Victory Capital Management Inc. Has $1.38 Million Stock Position in Kforce Inc. (NASDAQ:KFRC)

Victory Capital Management Inc. cut its holdings in shares of Kforce Inc. (NASDAQ:KFRC) by 2.1% in the third quarter, HoldingsChannel reports. The fund owned 22,450 shares of the business services provider’s stock after selling 478 shares during the quarter. Victory Capital Management Inc.’s holdings in Kforce were worth $1,380,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of KFRC. Kayne Anderson Rudnick Investment Management LLC grew its position in Kforce by 0.6% during the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 2,402,035 shares of the business services provider’s stock valued at $149,238,000 after purchasing an additional 13,706 shares in the last quarter. Vaughan Nelson Investment Management L.P. boosted its stake in shares of Kforce by 3.3% during the 2nd quarter. Vaughan Nelson Investment Management L.P. now owns 756,788 shares of the business services provider’s stock valued at $47,020,000 after buying an additional 23,920 shares during the period. Tributary Capital Management LLC grew its holdings in shares of Kforce by 0.3% during the 2nd quarter. Tributary Capital Management LLC now owns 307,103 shares of the business services provider’s stock valued at $19,080,000 after acquiring an additional 915 shares in the last quarter. Bank of New York Mellon Corp increased its stake in shares of Kforce by 5.1% in the second quarter. Bank of New York Mellon Corp now owns 148,492 shares of the business services provider’s stock worth $9,226,000 after acquiring an additional 7,214 shares during the last quarter. Finally, Raymond James & Associates raised its holdings in shares of Kforce by 3.8% during the third quarter. Raymond James & Associates now owns 98,253 shares of the business services provider’s stock worth $6,038,000 after acquiring an additional 3,560 shares in the last quarter. Hedge funds and other institutional investors own 92.77% of the company’s stock.

Kforce Trading Up 3.8 %

Kforce stock opened at $60.52 on Tuesday. Kforce Inc. has a one year low of $52.96 and a one year high of $74.79. The company’s fifty day moving average price is $58.59 and its two-hundred day moving average price is $61.79. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.06 and a quick ratio of 2.06. The company has a market capitalization of $1.15 billion, a price-to-earnings ratio of 20.71 and a beta of 0.88.

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

Kforce Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Friday, December 6th will be paid a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a dividend yield of 2.51%. The ex-dividend date of this dividend is Friday, December 6th. Kforce’s payout ratio is 52.41%.

Analyst Ratings Changes

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

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.