Tributary Capital Management LLC raised its position in Kforce Inc. (NASDAQ:KFRC) by 13.2% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 528,362 shares of the business services provider’s stock after acquiring an additional 61,473 shares during the quarter. Kforce makes up about 1.3% of Tributary Capital Management LLC’s holdings, making the stock its 29th biggest holding. Tributary Capital Management LLC owned about 2.04% of Kforce worth $18,556,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently modified their holdings of KFRC. PNC Financial Services Group Inc. lifted its position in shares of Kforce by 12.2% during the 4th quarter. PNC Financial Services Group Inc. now owns 3,654 shares of the business services provider’s stock worth $113,000 after buying an additional 396 shares during the last quarter. Victory Capital Management Inc. increased its holdings in shares of Kforce by 4.1% in the 4th quarter. Victory Capital Management Inc. now owns 10,280 shares of the business services provider’s stock valued at $318,000 after acquiring an additional 401 shares during the period. Citigroup Inc. increased its holdings in shares of Kforce by 3.7% in the 4th quarter. Citigroup Inc. now owns 15,701 shares of the business services provider’s stock valued at $485,000 after acquiring an additional 557 shares during the period. United Services Automobile Association increased its holdings in shares of Kforce by 11.4% in the 4th quarter. United Services Automobile Association now owns 6,601 shares of the business services provider’s stock valued at $204,000 after acquiring an additional 676 shares during the period. Finally, Teachers Advisors LLC increased its holdings in shares of Kforce by 0.5% in the 3rd quarter. Teachers Advisors LLC now owns 127,547 shares of the business services provider’s stock valued at $4,796,000 after acquiring an additional 678 shares during the period. Institutional investors own 82.34% of the company’s stock.
KFRC has been the topic of a number of recent research reports. Zacks Investment Research raised shares of Kforce from a “hold” rating to a “strong-buy” rating and set a $41.00 target price on the stock in a report on Friday, February 8th. BidaskClub raised shares of Kforce from a “hold” rating to a “buy” rating in a report on Friday, February 8th. Finally, ValuEngine raised shares of Kforce from a “hold” rating to a “buy” rating in a research note on Thursday, February 7th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $40.20.
Kforce (NASDAQ:KFRC) last posted its quarterly earnings data on Wednesday, May 1st. The business services provider reported $0.38 EPS for the quarter, missing the Zacks’ consensus estimate of $0.40 by ($0.02). Kforce had a net margin of 5.41% and a return on equity of 36.23%. The company had revenue of $326.70 million for the quarter, compared to analyst estimates of $329.80 million. During the same period in the prior year, the company earned $0.37 EPS. The company’s revenue was up 2.9% compared to the same quarter last year. Analysts forecast that Kforce Inc. will post 2.46 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, June 21st. Investors of record on Friday, June 7th will be given a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 2.04%. The ex-dividend date of this dividend is Thursday, June 6th. Kforce’s dividend payout ratio (DPR) is presently 31.30%.
In other Kforce news, Director N John Simmons sold 2,500 shares of the stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of $35.97, for a total value of $89,925.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO David M. Kelly sold 10,000 shares of the stock in a transaction that occurred on Friday, May 3rd. The shares were sold at an average price of $35.80, for a total transaction of $358,000.00. The disclosure for this sale can be found here. In the last three months, insiders have sold 45,013 shares of company stock valued at $1,620,197. Corporate insiders own 11.80% of the company’s stock.
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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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