Robeco Institutional Asset Management B.V. Reduces Position in Kforce Inc. (NASDAQ:KFRC)

Robeco Institutional Asset Management B.V. decreased its holdings in Kforce Inc. (NASDAQ:KFRC) by 11.3% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 66,389 shares of the business services provider’s stock after selling 8,458 shares during the quarter. Robeco Institutional Asset Management B.V. owned 0.29% of Kforce worth $2,635,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Simplex Trading LLC bought a new position in shares of Kforce during the 4th quarter valued at $68,000. US Bancorp DE grew its position in shares of Kforce by 3.7% during the 4th quarter. US Bancorp DE now owns 7,773 shares of the business services provider’s stock valued at $308,000 after acquiring an additional 278 shares during the period. Windward Capital Management Co. CA purchased a new stake in shares of Kforce in the 4th quarter worth $357,000. New York State Teachers Retirement System lifted its position in Kforce by 350.1% during the fourth quarter. New York State Teachers Retirement System now owns 9,002 shares of the business services provider’s stock valued at $357,000 after purchasing an additional 7,002 shares in the last quarter. Finally, Zebra Capital Management LLC raised its stake in shares of Kforce by 17.3% in the third quarter. Zebra Capital Management LLC now owns 10,014 shares of the business services provider’s stock worth $378,000 after buying an additional 1,474 shares during the period. 86.05% of the stock is owned by institutional investors and hedge funds.

KFRC traded up $0.03 during trading hours on Thursday, hitting $33.90. The company’s stock had a trading volume of 62,551 shares, compared to its average volume of 124,192. Kforce Inc. has a 12 month low of $31.50 and a 12 month high of $42.64. The company has a current ratio of 2.87, a quick ratio of 2.87 and a debt-to-equity ratio of 0.35. The business’s 50-day moving average price is $37.48 and its 200-day moving average price is $37.33. The stock has a market cap of $772.88 million, a price-to-earnings ratio of 6.27 and a beta of 1.20.

Kforce (NASDAQ:KFRC) last issued its quarterly earnings data on Wednesday, February 5th. The business services provider reported $0.66 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.67 by ($0.01). The company had revenue of $336.23 million for the quarter, compared to the consensus estimate of $339.56 million. Kforce had a return on equity of 28.93% and a net margin of 9.71%. The company’s revenue was up 1.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.65 earnings per share. On average, analysts forecast that Kforce Inc. will post 2.66 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 20th. Shareholders of record on Friday, March 6th will be given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 2.36%. The ex-dividend date is Thursday, March 5th. This is a positive change from Kforce’s previous quarterly dividend of $0.18. Kforce’s payout ratio is 30.64%.

Several brokerages have recently commented on KFRC. ValuEngine downgraded shares of Kforce from a “hold” rating to a “sell” rating in a research report on Tuesday, February 4th. Robert W. Baird dropped their price target on Kforce from $42.00 to $38.00 and set an “outperform” rating for the company in a research note on Monday, February 10th. They noted that the move was a valuation call. BidaskClub cut shares of Kforce from a “sell” rating to a “strong sell” rating in a research report on Friday, January 24th. Finally, Zacks Investment Research lowered shares of Kforce from a “hold” rating to a “sell” rating in a research report on Saturday, February 8th. Three research analysts have rated the stock with a sell rating and two have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $38.00.

In related news, insider Michael R. Blackman sold 11,103 shares of Kforce stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $39.20, for a total transaction of $435,237.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO David L. Dunkel sold 1,300 shares of Kforce stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of $40.26, for a total transaction of $52,338.00. The disclosure for this sale can be found here. Insiders have sold 74,903 shares of company stock valued at $3,041,631 in the last 90 days. Company insiders own 11.80% 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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