Versor Investments LP Sells 5,800 Shares of Kforce Inc. (NASDAQ:KFRC)

Versor Investments LP lessened its holdings in Kforce Inc. (NASDAQ:KFRC) by 38.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,100 shares of the business services provider’s stock after selling 5,800 shares during the period. Versor Investments LP’s holdings in Kforce were worth $516,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in KFRC. TD Private Client Wealth LLC raised its stake in shares of Kforce by 58.0% in the third quarter. TD Private Client Wealth LLC now owns 496 shares of the business services provider’s stock worth $30,000 after purchasing an additional 182 shares during the last quarter. Blue Trust Inc. grew its holdings in Kforce by 17.9% during the fourth quarter. Blue Trust Inc. now owns 1,810 shares of the business services provider’s stock worth $111,000 after buying an additional 275 shares in the last quarter. Advisors Asset Management Inc. raised its position in Kforce by 197.3% in the 3rd quarter. Advisors Asset Management Inc. now owns 2,396 shares of the business services provider’s stock valued at $147,000 after buying an additional 1,590 shares during the last quarter. Paloma Partners Management Co bought a new position in Kforce during the 3rd quarter valued at $221,000. Finally, Heritage Family Offices LLP purchased a new position in Kforce during the 4th quarter worth $258,000. Institutional investors own 92.77% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Kforce Stock Performance

KFRC stock opened at $50.04 on Friday. The business has a 50 day moving average of $53.94 and a 200-day moving average of $58.06. The firm has a market cap of $956.39 million, a PE ratio of 18.67 and a beta of 0.88. Kforce Inc. has a 12-month low of $48.03 and a 12-month high of $74.79. The company has a quick ratio of 2.06, a current ratio of 2.06 and a debt-to-equity ratio of 0.16.

Kforce Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 21st. Shareholders of record on Friday, March 7th will be paid a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a yield of 3.12%. The ex-dividend date of this dividend is Friday, March 7th. This is an increase from Kforce’s previous quarterly dividend of $0.38. Kforce’s dividend payout ratio is 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.