Quantbot Technologies LP Buys 993 Shares of Kforce Inc. (NASDAQ:KFRC)

Quantbot Technologies LP grew its stake in shares of Kforce Inc. (NASDAQ:KFRC) by 20.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,941 shares of the business services provider’s stock after purchasing an additional 993 shares during the period. Quantbot Technologies LP’s holdings in Kforce were worth $337,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. TD Private Client Wealth LLC boosted its position in Kforce by 58.0% during the 3rd quarter. TD Private Client Wealth LLC now owns 496 shares of the business services provider’s stock valued at $30,000 after acquiring an additional 182 shares in the last quarter. Blue Trust Inc. boosted its position in shares of Kforce by 17.9% during the fourth quarter. Blue Trust Inc. now owns 1,810 shares of the business services provider’s stock valued at $111,000 after purchasing an additional 275 shares in the last quarter. PNC Financial Services Group Inc. grew its stake in Kforce by 23.5% in the fourth quarter. PNC Financial Services Group Inc. now owns 2,547 shares of the business services provider’s stock worth $144,000 after purchasing an additional 485 shares during the period. Advisors Asset Management Inc. raised its holdings in Kforce by 197.3% in the third quarter. Advisors Asset Management Inc. now owns 2,396 shares of the business services provider’s stock worth $147,000 after purchasing an additional 1,590 shares in the last quarter. Finally, QRG Capital Management Inc. purchased a new position in Kforce during the fourth quarter valued at $206,000. Hedge funds and other institutional investors own 92.77% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com raised shares of Kforce from a “hold” rating to a “buy” rating in a research report on Saturday, November 30th.

Kforce Stock Down 1.0 %

KFRC stock opened at $49.03 on Friday. The company has a quick ratio of 2.06, a current ratio of 2.06 and a debt-to-equity ratio of 0.16. The business has a 50 day moving average of $51.43 and a 200 day moving average of $56.01. Kforce Inc. has a twelve month low of $47.63 and a twelve month high of $71.48. The firm has a market cap of $937.09 million, a PE ratio of 18.30 and a beta of 0.83.

Kforce Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 21st. Stockholders of record on Friday, March 7th were given a $0.39 dividend. This represents a $1.56 annualized dividend and a dividend yield of 3.18%. The ex-dividend date was Friday, March 7th. This is a positive change from Kforce’s previous quarterly dividend of $0.38. Kforce’s payout ratio is currently 58.21%.

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.