Dynamic Technology Lab Private Ltd Makes New $1.11 Million Investment in Kforce Inc. (NASDAQ:KFRC)

Dynamic Technology Lab Private Ltd bought a new stake in Kforce Inc. (NASDAQ:KFRC) in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 18,135 shares of the business services provider’s stock, valued at approximately $1,114,000. Dynamic Technology Lab Private Ltd owned 0.10% of Kforce as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently made changes to their positions in KFRC. Kayne Anderson Rudnick Investment Management LLC increased its stake in 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 in the last quarter. Vaughan Nelson Investment Management L.P. lifted its stake in Kforce by 3.3% in the 2nd quarter. Vaughan Nelson Investment Management L.P. now owns 756,788 shares of the business services provider’s stock valued at $47,020,000 after buying an additional 23,920 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in Kforce by 2.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 719,163 shares of the business services provider’s stock valued at $44,193,000 after buying an additional 17,087 shares during the last quarter. Tributary Capital Management LLC grew its holdings in Kforce by 0.3% during the 2nd quarter. Tributary Capital Management LLC now owns 307,103 shares of the business services provider’s stock valued at $19,080,000 after buying an additional 915 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its position in Kforce by 5.1% during the 2nd quarter. Bank of New York Mellon Corp now owns 148,492 shares of the business services provider’s stock worth $9,226,000 after purchasing an additional 7,214 shares in the last quarter. 92.77% of the stock is currently owned by hedge funds and other institutional investors.

Kforce Stock Performance

NASDAQ:KFRC opened at $59.92 on Wednesday. The company has a market cap of $1.14 billion, a P/E ratio of 20.24 and a beta of 0.88. The firm’s 50 day moving average is $58.56 and its two-hundred day moving average is $61.76. Kforce Inc. has a fifty-two week low of $52.96 and a fifty-two week high of $74.79. The company has a quick ratio of 2.06, a current ratio of 2.06 and a debt-to-equity ratio of 0.16.

Kforce (NASDAQ:KFRC) last released its quarterly earnings data on Monday, October 28th. The business services provider reported $0.75 EPS for the quarter, topping analysts’ consensus estimates of $0.69 by $0.06. Kforce had a return on equity of 33.50% and a net margin of 3.86%. The business had revenue of $353.30 million during the quarter, compared to the consensus estimate of $352.19 million. During the same period in the prior year, the firm posted $0.90 EPS. The business’s revenue for the quarter was down 5.3% on a year-over-year basis. Analysts expect that Kforce Inc. will post 2.68 EPS for the current year.

Kforce Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Friday, December 6th will be issued a $0.38 dividend. The ex-dividend date is Friday, December 6th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 2.54%. Kforce’s dividend payout ratio (DPR) is 52.41%.

Analyst Ratings Changes

Several equities analysts recently issued reports 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 research note on Tuesday, October 15th. Truist Financial decreased their price objective on Kforce from $68.00 to $58.00 and set a “hold” rating on the stock in a report on Tuesday, October 29th. Finally, StockNews.com lowered Kforce from a “buy” rating to a “hold” rating in a research note on Friday, November 22nd.

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.