New South Capital Management Inc. Has $31.62 Million Position in Kforce Inc. (NASDAQ:KFRC)

New South Capital Management Inc. lessened its position in Kforce Inc. (NASDAQ:KFRC) by 2.1% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 508,894 shares of the business services provider’s stock after selling 10,735 shares during the period. Kforce comprises about 1.4% of New South Capital Management Inc.’s portfolio, making the stock its 25th largest holding. New South Capital Management Inc. owned 2.63% of Kforce worth $31,618,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Blue Trust Inc. grew its holdings in Kforce by 59.9% during the second quarter. Blue Trust Inc. now owns 427 shares of the business services provider’s stock worth $27,000 after purchasing an additional 160 shares during the period. Benjamin F. Edwards & Company Inc. lifted its position in shares of Kforce by 487.7% in the first quarter. Benjamin F. Edwards & Company Inc. now owns 670 shares of the business services provider’s stock valued at $47,000 after buying an additional 556 shares during the last quarter. nVerses Capital LLC boosted its stake in shares of Kforce by 50.0% during the 2nd quarter. nVerses Capital LLC now owns 900 shares of the business services provider’s stock worth $56,000 after acquiring an additional 300 shares during the period. Avantax Advisory Services Inc. acquired a new position in shares of Kforce during the 1st quarter worth approximately $208,000. Finally, Virtu Financial LLC bought a new stake in Kforce in the 4th quarter valued at $207,000. 92.77% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, StockNews.com raised shares of Kforce from a “hold” rating to a “buy” rating in a research report on Thursday, August 1st. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $68.00.

Kforce Trading Down 1.6 %

Shares of NASDAQ:KFRC opened at $62.48 on Friday. Kforce Inc. has a 12-month low of $55.55 and a 12-month high of $74.79. The business has a 50 day moving average of $64.64 and a 200-day moving average of $65.14. The company has a quick ratio of 2.33, a current ratio of 2.33 and a debt-to-equity ratio of 0.22. The stock has a market cap of $1.21 billion, a PE ratio of 21.08 and a beta of 0.88.

Kforce (NASDAQ:KFRC) last released its quarterly earnings results on Monday, July 29th. The business services provider reported $0.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.73 by $0.02. The business had revenue of $356.32 million during the quarter, compared to the consensus estimate of $356.20 million. Kforce had a return on equity of 34.89% and a net margin of 3.56%. The firm’s quarterly revenue was down 8.4% on a year-over-year basis. During the same period in the previous year, the company posted $0.95 EPS. As a group, equities research analysts forecast that Kforce Inc. will post 2.7 earnings per share for the current year.

Kforce Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 27th. Shareholders of record on Friday, September 13th will be paid a $0.38 dividend. This represents a $1.52 annualized dividend and a yield of 2.43%. The ex-dividend date of this dividend is Friday, September 13th. Kforce’s dividend payout ratio (DPR) is 52.60%.

Insider Buying and Selling at Kforce

In other news, CEO Joseph J. Liberatore sold 6,638 shares of the firm’s stock in a transaction that occurred on Thursday, June 13th. The shares were sold at an average price of $62.02, for a total transaction of $411,688.76. Following the transaction, the chief executive officer now directly owns 213,689 shares of the company’s stock, valued at $13,252,991.78. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 5.50% of the company’s stock.

Kforce Company Profile

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.