Blue Trust Inc. Purchases 275 Shares of Kforce Inc. (NASDAQ:KFRC)

Blue Trust Inc. raised its position in shares of Kforce Inc. (NASDAQ:KFRC) by 17.9% during the fourth quarter, HoldingsChannel.com reports. The fund owned 1,810 shares of the business services provider’s stock after buying an additional 275 shares during the quarter. Blue Trust Inc.’s holdings in Kforce were worth $111,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of KFRC. TD Private Client Wealth LLC grew its stake in Kforce by 58.0% during the third quarter. TD Private Client Wealth LLC now owns 496 shares of the business services provider’s stock worth $30,000 after purchasing an additional 182 shares during the period. Exchange Traded Concepts LLC increased its stake in Kforce by 6.0% in the fourth quarter. Exchange Traded Concepts LLC now owns 5,154 shares of the business services provider’s stock valued at $292,000 after purchasing an additional 293 shares in the last quarter. The Manufacturers Life Insurance Company boosted its position 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 worth $591,000 after purchasing an additional 373 shares in the last quarter. Inspire Investing LLC raised its stake in Kforce by 5.9% during the 4th quarter. Inspire Investing LLC now owns 7,067 shares of the business services provider’s stock worth $401,000 after buying an additional 394 shares during the period. Finally, Atria Investments Inc increased its holdings in shares of Kforce by 6.4% during the third quarter. Atria Investments Inc now owns 6,849 shares of the business services provider’s stock valued at $421,000 after acquiring an additional 410 shares in the last quarter. 92.77% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on KFRC shares. StockNews.com upgraded Kforce from a “hold” rating to a “buy” rating in a report on Saturday, November 30th. Truist Financial dropped their price target on shares of Kforce from $68.00 to $58.00 and set a “hold” rating on the stock in a research report on Tuesday, October 29th. Finally, 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.

Kforce Stock Performance

Shares of KFRC opened at $52.43 on Friday. 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 firm has a market cap of $1.00 billion, a PE ratio of 18.08 and a beta of 0.88. Kforce Inc. has a 1 year low of $52.08 and a 1 year high of $74.79. The stock’s fifty day moving average price is $57.00 and its two-hundred day moving average price is $59.85.

Kforce Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 21st. Shareholders of record on Friday, March 7th will be given a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a yield of 2.98%. The ex-dividend date is Friday, March 7th. This is a positive change from Kforce’s previous quarterly dividend of $0.38. Kforce’s dividend payout ratio (DPR) is currently 52.41%.

About Kforce

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.