Access Investment Management LLC Has $2.08 Million Stock Holdings in Kforce Inc. (NASDAQ:KFRC)

Access Investment Management LLC boosted its position in Kforce Inc. (NASDAQ:KFRC) by 0.7% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 36,605 shares of the business services provider’s stock after buying an additional 265 shares during the quarter. Access Investment Management LLC owned approximately 0.19% of Kforce worth $2,076,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. TD Private Client Wealth LLC raised its position in Kforce by 58.0% in the 3rd 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 last quarter. Blue Trust Inc. raised its position in Kforce by 259.5% in the 3rd quarter. Blue Trust Inc. now owns 1,535 shares of the business services provider’s stock valued at $95,000 after buying an additional 1,108 shares during the last quarter. Advisors Asset Management Inc. grew its stake in Kforce by 197.3% in the third quarter. Advisors Asset Management Inc. now owns 2,396 shares of the business services provider’s stock valued at $147,000 after purchasing an additional 1,590 shares in the last quarter. Paloma Partners Management Co bought a new position in Kforce in the third quarter valued at approximately $221,000. Finally, Heritage Family Offices LLP bought a new position in Kforce in the fourth quarter valued at approximately $258,000. Institutional investors and hedge funds own 92.77% of the company’s stock.

Kforce Stock Performance

Shares of NASDAQ KFRC opened at $48.53 on Friday. The company has a current ratio of 2.06, a quick ratio of 2.06 and a debt-to-equity ratio of 0.16. Kforce Inc. has a 12 month low of $48.18 and a 12 month high of $74.79. The stock has a 50 day moving average of $54.70 and a 200-day moving average of $58.48. The company has a market capitalization of $925.86 million, a P/E ratio of 18.11 and a beta of 0.88.

Kforce Increases Dividend

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

Analysts Set New Price Targets

A number of research firms have weighed in on KFRC. StockNews.com upgraded Kforce from a “hold” rating to a “buy” rating in a research note on Saturday, November 30th. Truist Financial decreased their price target on Kforce from $68.00 to $58.00 and set a “hold” rating for the company in a research note on Tuesday, October 29th.

About Kforce

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.