Kforce Inc. (NASDAQ:KFRC) Shares Sold by Franklin Resources Inc.

Franklin Resources Inc. trimmed its position in shares of Kforce Inc. (NASDAQ:KFRC) by 22.6% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 759,809 shares of the business services provider’s stock after selling 222,361 shares during the period. Franklin Resources Inc. owned 3.98% of Kforce worth $42,709,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of KFRC. Hotchkis & Wiley Capital Management LLC boosted its stake in Kforce by 28.4% during the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 186,016 shares of the business services provider’s stock valued at $11,431,000 after purchasing an additional 41,180 shares during the period. Jane Street Group LLC raised its position in shares of Kforce by 210.4% during the 3rd quarter. Jane Street Group LLC now owns 53,255 shares of the business services provider’s stock worth $3,273,000 after buying an additional 36,098 shares in the last quarter. Barclays PLC raised its position in shares of Kforce by 171.9% during the 3rd quarter. Barclays PLC now owns 42,166 shares of the business services provider’s stock worth $2,591,000 after buying an additional 26,657 shares in the last quarter. Hantz Financial Services Inc. bought a new stake in shares of Kforce during the 2nd quarter worth about $1,488,000. Finally, Geode Capital Management LLC raised its position in shares of Kforce by 4.0% during the 3rd quarter. Geode Capital Management LLC now owns 480,479 shares of the business services provider’s stock worth $29,530,000 after buying an additional 18,386 shares in the last quarter. 92.77% of the stock is owned by institutional investors and hedge funds.

Kforce Stock Down 0.7 %

NASDAQ KFRC opened at $58.53 on Wednesday. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.06 and a quick ratio of 2.06. The company’s 50 day simple moving average is $58.47 and its 200 day simple moving average is $61.50. Kforce Inc. has a 12 month low of $52.96 and a 12 month high of $74.79. The company has a market capitalization of $1.12 billion, a P/E ratio of 20.17 and a beta of 0.88.

Kforce (NASDAQ:KFRC) last posted its quarterly earnings data 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 business had revenue of $353.30 million during the quarter, compared to the consensus estimate of $352.19 million. Kforce had a net margin of 3.86% and a return on equity of 33.50%. Kforce’s quarterly revenue was down 5.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.90 EPS. Equities research analysts expect that Kforce Inc. will post 2.68 earnings per share for the current fiscal year.

Kforce Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Shareholders of record on Friday, December 6th will be paid a $0.38 dividend. The ex-dividend date of this dividend is Friday, December 6th. This represents a $1.52 dividend on an annualized basis and a yield of 2.60%. Kforce’s payout ratio is presently 52.41%.

Analyst Upgrades and Downgrades

A number of analysts have commented on the stock. Truist Financial dropped their price target on shares of Kforce from $68.00 to $58.00 and set a “hold” rating on the stock in a research report on Tuesday, October 29th. Sidoti upgraded shares of Kforce from a “neutral” rating to a “buy” rating and set a $71.00 target price on the stock in a report on Tuesday, October 15th. Finally, StockNews.com upgraded shares of Kforce from a “hold” rating to a “buy” rating in a report on Saturday, November 30th.

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.