Copeland Capital Management LLC Has $33.13 Million Stock Holdings in Kforce Inc. (NASDAQ:KFRC)

Copeland Capital Management LLC boosted its position in shares of Kforce Inc. (NASDAQ:KFRC) by 0.2% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 539,205 shares of the business services provider’s stock after purchasing an additional 1,039 shares during the period. Copeland Capital Management LLC owned about 2.77% of Kforce worth $33,134,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the company. Kayne Anderson Rudnick Investment Management LLC boosted its holdings 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 worth $149,238,000 after acquiring an additional 13,706 shares in the last quarter. Vaughan Nelson Investment Management L.P. boosted its stake in Kforce by 3.3% in the second quarter. Vaughan Nelson Investment Management L.P. now owns 756,788 shares of the business services provider’s stock worth $47,020,000 after purchasing an additional 23,920 shares in the last quarter. Tributary Capital Management LLC grew its holdings in shares of Kforce by 0.3% during the second quarter. Tributary Capital Management LLC now owns 307,103 shares of the business services provider’s stock worth $19,080,000 after purchasing an additional 915 shares during the last quarter. Bank of New York Mellon Corp increased its stake in shares of Kforce by 5.1% in the second quarter. Bank of New York Mellon Corp now owns 148,492 shares of the business services provider’s stock valued at $9,226,000 after buying an additional 7,214 shares in the last quarter. Finally, Raymond James & Associates raised its holdings in shares of Kforce by 3.8% in the third quarter. Raymond James & Associates now owns 98,253 shares of the business services provider’s stock valued at $6,038,000 after buying an additional 3,560 shares during the last quarter. Institutional investors and hedge funds own 92.77% of the company’s stock.

Kforce Stock Performance

Kforce stock opened at $53.57 on Tuesday. Kforce Inc. has a 1 year low of $53.55 and a 1 year high of $74.79. The company’s 50-day moving average is $61.45 and its two-hundred day moving average is $62.86. The company has a current ratio of 2.33, a quick ratio of 2.33 and a debt-to-equity ratio of 0.22. The company has a market cap of $1.04 billion, a PE ratio of 18.22 and a beta of 0.87.

Kforce (NASDAQ:KFRC) last announced its quarterly earnings data on Monday, July 29th. The business services provider reported $0.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.73 by $0.02. The firm had revenue of $356.32 million for the quarter, compared to analysts’ expectations of $356.20 million. Kforce had a net margin of 3.56% and a return on equity of 34.89%. The business’s revenue for the quarter was down 8.4% on a year-over-year basis. During the same period last year, the firm earned $0.95 earnings per share. Equities analysts anticipate that Kforce Inc. will post 2.7 earnings per share for the current year.

Kforce Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Friday, September 13th were paid a $0.38 dividend. This represents a $1.52 annualized dividend and a yield of 2.84%. The ex-dividend date was Friday, September 13th. Kforce’s payout ratio is 56.51%.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on KFRC shares. Sidoti raised shares of Kforce from a “neutral” rating to a “buy” rating and set a $71.00 price objective on the stock in a report on Tuesday, October 15th. StockNews.com raised shares of Kforce from a “hold” rating to a “buy” rating in a report on Thursday, August 1st. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $68.75.

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.