Kforce Inc. (KFRC) Shares Bought by LSV Asset Management

LSV Asset Management boosted its stake in shares of Kforce Inc. (NASDAQ:KFRC) by 72.0% during the first quarter, according to its most recent filing with the SEC. The firm owned 198,533 shares of the business services provider’s stock after buying an additional 83,083 shares during the period. LSV Asset Management owned approximately 0.79% of Kforce worth $4,715,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently added to or reduced their stakes in KFRC. Perkins Investment Management LLC boosted its position in Kforce by 78.9% in the third quarter. Perkins Investment Management LLC now owns 947,188 shares of the business services provider’s stock valued at $19,408,000 after buying an additional 417,766 shares during the last quarter. Tributary Capital Management LLC purchased a new position in Kforce during the third quarter valued at $8,467,000. Acadian Asset Management LLC boosted its position in Kforce by 5,514.3% in the first quarter. Acadian Asset Management LLC now owns 75,176 shares of the business services provider’s stock valued at $1,787,000 after buying an additional 73,837 shares during the last quarter. Analytic Investors LLC purchased a new position in Kforce during the third quarter valued at $1,358,000. Finally, Dimensional Fund Advisors LP boosted its position in Kforce by 4.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,300,018 shares of the business services provider’s stock valued at $30,030,000 after buying an additional 57,552 shares during the last quarter. 82.39% of the stock is currently owned by hedge funds and other institutional investors.

Institutional Ownership by Quarter for Kforce (NASDAQ:KFRC)

Shares of Kforce Inc. (NASDAQ:KFRC) traded down 1.86% during trading on Wednesday, reaching $18.50. The company had a trading volume of 18,005 shares. Kforce Inc. has a 1-year low of $15.78 and a 1-year high of $26.95. The stock has a market capitalization of $466.81 million, a price-to-earnings ratio of 13.73 and a beta of 1.52. The company’s 50 day moving average is $21.87 and its 200-day moving average is $22.44.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 23rd. Shareholders of record on Friday, June 9th will be given a $0.12 dividend. The ex-dividend date of this dividend is Wednesday, June 7th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.55%. Kforce’s dividend payout ratio (DPR) is currently 38.40%.

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Several equities analysts have recently weighed in on KFRC shares. Zacks Investment Research cut Kforce from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 11th. William Blair reissued an “outperform” rating on shares of Kforce in a report on Friday, February 24th. Griffin Securities cut Kforce from a “buy” rating to a “hold” rating in a report on Wednesday, February 8th. Credit Suisse Group AG cut Kforce from an “outperform” rating to a “neutral” rating and set a $25.00 price target on the stock. in a report on Friday, February 24th. They noted that the move was a valuation call. Finally, Avondale Partners raised Kforce from a “market perform” rating to an “outperform” rating and set a $27.00 price target on the stock in a report on Wednesday, February 8th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $24.50.

In other Kforce news, CFO David M. Kelly sold 12,500 shares of the company’s stock in a transaction dated Friday, March 10th. The shares were sold at an average price of $24.53, for a total value of $306,625.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO David L. Dunkel sold 2,000 shares of the company’s stock in a transaction dated Tuesday, May 9th. The stock was sold at an average price of $21.00, for a total transaction of $42,000.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 30,888 shares of company stock valued at $719,763. Insiders own 12.80% of the company’s stock.

Kforce Company Profile

Kforce Inc (Kforce) is engaged in providing professional and technical specialty staffing services and solutions. The Company operates through three segments, which include Technology (Tech), Finance and Accounting (FA) and Government Solutions (GS). The Company’s Tech segment includes the operations of its subsidiary Kforce Global Solutions, Inc The FA segment is engaged in providing both temporary staffing and permanent placement services to its clients in areas, such as general accounting, business analysis and others.

5 Day Chart for NASDAQ:KFRC

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