Mirae Asset Global Investments Co. Ltd. Buys 735 Shares of Kforce Inc. (NASDAQ:KFRC)

Mirae Asset Global Investments Co. Ltd. boosted its stake in shares of Kforce Inc. (NASDAQ:KFRC) by 6.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,409 shares of the business services provider’s stock after purchasing an additional 735 shares during the quarter. Mirae Asset Global Investments Co. Ltd. owned about 0.06% of Kforce worth $771,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Trust Point Inc. bought a new position in Kforce during the fourth quarter worth $612,000. Kingswood Wealth Advisors LLC bought a new position in Kforce during the fourth quarter worth $251,000. Raymond James & Associates boosted its position in shares of Kforce by 2.4% in the fourth quarter. Raymond James & Associates now owns 99,240 shares of the business services provider’s stock valued at $6,705,000 after acquiring an additional 2,282 shares during the period. Citigroup Inc. boosted its position in shares of Kforce by 12.6% in the third quarter. Citigroup Inc. now owns 14,636 shares of the business services provider’s stock valued at $873,000 after acquiring an additional 1,633 shares during the period. Finally, Alps Advisors Inc. bought a new stake in shares of Kforce in the third quarter valued at about $722,000. 92.77% of the stock is owned by institutional investors.

Kforce Trading Down 0.2 %

KFRC opened at $64.08 on Thursday. Kforce Inc. has a twelve month low of $50.89 and a twelve month high of $74.79. The company has a 50-day simple moving average of $68.42 and a 200 day simple moving average of $66.36. The company has a quick ratio of 2.37, a current ratio of 2.37 and a debt-to-equity ratio of 0.26. The stock has a market capitalization of $1.25 billion, a price-to-earnings ratio of 20.39 and a beta of 0.85.

Kforce (NASDAQ:KFRC) last posted its quarterly earnings data on Monday, February 5th. The business services provider reported $0.82 earnings per share for the quarter, topping the consensus estimate of $0.79 by $0.03. Kforce had a net margin of 3.99% and a return on equity of 38.24%. The business had revenue of $363.45 million during the quarter, compared to analysts’ expectations of $363.29 million. During the same quarter in the prior year, the business posted $0.93 earnings per share. Kforce’s revenue was down 13.4% compared to the same quarter last year. Analysts predict that Kforce Inc. will post 3.02 EPS for the current fiscal year.

Kforce Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Friday, March 15th were given a dividend of $0.38 per share. This is a boost from Kforce’s previous quarterly dividend of $0.36. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $1.52 annualized dividend and a yield of 2.37%. Kforce’s dividend payout ratio is currently 48.56%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on KFRC shares. Truist Financial boosted their target price on shares of Kforce from $57.00 to $70.00 and gave the company a “hold” rating in a research report on Thursday, January 25th. StockNews.com cut shares of Kforce from a “buy” rating to a “hold” rating in a research report on Tuesday, February 6th. Finally, Robert W. Baird boosted their target price on shares of Kforce from $62.00 to $72.00 and gave the company an “outperform” rating in a research report on Tuesday, February 6th. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $68.33.

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.