Truist Financial Issues Pessimistic Forecast for Kforce (NASDAQ:KFRC) Stock Price

Kforce (NASDAQ:KFRC) had its target price cut by Truist Financial from $58.00 to $50.00 in a research report report published on Tuesday morning,Benzinga reports. They currently have a hold rating on the business services provider’s stock.

Kforce Trading Down 3.6 %

Shares of KFRC opened at $44.66 on Tuesday. Kforce has a fifty-two week low of $42.11 and a fifty-two week high of $71.48. The business has a 50-day moving average of $48.88 and a 200 day moving average of $54.47. The firm has a market cap of $853.50 million, a P/E ratio of 16.66 and a beta of 0.76. The company has a debt-to-equity ratio of 0.16, a quick ratio of 2.06 and a current ratio of 2.06.

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. The ex-dividend date was Friday, March 7th. This is a boost from Kforce’s previous quarterly dividend of $0.38. This represents a $1.56 annualized dividend and a dividend yield of 3.49%. Kforce’s payout ratio is 58.21%.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. TD Private Client Wealth LLC lifted its position in Kforce by 58.0% during the third quarter. TD Private Client Wealth LLC now owns 496 shares of the business services provider’s stock valued at $30,000 after purchasing an additional 182 shares during the last quarter. Atria Investments Inc increased its holdings in Kforce by 3.1% during the 4th quarter. Atria Investments Inc now owns 7,058 shares of the business services provider’s stock valued at $400,000 after purchasing an additional 209 shares during the period. Access Investment Management LLC raised its holdings in Kforce by 0.7% in the 4th quarter. Access Investment Management LLC now owns 36,605 shares of the business services provider’s stock worth $2,076,000 after purchasing an additional 265 shares in the last quarter. Blue Trust Inc. grew its holdings in shares of Kforce by 17.9% during the 4th quarter. Blue Trust Inc. now owns 1,810 shares of the business services provider’s stock worth $111,000 after acquiring an additional 275 shares during the period. Finally, Exchange Traded Concepts LLC lifted its stake in shares of Kforce by 6.0% in the 4th quarter. Exchange Traded Concepts LLC now owns 5,154 shares of the business services provider’s stock valued at $292,000 after purchasing an additional 293 shares during the period. 92.77% of the stock is owned by institutional investors.

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.