Kforce Inc. (NASDAQ:KFRC) Stock Position Raised by Polaris Capital Management LLC

Polaris Capital Management LLC boosted its holdings in Kforce Inc. (NASDAQ:KFRC) by 8.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 35,694 shares of the business services provider’s stock after acquiring an additional 2,700 shares during the period. Polaris Capital Management LLC owned about 0.19% of Kforce worth $2,024,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. Mirae Asset Global Investments Co. Ltd. boosted its position in Kforce by 18.0% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 12,657 shares of the business services provider’s stock valued at $718,000 after purchasing an additional 1,935 shares during the period. Blue Trust Inc. grew its position in shares of Kforce by 17.9% during the fourth quarter. Blue Trust Inc. now owns 1,810 shares of the business services provider’s stock worth $111,000 after acquiring an additional 275 shares during the last quarter. Tributary Capital Management LLC increased its holdings in shares of Kforce by 38.3% in the 4th quarter. Tributary Capital Management LLC now owns 422,930 shares of the business services provider’s stock worth $23,980,000 after acquiring an additional 117,231 shares during the period. Exchange Traded Concepts LLC lifted its position in Kforce by 6.0% in the 4th quarter. Exchange Traded Concepts LLC now owns 5,154 shares of the business services provider’s stock valued at $292,000 after purchasing an additional 293 shares during the last quarter. Finally, Inspire Investing LLC grew its position in Kforce by 5.9% in the 4th quarter. Inspire Investing LLC now owns 7,067 shares of the business services provider’s stock worth $401,000 after purchasing an additional 394 shares during the last quarter. 92.77% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have recently issued reports on KFRC. Sidoti upgraded Kforce from a “neutral” rating to a “buy” rating and set a $71.00 price objective for the company in a research report on Tuesday, October 15th. Truist Financial reduced their price objective 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. Finally, StockNews.com raised shares of Kforce from a “hold” rating to a “buy” rating in a research note on Saturday, November 30th.

Kforce Trading Down 0.5 %

Shares of Kforce stock opened at $51.36 on Tuesday. The business has a fifty day simple moving average of $56.63 and a 200-day simple moving average of $59.51. Kforce Inc. has a fifty-two week low of $51.11 and a fifty-two week high of $74.79. The firm has a market cap of $979.95 million, a price-to-earnings ratio of 19.55 and a beta of 0.88. The company has a quick ratio of 2.06, a current ratio of 2.06 and a debt-to-equity ratio of 0.16.

Kforce Increases Dividend

The firm also recently declared 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 represents a $1.56 dividend on an annualized basis and a yield of 3.04%. This is an increase from Kforce’s previous quarterly dividend of $0.38. The ex-dividend date of this dividend is Friday, March 7th. Kforce’s dividend payout ratio is presently 56.72%.

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.