Kforce (NASDAQ:KFRC) Reaches New 12-Month Low – Should You Sell?

Kforce Inc. (NASDAQ:KFRC)’s share price hit a new 52-week low during mid-day trading on Monday . The stock traded as low as $48.09 and last traded at $48.21, with a volume of 1402 shares. The stock had previously closed at $48.52.

Analyst Upgrades and Downgrades

KFRC has been the subject of a number of recent analyst reports. Truist Financial lowered their price target on shares of Kforce from $68.00 to $58.00 and set a “hold” rating for the company in a report on Tuesday, October 29th. StockNews.com raised shares of Kforce from a “hold” rating to a “buy” rating in a research note on Saturday, November 30th.

Kforce Price Performance

The stock has a market cap of $928.05 million, a PE ratio of 18.14 and a beta of 0.88. The business has a fifty day simple moving average of $54.70 and a two-hundred day simple moving average of $58.45. The company has a current ratio of 2.06, a quick ratio of 2.06 and a debt-to-equity ratio of 0.16.

Kforce Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 21st. Shareholders of record on Friday, March 7th will be issued a $0.39 dividend. This is an increase from Kforce’s previous quarterly dividend of $0.38. The ex-dividend date of this dividend is Friday, March 7th. This represents a $1.56 dividend on an annualized basis and a yield of 3.21%. Kforce’s dividend payout ratio is 58.21%.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the business. TD Private Client Wealth LLC boosted its position in shares of Kforce by 58.0% in the 3rd 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 in the last quarter. Atria Investments Inc increased its holdings in shares of Kforce by 3.1% during the fourth quarter. Atria Investments Inc now owns 7,058 shares of the business services provider’s stock valued at $400,000 after acquiring an additional 209 shares in the last quarter. Access Investment Management LLC grew its position in Kforce by 0.7% during the 4th quarter. Access Investment Management LLC now owns 36,605 shares of the business services provider’s stock valued at $2,076,000 after purchasing an additional 265 shares during the last quarter. Blue Trust Inc. lifted its stake in shares of Kforce by 17.9% in 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. Finally, Exchange Traded Concepts LLC grew its holdings in shares of Kforce by 6.0% during the fourth quarter. Exchange Traded Concepts LLC now owns 5,154 shares of the business services provider’s stock valued at $292,000 after buying an additional 293 shares during the last quarter. 92.77% of the stock is currently owned by institutional investors.

Kforce Company 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.