278,321 Shares in Kforce (KFRC) Acquired by Hancock Holding Co.

Hancock Holding Co. purchased a new position in Kforce (NASDAQ:KFRC) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 278,321 shares of the business services provider’s stock, valued at approximately $7,529,000.

Other institutional investors have also modified their holdings of the company. Schwab Charles Investment Management Inc. increased its stake in Kforce by 3.6% during the 4th quarter. Schwab Charles Investment Management Inc. now owns 271,429 shares of the business services provider’s stock valued at $6,854,000 after purchasing an additional 9,316 shares in the last quarter. Teacher Retirement System of Texas bought a new stake in Kforce during the 4th quarter valued at about $209,000. First Trust Advisors LP increased its stake in Kforce by 12.2% during the 4th quarter. First Trust Advisors LP now owns 21,086 shares of the business services provider’s stock valued at $532,000 after purchasing an additional 2,294 shares in the last quarter. Wells Fargo & Company MN increased its stake in Kforce by 41.8% during the 4th quarter. Wells Fargo & Company MN now owns 97,351 shares of the business services provider’s stock valued at $2,458,000 after purchasing an additional 28,715 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership increased its stake in Kforce by 3.8% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 97,379 shares of the business services provider’s stock valued at $2,459,000 after purchasing an additional 3,543 shares in the last quarter. Institutional investors own 79.05% of the company’s stock.

Shares of KFRC stock opened at $35.40 on Thursday. Kforce has a 52 week low of $16.75 and a 52 week high of $35.55. The company has a market capitalization of $906.17 million, a PE ratio of 22.55 and a beta of 1.63. The company has a debt-to-equity ratio of 0.93, a current ratio of 3.07 and a quick ratio of 3.06.

Kforce (NASDAQ:KFRC) last announced its quarterly earnings results on Tuesday, May 1st. The business services provider reported $0.37 EPS for the quarter, topping analysts’ consensus estimates of $0.36 by $0.01. Kforce had a net margin of 2.67% and a return on equity of 31.73%. The firm had revenue of $346.30 million during the quarter, compared to analyst estimates of $344.19 million. During the same period in the previous year, the business posted $0.23 earnings per share. The business’s revenue for the quarter was up 3.7% on a year-over-year basis. equities research analysts anticipate that Kforce will post 2.2 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, June 22nd. Stockholders of record on Friday, June 8th will be paid a $0.12 dividend. The ex-dividend date of this dividend is Thursday, June 7th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.36%. Kforce’s dividend payout ratio is presently 30.57%.

KFRC has been the subject of a number of analyst reports. ValuEngine lowered shares of Kforce from a “buy” rating to a “hold” rating in a research note on Monday, April 2nd. BidaskClub lowered shares of Kforce from a “buy” rating to a “hold” rating in a research note on Saturday, April 28th. Zacks Investment Research upgraded shares of Kforce from a “hold” rating to a “buy” rating and set a $33.00 price objective for the company in a research note on Friday, May 4th. Finally, Northcoast Research lowered shares of Kforce from a “buy” rating to a “neutral” rating and set a $33.00 price objective for the company. in a research note on Friday, June 1st. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $27.60.

In related news, President Joseph J. Liberatore sold 15,132 shares of the firm’s stock in a transaction that occurred on Wednesday, June 6th. The shares were sold at an average price of $34.12, for a total value of $516,303.84. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO David L. Dunkel sold 8,400 shares of the firm’s stock in a transaction that occurred on Wednesday, April 18th. The stock was sold at an average price of $29.58, for a total transaction of $248,472.00. The disclosure for this sale can be found here. Insiders sold 130,519 shares of company stock valued at $4,161,019 over the last quarter. Company insiders own 12.50% of the company’s stock.

Kforce 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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