Kforce (NASDAQ:KFRC) Sets New 52-Week Low – Here’s What Happened

Shares of Kforce Inc. (NASDAQ:KFRC) hit a new 52-week low during mid-day trading on Friday . The company traded as low as $47.63 and last traded at $47.70, with a volume of 49371 shares traded. The stock had previously closed at $49.21.

Wall Street Analyst Weigh In

Separately, StockNews.com raised Kforce from a “hold” rating to a “buy” rating in a research note on Saturday, November 30th.

Kforce Trading Down 2.5 %

The firm has a market cap of $917.14 million, a price-to-earnings ratio of 17.93 and a beta of 0.83. The company has a debt-to-equity ratio of 0.16, a quick ratio of 2.06 and a current ratio of 2.06. The business has a fifty day moving average of $52.24 and a two-hundred day moving average of $56.63.

Kforce Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 21st. Investors of record on Friday, March 7th will be issued a $0.39 dividend. The ex-dividend date is Friday, March 7th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 3.25%. This is a boost from Kforce’s previous quarterly dividend of $0.38. Kforce’s dividend payout ratio is currently 58.21%.

Institutional Investors Weigh In On Kforce

A number of institutional investors and hedge funds have recently modified their holdings of KFRC. Charles Schwab Investment Management Inc. grew its holdings in Kforce by 5.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 758,963 shares of the business services provider’s stock valued at $43,033,000 after buying an additional 39,800 shares during the last quarter. Geode Capital Management LLC grew its holdings in Kforce by 0.4% during the 4th quarter. Geode Capital Management LLC now owns 482,199 shares of the business services provider’s stock valued at $27,346,000 after buying an additional 1,720 shares during the last quarter. Tributary Capital Management LLC grew its holdings in Kforce by 38.3% during the 4th quarter. Tributary Capital Management LLC now owns 422,930 shares of the business services provider’s stock valued at $23,980,000 after buying an additional 117,231 shares during the last quarter. Wellington Management Group LLP grew its holdings in Kforce by 36.3% during the 4th quarter. Wellington Management Group LLP now owns 297,111 shares of the business services provider’s stock valued at $16,846,000 after buying an additional 79,100 shares during the last quarter. Finally, Northern Trust Corp grew its holdings in Kforce by 5.6% during the 4th quarter. Northern Trust Corp now owns 258,765 shares of the business services provider’s stock valued at $14,672,000 after buying an additional 13,811 shares during the last quarter. Institutional investors and hedge funds own 92.77% of the company’s stock.

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.