Hantz Financial Services Inc. Reduces Stock Holdings in Kforce Inc. (NASDAQ:KFRC)

Hantz Financial Services Inc. reduced its position in Kforce Inc. (NASDAQ:KFRC) by 6.0% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 22,503 shares of the business services provider’s stock after selling 1,447 shares during the quarter. Hantz Financial Services Inc. owned approximately 0.12% of Kforce worth $1,383,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently made changes to their positions in the company. SG Americas Securities LLC purchased a new position in Kforce in the 2nd quarter valued at approximately $718,000. Vaughan Nelson Investment Management L.P. boosted its holdings in shares of Kforce by 3.3% in the second quarter. Vaughan Nelson Investment Management L.P. now owns 756,788 shares of the business services provider’s stock worth $47,020,000 after acquiring an additional 23,920 shares during the period. Raymond James & Associates grew its position in shares of Kforce by 3.8% in the third quarter. Raymond James & Associates now owns 98,253 shares of the business services provider’s stock valued at $6,038,000 after purchasing an additional 3,560 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC raised its stake in shares of Kforce by 0.6% during the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 2,402,035 shares of the business services provider’s stock valued at $149,238,000 after purchasing an additional 13,706 shares during the period. Finally, MQS Management LLC purchased a new stake in Kforce during the 3rd quarter worth about $695,000. 92.77% of the stock is currently owned by institutional investors.

Kforce Price Performance

KFRC stock opened at $59.99 on Monday. The firm has a 50 day simple moving average of $58.32 and a two-hundred day simple moving average of $61.63. The stock has a market cap of $1.14 billion, a PE ratio of 20.69 and a beta of 0.88. Kforce Inc. has a one year low of $52.96 and a one year high of $74.79. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.06 and a quick ratio of 2.06.

Kforce (NASDAQ:KFRC) last issued its quarterly earnings results on Monday, October 28th. The business services provider reported $0.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.69 by $0.06. The firm had revenue of $353.30 million during the quarter, compared to analyst estimates of $352.19 million. Kforce had a return on equity of 33.50% and a net margin of 3.86%. The company’s revenue was down 5.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.90 earnings per share. On average, analysts predict that Kforce Inc. will post 2.68 EPS for the current fiscal year.

Kforce Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Friday, December 6th will be issued a $0.38 dividend. The ex-dividend date is Friday, December 6th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 2.53%. Kforce’s payout ratio is 52.41%.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on KFRC shares. Truist Financial lowered their price target on shares of Kforce from $68.00 to $58.00 and set a “hold” rating on the stock in a report on Tuesday, October 29th. StockNews.com upgraded shares of Kforce from a “hold” rating to a “buy” rating in a research report on Saturday. Finally, Sidoti upgraded Kforce from a “neutral” rating to a “buy” rating and set a $71.00 price objective on the stock in a research report on Tuesday, October 15th.

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.