Jane Street Group LLC Boosts Stock Holdings in Kforce Inc. (NASDAQ:KFRC)

Jane Street Group LLC increased its position in Kforce Inc. (NASDAQ:KFRC) by 210.4% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 53,255 shares of the business services provider’s stock after acquiring an additional 36,098 shares during the period. Jane Street Group LLC’s holdings in Kforce were worth $3,273,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in KFRC. Blue Trust Inc. lifted its stake in Kforce by 59.9% during the 2nd quarter. Blue Trust Inc. now owns 427 shares of the business services provider’s stock valued at $27,000 after acquiring an additional 160 shares during the period. Azzad Asset Management Inc. ADV boosted its holdings in Kforce by 1.5% in the third quarter. Azzad Asset Management Inc. ADV now owns 13,189 shares of the business services provider’s stock worth $810,000 after purchasing an additional 192 shares during the last quarter. Access Investment Management LLC grew its position in Kforce by 0.8% in the 2nd quarter. Access Investment Management LLC now owns 36,275 shares of the business services provider’s stock worth $2,254,000 after purchasing an additional 300 shares during the period. nVerses Capital LLC raised its stake in Kforce by 50.0% during the 2nd 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 during the last quarter. Finally, The Manufacturers Life Insurance Company lifted its holdings in shares of Kforce by 4.1% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 9,508 shares of the business services provider’s stock valued at $591,000 after buying an additional 373 shares during the period. 92.77% of the stock is owned by institutional investors.

Kforce Price Performance

Shares of Kforce stock opened at $56.21 on Friday. The stock has a market cap of $1.07 billion, a P/E ratio of 19.38 and a beta of 0.88. The company has a debt-to-equity ratio of 0.16, a quick ratio of 2.06 and a current ratio of 2.06. The stock’s fifty day moving average is $58.56 and its 200 day moving average is $61.36. Kforce Inc. has a one year low of $52.96 and a one year high of $74.79.

Kforce (NASDAQ:KFRC) last posted its quarterly earnings data on Monday, October 28th. The business services provider reported $0.75 earnings per share for the quarter, beating analysts’ consensus estimates of $0.69 by $0.06. The firm had revenue of $353.30 million for the quarter, compared to analysts’ expectations of $352.19 million. Kforce had a return on equity of 33.50% and a net margin of 3.86%. The business’s quarterly revenue was down 5.3% on a year-over-year basis. During the same period in the previous year, the firm earned $0.90 EPS. Sell-side analysts anticipate that Kforce Inc. will post 2.68 earnings per share for the current year.

Kforce Announces Dividend

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

Analyst Ratings Changes

KFRC has been the subject of several research analyst reports. Sidoti raised Kforce from a “neutral” rating to a “buy” rating and set a $71.00 price objective for the company in a report on Tuesday, October 15th. StockNews.com raised shares of Kforce from a “hold” rating to a “buy” rating in a research report on Saturday, November 30th. Finally, Truist Financial dropped their price objective on shares of Kforce from $68.00 to $58.00 and set a “hold” rating on the stock 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.