Semanteon Capital Management LP Acquires New Position in Kforce Inc. (NASDAQ:KFRC)

Semanteon Capital Management LP acquired a new stake in Kforce Inc. (NASDAQ:KFRC) during the 4th quarter, Holdings Channel.com reports. The firm acquired 12,278 shares of the business services provider’s stock, valued at approximately $696,000.

Several other large investors have also bought and sold shares of the business. TD Private Client Wealth LLC lifted its holdings in Kforce by 58.0% in the third quarter. TD Private Client Wealth LLC now owns 496 shares of the business services provider’s stock valued at $30,000 after buying an additional 182 shares during the period. Atria Investments Inc raised its holdings in Kforce by 3.1% in the fourth quarter. Atria Investments Inc now owns 7,058 shares of the business services provider’s stock worth $400,000 after purchasing an additional 209 shares during the period. Access Investment Management LLC raised its holdings in Kforce by 0.7% in the fourth quarter. Access Investment Management LLC now owns 36,605 shares of the business services provider’s stock worth $2,076,000 after purchasing an additional 265 shares during the period. Blue Trust Inc. raised its holdings in Kforce by 17.9% in the fourth quarter. Blue Trust Inc. now owns 1,810 shares of the business services provider’s stock worth $111,000 after purchasing an additional 275 shares during the period. Finally, Exchange Traded Concepts LLC raised its holdings in Kforce by 6.0% in the fourth quarter. Exchange Traded Concepts LLC now owns 5,154 shares of the business services provider’s stock worth $292,000 after purchasing an additional 293 shares during the period. 92.77% of the stock is currently owned by institutional investors and hedge funds.

Kforce Stock Down 1.2 %

Shares of KFRC stock opened at $48.63 on Friday. The firm has a fifty day moving average of $52.13 and a 200-day moving average of $56.51. The company has a quick ratio of 2.06, a current ratio of 2.06 and a debt-to-equity ratio of 0.16. Kforce Inc. has a 12-month low of $47.63 and a 12-month high of $71.48. The company has a market capitalization of $929.27 million, a price-to-earnings ratio of 18.14 and a beta of 0.83.

Kforce Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 21st. Stockholders of record on Friday, March 7th were given a dividend of $0.39 per share. This is an increase from Kforce’s previous quarterly dividend of $0.38. The ex-dividend date was Friday, March 7th. This represents a $1.56 annualized dividend and a dividend yield of 3.21%. Kforce’s dividend payout ratio is currently 58.21%.

Analyst Ratings Changes

Separately, StockNews.com upgraded shares of Kforce from a “hold” rating to a “buy” rating in a report on Saturday, November 30th.

Kforce 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.