MetLife Investment Advisors LLC lowered its holdings in shares of Kforce Inc. (NASDAQ:KFRC) by 34.4% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 9,613 shares of the business services provider’s stock after selling 5,044 shares during the period. MetLife Investment Advisors LLC’s holdings in Kforce were worth $297,000 as of its most recent filing with the SEC.
Several other hedge funds have also added to or reduced their stakes in KFRC. PNC Financial Services Group Inc. grew its holdings in Kforce by 12.2% in the 4th quarter. PNC Financial Services Group Inc. now owns 3,654 shares of the business services provider’s stock worth $113,000 after acquiring an additional 396 shares during the last quarter. Victory Capital Management Inc. grew its holdings in Kforce by 4.1% in the 4th quarter. Victory Capital Management Inc. now owns 10,280 shares of the business services provider’s stock worth $318,000 after acquiring an additional 401 shares during the last quarter. Citigroup Inc. grew its holdings in Kforce by 3.7% in the 4th quarter. Citigroup Inc. now owns 15,701 shares of the business services provider’s stock worth $485,000 after acquiring an additional 557 shares during the last quarter. United Services Automobile Association grew its holdings in Kforce by 11.4% in the 4th quarter. United Services Automobile Association now owns 6,601 shares of the business services provider’s stock worth $204,000 after acquiring an additional 676 shares during the last quarter. Finally, Teachers Advisors LLC grew its holdings in Kforce by 0.5% in the 3rd quarter. Teachers Advisors LLC now owns 127,547 shares of the business services provider’s stock worth $4,796,000 after acquiring an additional 678 shares during the last quarter. 82.34% of the stock is currently owned by institutional investors.
In other Kforce news, CFO David M. Kelly sold 15,000 shares of Kforce stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $35.77, for a total value of $536,550.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director N John Simmons sold 2,500 shares of Kforce stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $35.97, for a total transaction of $89,925.00. The disclosure for this sale can be found here. Insiders sold 45,013 shares of company stock valued at $1,620,197 over the last ninety days. Corporate insiders own 11.80% of the company’s stock.
NASDAQ KFRC traded down $0.27 during trading hours on Thursday, reaching $35.33. 94,817 shares of the company’s stock traded hands, compared to its average volume of 110,923. Kforce Inc. has a 52-week low of $27.95 and a 52-week high of $43.51. The stock has a market cap of $898.09 million, a P/E ratio of 15.36 and a beta of 1.31. The company has a debt-to-equity ratio of 0.43, a current ratio of 2.75 and a quick ratio of 2.75.
Kforce (NASDAQ:KFRC) last issued its quarterly earnings results on Wednesday, May 1st. The business services provider reported $0.38 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.02). The business had revenue of $326.70 million for the quarter, compared to analysts’ expectations of $329.80 million. Kforce had a net margin of 5.41% and a return on equity of 36.23%. The company’s revenue was up 2.9% on a year-over-year basis. During the same period last year, the business earned $0.37 earnings per share. Research analysts expect that Kforce Inc. will post 2.46 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, June 21st. Shareholders of record on Friday, June 7th will be issued a $0.18 dividend. The ex-dividend date of this dividend is Thursday, June 6th. This represents a $0.72 annualized dividend and a yield of 2.04%. Kforce’s dividend payout ratio (DPR) is presently 31.30%.
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Kforce Company Profile
Kforce Inc provides professional staffing services and solutions in the United States and internationally. It operates through Technology (Tech), Finance and Accounting (FA), and Government Solutions (GS) segments. The Tech segment provides temporary staffing and permanent placement services to its clients primarily in the areas of information technology, such as systems/applications architecture and development, project management, enterprise data management, business intelligence, artificial intelligence, machine learning, network architecture, and security.
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