Hsbc Holdings PLC lessened its stake in shares of Kforce Inc. (NASDAQ:KFRC – Free Report) by 43.8% during the 1st quarter, Holdings Channel reports. The firm owned 21,682 shares of the business services provider’s stock after selling 16,870 shares during the quarter. Hsbc Holdings PLC’s holdings in Kforce were worth $650,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds have also bought and sold shares of the stock. Deprince Race & Zollo Inc. grew its holdings in shares of Kforce by 30.7% during the fourth quarter. Deprince Race & Zollo Inc. now owns 499,733 shares of the business services provider’s stock worth $15,452,000 after buying an additional 117,290 shares in the last quarter. CWM LLC lifted its stake in Kforce by 105.2% in the 4th quarter. CWM LLC now owns 20,996 shares of the business services provider’s stock valued at $649,000 after acquiring an additional 10,764 shares in the last quarter. AdvisorShares Investments LLC bought a new stake in Kforce in the 4th quarter valued at approximately $475,000. Abacus Wealth Partners LLC acquired a new position in Kforce during the 4th quarter worth approximately $738,000. Finally, Balyasny Asset Management L.P. boosted its position in Kforce by 70.7% during the 2nd quarter. Balyasny Asset Management L.P. now owns 19,823 shares of the business services provider’s stock worth $815,000 after acquiring an additional 8,209 shares during the last quarter. Institutional investors and hedge funds own 92.77% of the company’s stock.
Kforce Stock Performance
Shares of KFRC opened at $56.62 on Friday. The company has a market cap of $1.01 billion, a PE ratio of 21.13 and a beta of 0.87. The firm has a 50-day moving average of $50.47 and a 200-day moving average of $38.74. Kforce Inc. has a one year low of $24.49 and a one year high of $61.68. 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 Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 25th. Investors of record on Friday, September 11th will be issued a dividend of $0.40 per share. The ex-dividend date of this dividend is Friday, September 11th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.8%. Kforce’s payout ratio is presently 75.47%.
Analyst Ratings Changes
A number of research firms have recently issued reports on KFRC. Zacks Research downgraded shares of Kforce from a “strong-buy” rating to a “hold” rating in a report on Monday, June 29th. Robert W. Baird lifted their price target on shares of Kforce from $42.00 to $63.00 and gave the company an “outperform” rating in a research note on Tuesday. William Blair raised shares of Kforce from a “market perform” rating to an “outperform” rating in a research report on Tuesday, April 21st. Truist Financial raised their price objective on Kforce from $38.00 to $60.00 and gave the company a “hold” rating in a report on Wednesday, July 22nd. Finally, UBS Group set a $59.00 target price on Kforce in a report on Tuesday. Two equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $60.67.
Get Our Latest Research Report on KFRC
Kforce Profile
Kforce Inc is a professional staffing services firm headquartered in Tampa, Florida, trading on NASDAQ under the symbol KFRC. The company specializes in connecting organizations with skilled talent in technology, finance and accounting, and related business functions. Through a nationwide network of offices, Kforce partners with clients across industries to deliver both flexible contract staffing and direct hire placement solutions.
Kforce’s core offerings include temporary staffing, permanent placement, and project-based consulting engagements.
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