MML Investors Services LLC Reduces Stock Holdings in Kforce Inc. (NASDAQ:KFRC)

MML Investors Services LLC lowered its holdings in shares of Kforce Inc. (NASDAQ:KFRC) by 16.5% in the 3rd quarter, Holdings Channel.com reports. The firm owned 4,328 shares of the business services provider’s stock after selling 853 shares during the quarter. MML Investors Services LLC’s holdings in Kforce were worth $266,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the business. Kathleen S. Wright Associates Inc. purchased a new stake in Kforce during the third quarter valued at approximately $30,000. nVerses Capital LLC grew its position in shares of 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 acquiring an additional 300 shares during the period. Canada Pension Plan Investment Board purchased a new stake in shares of Kforce in the 2nd quarter worth $68,000. Benjamin F. Edwards & Company Inc. raised its holdings in Kforce by 96.0% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 1,313 shares of the business services provider’s stock worth $82,000 after purchasing an additional 643 shares during the period. Finally, Blue Trust Inc. lifted its position in Kforce by 259.5% during the third 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 in the last quarter. Institutional investors own 92.77% of the company’s stock.

Kforce Stock Performance

NASDAQ:KFRC opened at $56.62 on Thursday. The stock has a 50-day moving average price of $58.53 and a 200 day moving average price of $61.28. The stock has a market capitalization of $1.08 billion, a P/E ratio of 19.52 and a beta of 0.88. Kforce Inc. has a 12-month low of $52.96 and a 12-month high of $74.79. 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 (NASDAQ:KFRC) last announced its quarterly earnings data on Monday, October 28th. The business services provider reported $0.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.69 by $0.06. Kforce had a net margin of 3.86% and a return on equity of 33.50%. The business had revenue of $353.30 million during the quarter, compared to analyst estimates of $352.19 million. During the same period last year, the firm posted $0.90 EPS. The company’s revenue was down 5.3% on a year-over-year basis. Equities research analysts forecast that Kforce Inc. will post 2.68 EPS for the current fiscal year.

Kforce Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 20th. Shareholders of record on Friday, December 6th were paid a $0.38 dividend. This represents a $1.52 annualized dividend and a yield of 2.68%. The ex-dividend date was Friday, December 6th. Kforce’s payout ratio is currently 52.41%.

Analysts Set New Price Targets

A number of analysts have commented on KFRC shares. Truist Financial reduced their price target on Kforce from $68.00 to $58.00 and set a “hold” rating for the company in a research report on Tuesday, October 29th. StockNews.com upgraded shares of Kforce from a “hold” rating to a “buy” rating in a research note on Saturday, November 30th. Finally, Sidoti upgraded shares of Kforce from a “neutral” rating to a “buy” rating and set a $71.00 price target for the company in a research report on Tuesday, October 15th.

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.