BNP Paribas Financial Markets Grows Stock Position in Kforce Inc. (NASDAQ:KFRC)

BNP Paribas Financial Markets boosted its stake in Kforce Inc. (NASDAQ:KFRC) by 100.7% in the third quarter, Holdings Channel reports. The fund owned 17,061 shares of the business services provider’s stock after buying an additional 8,561 shares during the quarter. BNP Paribas Financial Markets’ holdings in Kforce were worth $1,048,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Blue Trust Inc. boosted its stake in shares of 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 buying an additional 160 shares during the last quarter. Azzad Asset Management Inc. ADV boosted its stake in shares of Kforce by 1.5% during the 3rd quarter. Azzad Asset Management Inc. ADV now owns 13,189 shares of the business services provider’s stock valued at $810,000 after buying an additional 192 shares during the last quarter. SummerHaven Investment Management LLC boosted its stake in shares of Kforce by 2.1% during the 2nd quarter. SummerHaven Investment Management LLC now owns 12,107 shares of the business services provider’s stock valued at $752,000 after buying an additional 247 shares during the last quarter. nVerses Capital LLC boosted its stake 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 buying an additional 300 shares during the last quarter. Finally, Access Investment Management LLC boosted its stake in shares of Kforce by 0.8% during the 2nd quarter. Access Investment Management LLC now owns 36,275 shares of the business services provider’s stock valued at $2,254,000 after buying an additional 300 shares during the last quarter. Hedge funds and other institutional investors own 92.77% of the company’s stock.

Kforce Stock Performance

Shares of KFRC opened at $60.66 on Wednesday. The business’s fifty day moving average price is $58.28 and its 200 day moving average price is $61.54. Kforce Inc. has a 12-month low of $52.96 and a 12-month high of $74.79. The stock has a market capitalization of $1.16 billion, a PE ratio of 20.92 and a beta of 0.88. 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 (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, 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 firm had revenue of $353.30 million for the quarter, compared to analysts’ expectations of $352.19 million. During the same period last year, the business posted $0.90 earnings per share. The firm’s revenue for the quarter 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 year.

Kforce Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Friday, December 6th will be paid a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a yield of 2.51%. The ex-dividend date is Friday, December 6th. Kforce’s dividend payout ratio (DPR) is presently 52.41%.

Analysts Set New Price Targets

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

Kforce Company 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.