O Shaughnessy Asset Management LLC Sells 5,292 Shares of Kforce Inc. (NASDAQ:KFRC)

O Shaughnessy Asset Management LLC lowered its position in shares of Kforce Inc. (NASDAQ:KFRC) by 41.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 7,534 shares of the business services provider’s stock after selling 5,292 shares during the quarter. O Shaughnessy Asset Management LLC’s holdings in Kforce were worth $427,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of KFRC. JPMorgan Chase & Co. lifted its stake in shares of Kforce by 25.2% during the 4th quarter. JPMorgan Chase & Co. now owns 52,511 shares of the business services provider’s stock valued at $2,977,000 after buying an additional 10,565 shares in the last quarter. LPL Financial LLC lifted its position in shares of Kforce by 33.2% in the fourth quarter. LPL Financial LLC now owns 12,194 shares of the business services provider’s stock valued at $691,000 after acquiring an additional 3,039 shares in the last quarter. KLP Kapitalforvaltning AS bought a new position in shares of Kforce in the fourth quarter worth about $692,000. Sei Investments Co. grew its position in shares of Kforce by 3.4% during the fourth quarter. Sei Investments Co. now owns 53,609 shares of the business services provider’s stock worth $3,039,000 after purchasing an additional 1,759 shares in the last quarter. Finally, American Century Companies Inc. raised its stake in Kforce by 8.5% during the 4th quarter. American Century Companies Inc. now owns 84,844 shares of the business services provider’s stock valued at $4,811,000 after purchasing an additional 6,677 shares during the period. 92.77% of the stock is currently owned by institutional investors.

Kforce Trading Down 0.9 %

KFRC stock opened at $45.67 on Friday. 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 Inc. has a 1-year low of $42.11 and a 1-year high of $71.48. The business has a 50 day simple moving average of $49.36 and a two-hundred day simple moving average of $54.79. The company has a market capitalization of $872.70 million, a price-to-earnings ratio of 17.04 and a beta of 0.76.

Kforce Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 21st. Investors of record on Friday, March 7th were paid a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a yield of 3.42%. This is a boost from Kforce’s previous quarterly dividend of $0.38. The ex-dividend date of this dividend was Friday, March 7th. Kforce’s dividend payout ratio (DPR) is presently 58.21%.

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.