Kforce Inc. (NASDAQ:KFRC) Stock Holdings Decreased by Parametric Portfolio Associates LLC

Parametric Portfolio Associates LLC reduced its position in Kforce Inc. (NASDAQ:KFRC) by 22.9% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 56,436 shares of the business services provider’s stock after selling 16,799 shares during the period. Parametric Portfolio Associates LLC’s holdings in Kforce were worth $1,443,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Great West Life Assurance Co. Can purchased a new position in shares of Kforce in the fourth quarter worth approximately $69,000. Victory Capital Management Inc. grew its position in Kforce by 8.8% during the fourth quarter. Victory Capital Management Inc. now owns 4,630 shares of the business services provider’s stock valued at $184,000 after purchasing an additional 373 shares in the last quarter. BNP Paribas Arbitrage SA grew its position in Kforce by 57.8% during the first quarter. BNP Paribas Arbitrage SA now owns 6,792 shares of the business services provider’s stock valued at $174,000 after purchasing an additional 2,489 shares in the last quarter. Keebeck Alpha LP grew its position in Kforce by 52.7% during the first quarter. Keebeck Alpha LP now owns 8,036 shares of the business services provider’s stock valued at $205,000 after purchasing an additional 2,774 shares in the last quarter. Finally, Smith Asset Management Group LP purchased a new position in Kforce during the first quarter valued at approximately $209,000. 82.15% of the stock is currently owned by institutional investors and hedge funds.

A number of research analysts recently commented on KFRC shares. William Blair downgraded shares of Kforce from an “outperform” rating to a “market perform” rating in a research report on Monday, March 23rd. Credit Suisse Group boosted their price objective on shares of Kforce from $26.00 to $32.00 and gave the company a “neutral” rating in a research report on Thursday, May 7th. BidaskClub downgraded shares of Kforce from a “hold” rating to a “sell” rating in a research report on Tuesday, June 23rd. Sidoti downgraded shares of Kforce from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $35.00 to $33.00 in a research report on Thursday, May 28th. Finally, Northcoast Research reissued a “neutral” rating on shares of Kforce in a research report on Thursday, May 7th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $32.00.

In related news, President Joseph J. Liberatore sold 38,315 shares of the company’s stock in a transaction on Wednesday, June 17th. The shares were sold at an average price of $29.76, for a total transaction of $1,140,254.40. Also, insider Kye L. Mitchell sold 7,142 shares of the company’s stock in a transaction on Monday, June 22nd. The shares were sold at an average price of $27.43, for a total transaction of $195,905.06. The disclosure for this sale can be found here. Insiders sold 85,472 shares of company stock valued at $2,528,379 over the last 90 days. 10.80% of the stock is owned by corporate insiders.

KFRC stock opened at $28.71 on Wednesday. The company has a quick ratio of 2.95, a current ratio of 2.95 and a debt-to-equity ratio of 0.65. The company has a market capitalization of $589.70 million, a price-to-earnings ratio of 6.03 and a beta of 1.30. Kforce Inc. has a 12 month low of $20.60 and a 12 month high of $42.64. The firm has a 50 day moving average of $29.66 and a two-hundred day moving average of $32.29.

Kforce (NASDAQ:KFRC) last issued its quarterly earnings data on Wednesday, May 6th. The business services provider reported $0.42 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.42. Kforce had a net margin of 8.34% and a return on equity of 30.80%. The business had revenue of $335.21 million during the quarter, compared to analysts’ expectations of $335.00 million. On average, research analysts expect that Kforce Inc. will post 1.5 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 19th. Stockholders of record on Friday, June 5th were paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.79%. The ex-dividend date was Thursday, June 4th. Kforce’s payout ratio is 34.04%.

Kforce Company Profile

Kforce Inc provides professional staffing services and solutions in the United States and internationally. It operates through Technology (Tech), Finance and Accounting (FA), and Government Solutions (GS) segments. The Tech segment provides temporary staffing and permanent placement services to its clients primarily in the areas of information technology, such as systems/applications architecture and development, project management, enterprise data management, business intelligence, artificial intelligence, machine learning, network architecture, and security.

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Institutional Ownership by Quarter for Kforce (NASDAQ:KFRC)

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