Pitcairn Co. Grows Stock Position in Kforce Inc. (NASDAQ:KFRC)

Pitcairn Co. boosted its holdings in Kforce Inc. (NASDAQ:KFRC) by 17.2% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 9,554 shares of the business services provider’s stock after buying an additional 1,405 shares during the period. Pitcairn Co. owned 0.05% of Kforce worth $542,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Trexquant Investment LP boosted its position in shares of Kforce by 271.1% in the fourth quarter. Trexquant Investment LP now owns 78,283 shares of the business services provider’s stock worth $4,439,000 after acquiring an additional 57,187 shares during the last quarter. Geode Capital Management LLC raised its stake in Kforce by 0.4% during the fourth quarter. Geode Capital Management LLC now owns 482,199 shares of the business services provider’s stock worth $27,346,000 after purchasing an additional 1,720 shares during the period. Summit Financial LLC acquired a new position in shares of Kforce in the 4th quarter valued at $284,000. Wellington Management Group LLP grew its stake in shares of 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 period. Finally, JPMorgan Chase & Co. increased its holdings in shares of Kforce by 25.2% during the 4th quarter. JPMorgan Chase & Co. now owns 52,511 shares of the business services provider’s stock worth $2,977,000 after buying an additional 10,565 shares during the last quarter. Hedge funds and other institutional investors own 92.77% of the company’s stock.

Kforce Trading Down 1.0 %

Shares of KFRC opened at $46.76 on Friday. The stock’s fifty day simple moving average is $50.65 and its 200 day simple moving average is $55.47. Kforce Inc. has a twelve month low of $45.87 and a twelve month high of $71.48. The company has a current ratio of 2.06, a quick ratio of 2.06 and a debt-to-equity ratio of 0.16. The firm has a market capitalization of $893.55 million, a P/E ratio of 17.45 and a beta of 0.83.

Kforce Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 21st. Stockholders of record on Friday, March 7th were paid a $0.39 dividend. This is a positive change from Kforce’s previous quarterly dividend of $0.38. This represents a $1.56 annualized dividend and a dividend yield of 3.34%. The ex-dividend date of this dividend was Friday, March 7th. Kforce’s payout ratio is currently 58.21%.

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.