Kforce (NASDAQ:KFRC) Sets New 1-Year Low – What’s Next?

Kforce Inc. (NASDAQ:KFRC)’s stock price hit a new 52-week low on Wednesday . The stock traded as low as $43.30 and last traded at $43.71, with a volume of 129520 shares traded. The stock had previously closed at $45.05.

Kforce Stock Down 0.9 %

The company has a current ratio of 2.06, a quick ratio of 2.06 and a debt-to-equity ratio of 0.16. The business’s 50-day simple moving average is $49.36 and its 200-day simple moving average is $54.79. The company has a market capitalization of $872.70 million, a PE ratio of 17.04 and a beta of 0.76.

Kforce Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 21st. Investors of record on Friday, March 7th were given a dividend of $0.39 per share. The ex-dividend date was Friday, March 7th. This is an increase from Kforce’s previous quarterly dividend of $0.38. This represents a $1.56 dividend on an annualized basis and a yield of 3.42%. Kforce’s payout ratio is currently 58.21%.

Hedge Funds Weigh In On Kforce

Institutional investors have recently modified their holdings of the stock. Marshall Wace LLP purchased a new position in Kforce during the fourth quarter valued at approximately $6,683,000. Tributary Capital Management LLC lifted its stake in shares of Kforce by 38.3% in the 4th quarter. Tributary Capital Management LLC now owns 422,930 shares of the business services provider’s stock valued at $23,980,000 after purchasing an additional 117,231 shares during the period. Raymond James Financial Inc. purchased a new stake in Kforce during the fourth quarter worth $5,146,000. Proficio Capital Partners LLC acquired a new stake in Kforce during the fourth quarter valued at $4,951,000. Finally, Wellington Management Group LLP increased its holdings in Kforce by 36.3% in the fourth quarter. Wellington Management Group LLP now owns 297,111 shares of the business services provider’s stock valued at $16,846,000 after buying an additional 79,100 shares in the last quarter. Hedge funds and other institutional investors own 92.77% of the company’s stock.

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.