First National Bank of Omaha bought a new stake in Kforce Inc. (NASDAQ:KFRC – Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 12,123 shares of the business services provider’s stock, valued at approximately $569,000. First National Bank of Omaha owned approximately 0.07% of Kforce at the end of the most recent reporting period.
Several other hedge funds also recently bought and sold shares of the company. Global Retirement Partners LLC purchased a new stake in shares of Kforce during the 2nd quarter worth about $34,000. Parallel Advisors LLC lifted its holdings in shares of Kforce by 427.2% during the 4th quarter. Parallel Advisors LLC now owns 854 shares of the business services provider’s stock valued at $26,000 after buying an additional 692 shares during the last quarter. Kestra Advisory Services LLC bought a new stake in shares of Kforce in the 4th quarter valued at approximately $31,000. Allworth Financial LP grew its stake in shares of Kforce by 212.3% in the 4th quarter. Allworth Financial LP now owns 1,240 shares of the business services provider’s stock valued at $38,000 after buying an additional 843 shares in the last quarter. Finally, EverSource Wealth Advisors LLC grew its stake in shares of Kforce by 44.3% in the 4th quarter. EverSource Wealth Advisors LLC now owns 1,313 shares of the business services provider’s stock valued at $41,000 after buying an additional 403 shares in the last quarter. 92.77% of the stock is owned by institutional investors and hedge funds.
Kforce Price Performance
NASDAQ KFRC opened at $58.58 on Thursday. Kforce Inc. has a fifty-two week low of $24.49 and a fifty-two week high of $61.68. The stock’s 50-day moving average is $53.88 and its two-hundred day moving average is $41.11. 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 firm has a market cap of $1.05 billion, a P/E ratio of 21.86 and a beta of 0.85.
Kforce Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Friday, September 25th. Investors of record on Friday, September 11th will be issued a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 2.7%. The ex-dividend date is Friday, September 11th. Kforce’s payout ratio is 75.47%.
Wall Street Analysts Forecast Growth
KFRC has been the topic of several recent research reports. UBS Group set a $59.00 price objective on shares of Kforce in a research report on Tuesday, July 28th. Zacks Research downgraded shares of Kforce from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 29th. Truist Financial boosted their target price on shares of Kforce from $38.00 to $60.00 and gave the stock a “hold” rating in a research report on Wednesday, July 22nd. Finally, Robert W. Baird increased their price target on shares of Kforce from $42.00 to $63.00 and gave the stock an “outperform” rating in a research note on Tuesday, July 28th. Two research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $60.67.
Check Out Our Latest Stock Report on Kforce
Kforce Profile
Kforce Inc is a professional staffing services firm headquartered in Tampa, Florida, trading on NASDAQ under the symbol KFRC. The company specializes in connecting organizations with skilled talent in technology, finance and accounting, and related business functions. Through a nationwide network of offices, Kforce partners with clients across industries to deliver both flexible contract staffing and direct hire placement solutions.
Kforce’s core offerings include temporary staffing, permanent placement, and project-based consulting engagements.
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