Kforce (NASDAQ:KFRC) Reaches New 12-Month Low – Here’s What Happened

Kforce Inc. (NASDAQ:KFRC) reached a new 52-week low during trading on Friday . The company traded as low as $47.63 and last traded at $47.70, with a volume of 49371 shares trading hands. The stock had previously closed at $49.21.

Wall Street Analyst Weigh In

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

Kforce Price Performance

The company has a market capitalization of $929.27 million, a price-to-earnings ratio of 18.14 and a beta of 0.83. The company has a debt-to-equity ratio of 0.16, a quick ratio of 2.06 and a current ratio of 2.06. The business has a 50 day moving average price of $52.13 and a 200-day moving average price of $56.46.

Kforce Increases Dividend

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in KFRC. TD Private Client Wealth LLC raised its stake in Kforce by 58.0% during the 3rd quarter. TD Private Client Wealth LLC now owns 496 shares of the business services provider’s stock worth $30,000 after buying an additional 182 shares during the period. Point72 Asia Singapore Pte. Ltd. acquired a new position in Kforce during the 4th quarter worth approximately $42,000. Tower Research Capital LLC TRC raised its stake in Kforce by 147.3% during the 4th quarter. Tower Research Capital LLC TRC now owns 1,118 shares of the business services provider’s stock worth $63,000 after buying an additional 666 shares during the period. Blue Trust Inc. raised its stake in Kforce by 17.9% during the 4th quarter. Blue Trust Inc. now owns 1,810 shares of the business services provider’s stock worth $111,000 after buying an additional 275 shares during the period. Finally, Advisors Asset Management Inc. raised its stake in Kforce by 197.3% during the 3rd quarter. Advisors Asset Management Inc. now owns 2,396 shares of the business services provider’s stock worth $147,000 after buying an additional 1,590 shares during the period. 92.77% of the stock is owned by institutional investors and hedge funds.

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.