Royal Bank of Canada grew its holdings in Kforce Inc. (NASDAQ:KFRC – Free Report) by 51.7% in the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 79,717 shares of the business services provider’s stock after buying an additional 27,164 shares during the quarter. Royal Bank of Canada’s holdings in Kforce were worth $2,330,000 at the end of the most recent quarter.
A number of other large investors have also recently made changes to their positions in the business. Quantinno Capital Management LP raised its holdings in shares of Kforce by 88.6% during the first quarter. Quantinno Capital Management LP now owns 73,135 shares of the business services provider’s stock valued at $2,138,000 after acquiring an additional 34,352 shares in the last quarter. Renaissance Technologies LLC lifted its stake in Kforce by 30.8% in the first quarter. Renaissance Technologies LLC now owns 115,649 shares of the business services provider’s stock worth $3,382,000 after acquiring an additional 27,205 shares during the period. Sei Investments Co. boosted its holdings in Kforce by 66.7% in the first quarter. Sei Investments Co. now owns 246,709 shares of the business services provider’s stock valued at $7,214,000 after acquiring an additional 98,736 shares in the last quarter. State of Wyoming boosted its holdings in Kforce by 209.4% in the first quarter. State of Wyoming now owns 6,846 shares of the business services provider’s stock valued at $200,000 after acquiring an additional 4,633 shares in the last quarter. Finally, Cetera Investment Advisers boosted its holdings in Kforce by 43.1% in the first quarter. Cetera Investment Advisers now owns 15,219 shares of the business services provider’s stock valued at $445,000 after acquiring an additional 4,587 shares in the last quarter. 92.77% of the stock is currently owned by institutional investors.
Kforce Price Performance
Shares of KFRC stock opened at $56.91 on Tuesday. The business’s fifty day moving average is $53.48 and its 200 day moving average is $40.75. The company has a quick ratio of 2.06, a current ratio of 2.06 and a debt-to-equity ratio of 0.16. The stock has a market cap of $1.02 billion, a price-to-earnings ratio of 21.24 and a beta of 0.85. Kforce Inc. has a twelve month low of $24.49 and a twelve month high of $61.68.
Kforce Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 25th. Investors of record on Friday, September 11th will be paid a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 2.8%. The ex-dividend date is Friday, September 11th. Kforce’s dividend payout ratio (DPR) is presently 75.47%.
Wall Street Analysts Forecast Growth
Several research analysts have commented on the stock. UBS Group set a $59.00 price objective on shares of Kforce in a report on Tuesday, July 28th. Truist Financial lifted their target price on shares of Kforce from $38.00 to $60.00 and gave the company a “hold” rating in a research note on Wednesday, July 22nd. Zacks Research cut shares of Kforce from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 29th. William Blair raised shares of Kforce from a “market perform” rating to an “outperform” rating in a research note on Tuesday, April 21st. Finally, Robert W. Baird raised their price objective on shares of Kforce from $42.00 to $63.00 and gave the stock an “outperform” rating in a report on Tuesday, July 28th. Two analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, Kforce presently has a consensus rating of “Hold” and an average price target of $60.67.
View Our Latest Research Report on Kforce
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.
See Also
- Five stocks we like better than Kforce
- Commodities Are Booming, But These 3 ETFs Tell Different Stories
- 3 Active ETFs Making Big Moves in August
- This ETF Is Outperforming by Avoiding the S&P 500’s Biggest Problem
- Birkenstock Beats the Skeptics—But Not on EPS
Want to see what other hedge funds are holding KFRC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Kforce Inc. (NASDAQ:KFRC – Free Report).
Receive News & Ratings for Kforce Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kforce and related companies with MarketBeat.com's FREE daily email newsletter.
