Kforce Inc. (NASDAQ:KFRC) Shares Purchased by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. raised its holdings in Kforce Inc. (NASDAQ:KFRC) by 2.4% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 719,163 shares of the business services provider’s stock after acquiring an additional 17,087 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in Kforce were worth $44,193,000 as of its most recent filing with the SEC.

Other institutional investors also recently made changes to their positions in the company. Blue Trust Inc. lifted its stake in shares of Kforce by 59.9% in the second quarter. Blue Trust Inc. now owns 427 shares of the business services provider’s stock valued at $27,000 after purchasing an additional 160 shares during the period. Kathleen S. Wright Associates Inc. purchased a new position in Kforce in the third quarter valued at about $30,000. nVerses Capital LLC increased its holdings in Kforce by 50.0% in the second quarter. nVerses Capital LLC now owns 900 shares of the business services provider’s stock valued at $56,000 after buying an additional 300 shares in the last quarter. Canada Pension Plan Investment Board acquired a new stake in shares of Kforce during the 2nd quarter valued at approximately $68,000. Finally, Benjamin F. Edwards & Company Inc. boosted its stake in shares of Kforce by 96.0% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 1,313 shares of the business services provider’s stock worth $82,000 after acquiring an additional 643 shares in the last quarter. 92.77% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on KFRC. Sidoti raised Kforce from a “neutral” rating to a “buy” rating and set a $71.00 price objective for the company in a research note on Tuesday, October 15th. Truist Financial lowered their target price on Kforce from $68.00 to $58.00 and set a “hold” rating on the stock in a report on Tuesday, October 29th. Finally, StockNews.com raised Kforce from a “hold” rating to a “buy” rating in a research note on Saturday.

Kforce Trading Up 0.6 %

Shares of KFRC opened at $59.99 on Monday. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.06 and a quick ratio of 2.06. Kforce Inc. has a 1-year low of $52.96 and a 1-year high of $74.79. The stock has a market cap of $1.14 billion, a price-to-earnings ratio of 20.69 and a beta of 0.88. The firm has a 50 day simple moving average of $58.32 and a 200-day simple moving average of $61.63.

Kforce (NASDAQ:KFRC) last released its quarterly earnings results on Monday, October 28th. The business services provider reported $0.75 earnings per share for the quarter, topping the consensus estimate of $0.69 by $0.06. The company 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%. Kforce’s revenue was down 5.3% compared to the same quarter last year. During the same quarter last year, the business posted $0.90 earnings per share. Equities analysts forecast that Kforce Inc. will post 2.68 EPS for the current fiscal year.

Kforce Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Friday, December 6th will be issued a dividend of $0.38 per share. The ex-dividend date is Friday, December 6th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 2.53%. Kforce’s dividend payout ratio (DPR) is presently 52.41%.

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.