2,561 Shares in Kforce Inc. (NASDAQ:KFRC) Bought by Point72 Asset Management L.P.

Point72 Asset Management L.P. bought a new position in shares of Kforce Inc. (NASDAQ:KFRC) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 2,561 shares of the business services provider’s stock, valued at approximately $145,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. ProShare Advisors LLC increased its holdings in Kforce by 45.7% in the 4th quarter. ProShare Advisors LLC now owns 5,139 shares of the business services provider’s stock valued at $291,000 after buying an additional 1,612 shares during the period. Gotham Asset Management LLC bought a new stake in Kforce in the 4th quarter valued at $247,000. D. E. Shaw & Co. Inc. increased its holdings in Kforce by 46.8% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 32,663 shares of the business services provider’s stock valued at $1,852,000 after buying an additional 10,416 shares during the period. Deutsche Bank AG increased its holdings in Kforce by 22.1% in the 4th quarter. Deutsche Bank AG now owns 105,360 shares of the business services provider’s stock valued at $5,974,000 after buying an additional 19,080 shares during the period. Finally, Cubist Systematic Strategies LLC bought a new stake in Kforce in the 4th quarter valued at $1,326,000. Institutional investors own 92.77% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the stock. UBS Group lowered their price target on shares of Kforce from $47.00 to $40.00 and set a “neutral” rating on the stock in a report on Wednesday, April 30th. Truist Financial lowered their price target on shares of Kforce from $58.00 to $50.00 and set a “hold” rating on the stock in a report on Tuesday, April 15th. Finally, Wall Street Zen lowered shares of Kforce from a “buy” rating to a “hold” rating in a report on Friday, May 2nd.

Kforce Stock Down 1.7%

Shares of NASDAQ:KFRC opened at $40.39 on Friday. Kforce Inc. has a 52 week low of $35.50 and a 52 week high of $71.48. 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 company’s fifty day moving average is $43.91 and its 200-day moving average is $51.42. The company has a market capitalization of $752.48 million, a PE ratio of 15.07 and a beta of 0.74.

Kforce (NASDAQ:KFRC) last issued its earnings results on Monday, April 28th. The business services provider reported $0.45 EPS for the quarter, missing the consensus estimate of $0.48 by ($0.03). Kforce had a net margin of 3.59% and a return on equity of 30.34%. The firm had revenue of $330.03 million during the quarter, compared to analyst estimates of $334.61 million. During the same quarter in the prior year, the firm posted $0.58 EPS. The firm’s revenue for the quarter was down 6.2% on a year-over-year basis. Equities research analysts predict that Kforce Inc. will post 2.7 earnings per share for the current fiscal year.

Kforce Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 27th. Stockholders of record on Friday, June 13th will be paid a $0.39 dividend. The ex-dividend date of this dividend is Friday, June 13th. This represents a $1.56 annualized dividend and a dividend yield of 3.86%. Kforce’s dividend payout ratio is presently 61.18%.

Insider Activity

In other news, Director David L. Dunkel bought 1,000 shares of Kforce stock in a transaction dated Monday, May 5th. The shares were bought at an average price of $37.80 per share, for a total transaction of $37,800.00. Following the purchase, the director now owns 517,329 shares of the company’s stock, valued at approximately $19,555,036.20. This trade represents a 0.19% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 4.40% of the stock is owned by corporate insiders.

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.