Kathleen S. Wright Associates Inc. Invests $30,000 in Kforce Inc. (NASDAQ:KFRC)

Kathleen S. Wright Associates Inc. acquired a new stake in Kforce Inc. (NASDAQ:KFRC) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 489 shares of the business services provider’s stock, valued at approximately $30,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of KFRC. Vaughan Nelson Investment Management L.P. lifted its stake in Kforce by 14.6% in the 1st quarter. Vaughan Nelson Investment Management L.P. now owns 732,868 shares of the business services provider’s stock worth $51,682,000 after purchasing an additional 93,180 shares in the last quarter. Wellington Management Group LLP grew its stake in shares of Kforce by 151.5% in the 4th quarter. Wellington Management Group LLP now owns 62,280 shares of the business services provider’s stock valued at $4,208,000 after buying an additional 37,512 shares during the period. Hantz Financial Services Inc. purchased a new stake in shares of Kforce in the 2nd quarter valued at approximately $1,488,000. Aptus Capital Advisors LLC increased its holdings in shares of Kforce by 24.8% during the 2nd quarter. Aptus Capital Advisors LLC now owns 75,081 shares of the business services provider’s stock worth $4,665,000 after buying an additional 14,925 shares during the last quarter. Finally, Kayne Anderson Rudnick Investment Management LLC lifted its stake in shares of Kforce by 0.6% in the 2nd 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 during the last quarter. 92.77% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, StockNews.com raised Kforce from a “hold” rating to a “buy” rating in a research report on Thursday, August 1st. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, Kforce presently has a consensus rating of “Hold” and a consensus target price of $68.00.

Kforce Stock Performance

NASDAQ KFRC traded up $0.13 during trading hours on Monday, hitting $56.22. 17,412 shares of the stock were exchanged, compared to its average volume of 101,429. Kforce Inc. has a 12-month low of $55.15 and a 12-month high of $74.79. The stock has a 50-day moving average of $62.26 and a 200 day moving average of $63.40. The company has a market cap of $1.09 billion, a price-to-earnings ratio of 20.85 and a beta of 0.87. The company has a quick ratio of 2.33, a current ratio of 2.33 and a debt-to-equity ratio of 0.22.

Kforce (NASDAQ:KFRC) last released its earnings results on Monday, July 29th. The business services provider reported $0.75 EPS for the quarter, beating analysts’ consensus estimates of $0.73 by $0.02. Kforce had a return on equity of 34.89% and a net margin of 3.56%. The company had revenue of $356.32 million during the quarter, compared to the consensus estimate of $356.20 million. During the same quarter last year, the company earned $0.95 earnings per share. Kforce’s quarterly revenue was down 8.4% compared to the same quarter last year. As a group, equities research analysts forecast that Kforce Inc. will post 2.7 earnings per share for the current year.

Kforce Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Friday, September 13th were issued a $0.38 dividend. This represents a $1.52 annualized dividend and a yield of 2.70%. The ex-dividend date was Friday, September 13th. Kforce’s dividend payout ratio (DPR) is 56.51%.

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.