,076,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also added to or reduced their stakes in the company. TD Private Client Wealth LLC boosted its stake in Kforce by 58.0% in the 3rd 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. Blue Trust Inc. boosted its stake in Kforce by 259.5% in the 3rd quarter. Blue Trust Inc. now owns 1,535 shares of the business services provider’s stock valued at $95,000 after purchasing an additional 1,108 shares during the period. Advisors Asset Management Inc. boosted its stake in Kforce by 197.3% in the 3rd quarter. Advisors Asset Management Inc. now owns 2,396 shares of the business services provider’s stock valued at $147,000 after purchasing an additional 1,590 shares during the period. Paloma Partners Management Co bought a new stake in Kforce in the 3rd quarter valued at $221,000. Finally, Heritage Family Offices LLP acquired a new position in Kforce in the 4th quarter valued at $258,000. 92.77% of the stock is currently owned by institutional investors.

Kforce Trading Down 1.3 %

NASDAQ KFRC opened at $48.53 on Friday. The business’s 50-day moving average price is $54.70 and its two-hundred day moving average price is $58.48. Kforce Inc. has a 12 month low of $48.18 and a 12 month high of $74.79. The firm has a market capitalization of $925.86 million, a PE ratio of 18.11 and a beta of 0.88. The company has a current ratio of 2.06, a quick 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 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 positive change from Kforce’s previous quarterly dividend of $0.38. The ex-dividend date of this dividend is Friday, March 7th. This represents a $1.56 annualized dividend and a dividend yield of 3.21%. Kforce’s dividend payout ratio is presently 58.21%.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on KFRC. StockNews.com raised Kforce from a “hold” rating to a “buy” rating in a report on Saturday, November 30th. Truist Financial lowered their target price on Kforce from $68.00 to $58.00 and set a “hold” rating for the company in a report on Tuesday, October 29th.

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.