SRS Capital Advisors Inc. Has $30,000 Holdings in Kforce Inc. (NASDAQ:KFRC)

SRS Capital Advisors Inc. lifted its stake in Kforce Inc. (NASDAQ:KFRC) by 420.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 448 shares of the business services provider’s stock after acquiring an additional 362 shares during the period. SRS Capital Advisors Inc.’s holdings in Kforce were worth $30,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of KFRC. SummerHaven Investment Management LLC boosted its stake in Kforce by 1.4% during the fourth quarter. SummerHaven Investment Management LLC now owns 11,718 shares of the business services provider’s stock worth $792,000 after buying an additional 160 shares in the last quarter. First Horizon Advisors Inc. increased its stake in Kforce by 22.8% in the third quarter. First Horizon Advisors Inc. now owns 1,207 shares of the business services provider’s stock valued at $72,000 after acquiring an additional 224 shares during the period. O Shaughnessy Asset Management LLC lifted its stake in Kforce by 3.4% during the third quarter. O Shaughnessy Asset Management LLC now owns 7,822 shares of the business services provider’s stock worth $467,000 after purchasing an additional 255 shares during the period. Oak Associates Ltd. OH boosted its holdings in Kforce by 2.3% during the third quarter. Oak Associates Ltd. OH now owns 15,255 shares of the business services provider’s stock valued at $910,000 after purchasing an additional 340 shares in the last quarter. Finally, Swiss National Bank grew its stake in shares of Kforce by 1.0% in the 3rd quarter. Swiss National Bank now owns 42,500 shares of the business services provider’s stock valued at $2,536,000 after purchasing an additional 400 shares during the period. Institutional investors own 92.77% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently commented on KFRC shares. Truist Financial boosted their price target on Kforce from $57.00 to $70.00 and gave the company a “hold” rating in a research note on Thursday, January 25th. Robert W. Baird lowered their target price on shares of Kforce from $72.00 to $71.00 and set an “outperform” rating on the stock in a report on Tuesday, April 30th. Finally, StockNews.com downgraded shares of Kforce from a “buy” rating to a “hold” rating in a report on Tuesday, February 6th. Four equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $68.00.

Kforce Stock Down 1.6 %

Shares of NASDAQ:KFRC opened at $64.00 on Monday. Kforce Inc. has a 12 month low of $50.89 and a 12 month high of $74.79. The firm has a market cap of $1.25 billion, a P/E ratio of 22.15 and a beta of 0.88. The company has a quick ratio of 2.32, a current ratio of 2.32 and a debt-to-equity ratio of 0.25. The company’s 50-day moving average price is $67.73 and its two-hundred day moving average price is $66.60.

Kforce (NASDAQ:KFRC) last issued its quarterly earnings results on Monday, April 29th. The business services provider reported $0.58 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.58. Kforce had a net margin of 3.78% and a return on equity of 36.39%. The business had revenue of $351.89 million during the quarter, compared to analyst estimates of $354.92 million. Kforce’s revenue for the quarter was down 13.3% compared to the same quarter last year. During the same quarter last year, the business posted $0.82 earnings per share. As a group, research analysts forecast that Kforce Inc. will post 2.82 EPS for the current fiscal year.

Kforce Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 14th will be given a $0.38 dividend. The ex-dividend date of this dividend is Friday, June 14th. This represents a $1.52 dividend on an annualized basis and a yield of 2.38%. Kforce’s payout ratio is 52.60%.

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.