Kforce (NASDAQ:KFRC) Reaches New 52-Week Low – Should You Sell?

Kforce Inc. (NASDAQ:KFRC) reached a new 52-week low on Wednesday . The stock traded as low as $50.97 and last traded at $51.47, with a volume of 117480 shares trading hands. The stock had previously closed at $51.30.

Wall Street Analysts Forecast Growth

A number of analysts have commented on KFRC shares. Truist Financial decreased their target price on Kforce from $68.00 to $58.00 and set a “hold” rating on the stock in a research report on Tuesday, October 29th. StockNews.com raised Kforce from a “hold” rating to a “buy” rating in a research note on Saturday, November 30th. Finally, 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 research note on Tuesday, October 15th.

Kforce Trading Up 0.3 %

The company has a debt-to-equity ratio of 0.16, a quick ratio of 2.06 and a current ratio of 2.06. The business has a fifty day simple moving average of $56.44 and a 200 day simple moving average of $59.39. The stock has a market cap of $982.12 million, a price-to-earnings ratio of 19.21 and a beta of 0.88.

Kforce Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 21st. Investors of record on Friday, March 7th will be paid a dividend of $0.39 per share. The ex-dividend date of this dividend is Friday, March 7th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 3.03%. This is a positive change from Kforce’s previous quarterly dividend of $0.38. Kforce’s dividend payout ratio (DPR) is presently 56.72%.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in KFRC. Charles Schwab Investment Management Inc. grew its holdings in shares of Kforce by 5.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 758,963 shares of the business services provider’s stock worth $43,033,000 after buying an additional 39,800 shares in the last quarter. Geode Capital Management LLC boosted its position in Kforce by 4.0% during the third quarter. Geode Capital Management LLC now owns 480,479 shares of the business services provider’s stock worth $29,530,000 after acquiring an additional 18,386 shares during the last quarter. Tributary Capital Management LLC grew its stake in Kforce by 38.3% in the 4th quarter. Tributary Capital Management LLC now owns 422,930 shares of the business services provider’s stock worth $23,980,000 after acquiring an additional 117,231 shares during the period. Wellington Management Group LLP raised its holdings in Kforce by 6.7% in the 3rd quarter. Wellington Management Group LLP now owns 218,011 shares of the business services provider’s stock valued at $13,397,000 after acquiring an additional 13,631 shares during the last quarter. Finally, Hotchkis & Wiley Capital Management LLC lifted its stake in shares of Kforce by 28.4% during the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 186,016 shares of the business services provider’s stock worth $11,431,000 after purchasing an additional 41,180 shares during the period. Institutional investors and hedge funds own 92.77% of the company’s stock.

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.