Kforce Inc. (NASDAQ:KFRC) Shares Sold by Gladius Capital Management LP

Gladius Capital Management LP cut its holdings in Kforce Inc. (NASDAQ:KFRC) by 19.5% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 701 shares of the business services provider’s stock after selling 170 shares during the period. Gladius Capital Management LP’s holdings in Kforce were worth $44,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the business. Blue Trust Inc. lifted its holdings in shares of Kforce by 59.9% in the second quarter. Blue Trust Inc. now owns 427 shares of the business services provider’s stock valued at $27,000 after purchasing an additional 160 shares in the last quarter. SG Americas Securities LLC acquired a new position in shares of Kforce during the 2nd quarter worth approximately $718,000. Annex Advisory Services LLC lifted its stake in Kforce by 14.8% in the 2nd quarter. Annex Advisory Services LLC now owns 9,008 shares of the business services provider’s stock valued at $560,000 after buying an additional 1,162 shares in the last quarter. Harbor Capital Advisors Inc. grew its holdings in Kforce by 14.1% during the 2nd quarter. Harbor Capital Advisors Inc. now owns 9,287 shares of the business services provider’s stock valued at $577,000 after buying an additional 1,146 shares during the last quarter. Finally, BOKF NA acquired a new stake in Kforce during the 1st quarter valued at $359,000. 92.77% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director Mark F. Furlong sold 5,000 shares of the stock in a transaction on Tuesday, May 28th. The stock was sold at an average price of $61.70, for a total value of $308,500.00. Following the transaction, the director now directly owns 26,297 shares of the company’s stock, valued at approximately $1,622,524.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In related news, Director Mark F. Furlong sold 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 28th. The shares were sold at an average price of $61.70, for a total value of $308,500.00. Following the transaction, the director now owns 26,297 shares in the company, valued at $1,622,524.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Andrew G. Thomas sold 4,801 shares of Kforce stock in a transaction that occurred on Tuesday, June 4th. The shares were sold at an average price of $61.43, for a total transaction of $294,925.43. Following the transaction, the insider now directly owns 94,095 shares in the company, valued at $5,780,255.85. The disclosure for this sale can be found here. Over the last quarter, insiders sold 16,439 shares of company stock valued at $1,015,114. Insiders own 5.50% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the company. StockNews.com upgraded Kforce from a “hold” rating to a “buy” rating in a research report on Thursday, August 1st. Robert W. Baird reduced 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. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, Kforce presently has an average rating of “Hold” and a consensus target price of $68.00.

Kforce Trading Down 0.4 %

Shares of KFRC stock traded down $0.26 during mid-day trading on Friday, hitting $64.74. 45,450 shares of the company’s stock were exchanged, compared to its average volume of 82,348. The stock has a market cap of $1.25 billion, a price-to-earnings ratio of 21.04 and a beta of 0.89. The company has a quick ratio of 2.33, a current ratio of 2.33 and a debt-to-equity ratio of 0.22. Kforce Inc. has a fifty-two week low of $55.55 and a fifty-two week high of $74.79. The stock has a 50-day simple moving average of $63.66 and a two-hundred day simple moving average of $65.51.

Kforce (NASDAQ:KFRC) last issued its quarterly earnings results on Monday, July 29th. The business services provider reported $0.75 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.73 by $0.02. The firm had revenue of $356.32 million for the quarter, compared to analyst estimates of $356.20 million. Kforce had a return on equity of 34.89% and a net margin of 3.56%. The firm’s quarterly revenue was down 8.4% on a year-over-year basis. During the same period last year, the company earned $0.95 EPS. Equities analysts expect that Kforce Inc. will post 2.7 EPS for the current fiscal year.

Kforce Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, September 27th. Investors of record on Friday, September 13th will be issued a $0.38 dividend. The ex-dividend date is Friday, September 13th. This represents a $1.52 dividend on an annualized basis and a yield of 2.35%. Kforce’s payout ratio is 52.60%.

Kforce 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.