Campbell & CO Investment Adviser LLC Invests $213,000 in Kforce, Inc. (KFRC) Stock

Campbell & CO Investment Adviser LLC bought a new position in shares of Kforce, Inc. (NASDAQ:KFRC) during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 10,536 shares of the business services provider’s stock, valued at approximately $213,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in KFRC. California Public Employees Retirement System raised its stake in Kforce by 0.3% in the second quarter. California Public Employees Retirement System now owns 116,000 shares of the business services provider’s stock valued at $2,274,000 after buying an additional 400 shares during the period. Brandywine Global Investment Management LLC raised its stake in Kforce by 7.3% in the second quarter. Brandywine Global Investment Management LLC now owns 14,376 shares of the business services provider’s stock valued at $282,000 after buying an additional 976 shares during the period. Strs Ohio raised its stake in Kforce by 5.8% in the second quarter. Strs Ohio now owns 18,100 shares of the business services provider’s stock valued at $354,000 after buying an additional 1,000 shares during the period. Voya Investment Management LLC raised its stake in Kforce by 13.4% in the second quarter. Voya Investment Management LLC now owns 13,979 shares of the business services provider’s stock valued at $274,000 after buying an additional 1,653 shares during the period. Finally, Morgan Stanley raised its stake in Kforce by 1.3% in the first quarter. Morgan Stanley now owns 154,990 shares of the business services provider’s stock valued at $3,681,000 after buying an additional 1,949 shares during the period. Institutional investors and hedge funds own 79.07% of the company’s stock.

In other news, insider Kye L. Mitchell sold 2,550 shares of the company’s stock in a transaction that occurred on Tuesday, November 14th. The stock was sold at an average price of $24.35, for a total value of $62,092.50. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CFO David M. Kelly sold 15,000 shares of the company’s stock in a transaction that occurred on Monday, November 6th. The shares were sold at an average price of $24.05, for a total value of $360,750.00. The disclosure for this sale can be found here. Insiders sold 46,250 shares of company stock worth $1,070,388 in the last ninety days. 13.30% of the stock is owned by company insiders.

Kforce, Inc. (NASDAQ:KFRC) opened at $25.20 on Friday. Kforce, Inc. has a 12-month low of $16.75 and a 12-month high of $26.95. The company has a debt-to-equity ratio of 0.91, a current ratio of 2.95 and a quick ratio of 2.95. The company has a market capitalization of $666.98, a P/E ratio of 17.57 and a beta of 1.67.

Kforce (NASDAQ:KFRC) last posted its earnings results on Tuesday, October 31st. The business services provider reported $0.45 EPS for the quarter, meeting the consensus estimate of $0.45. Kforce had a return on equity of 28.83% and a net margin of 2.71%. The company had revenue of $341.05 million for the quarter, compared to the consensus estimate of $340.67 million. During the same quarter in the prior year, the business earned $0.44 earnings per share. The firm’s revenue for the quarter was up .2% on a year-over-year basis. sell-side analysts expect that Kforce, Inc. will post 1.5 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, December 22nd. Stockholders of record on Friday, December 8th will be given a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 1.90%. The ex-dividend date is Thursday, December 7th. Kforce’s payout ratio is 33.80%.

KFRC has been the topic of several research analyst reports. Zacks Investment Research lowered Kforce from a “hold” rating to a “sell” rating in a research note on Saturday, October 28th. TheStreet upgraded Kforce from a “c+” rating to a “b” rating in a research note on Monday, October 2nd. ValuEngine lowered Kforce from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. SunTrust Banks lowered Kforce from a “buy” rating to a “hold” rating and dropped their price objective for the company from $23.00 to $22.00 in a research note on Wednesday, October 11th. Finally, Robert W. Baird restated a “buy” rating and issued a $20.00 price objective on shares of Kforce in a research note on Tuesday, September 12th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and five have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $24.20.

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About Kforce

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.

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Institutional Ownership by Quarter for Kforce (NASDAQ:KFRC)

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