Phocas Financial Corp. Sells 59,738 Shares of Kforce Inc. (NASDAQ:KFRC)

Phocas Financial Corp. lessened its stake in shares of Kforce Inc. (NASDAQ:KFRC) by 85.0% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 10,533 shares of the business services provider’s stock after selling 59,738 shares during the period. Phocas Financial Corp. owned 0.06% of Kforce worth $597,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently made changes to their positions in KFRC. TD Private Client Wealth LLC grew its holdings in shares of Kforce by 58.0% in the third quarter. TD Private Client Wealth LLC now owns 496 shares of the business services provider’s stock valued at $30,000 after purchasing an additional 182 shares in the last quarter. Blue Trust Inc. lifted its position in Kforce by 259.5% during the third quarter. Blue Trust Inc. now owns 1,535 shares of the business services provider’s stock valued at $95,000 after purchasing an additional 1,108 shares during the last quarter. Advisors Asset Management Inc. raised its position in shares of Kforce by 197.3% during the 3rd quarter. Advisors Asset Management Inc. now owns 2,396 shares of the business services provider’s stock valued at $147,000 after buying an additional 1,590 shares in the last quarter. Paloma Partners Management Co bought a new position in shares of Kforce in the 3rd quarter valued at about $221,000. Finally, Heritage Family Offices LLP purchased a new position in Kforce in the fourth quarter worth about $258,000. 92.77% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on KFRC. Truist Financial decreased their price objective on Kforce from $68.00 to $58.00 and set a “hold” rating on the stock in a research report on Tuesday, October 29th. StockNews.com raised Kforce from a “hold” rating to a “buy” rating in a research report on Saturday, November 30th.

Kforce Stock Performance

Shares of NASDAQ:KFRC opened at $50.04 on Wednesday. The company has a market capitalization of $954.80 million, a price-to-earnings ratio of 18.67 and a beta of 0.88. The firm’s 50-day moving average is $54.33 and its 200 day moving average is $58.26. Kforce Inc. has a 12 month low of $48.03 and a 12 month high of $74.79. 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 firm also recently announced a quarterly dividend, which will be paid on Friday, March 21st. Shareholders of record on Friday, March 7th will be paid a $0.39 dividend. This is a positive change 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 3.12%. Kforce’s dividend payout ratio (DPR) is presently 58.21%.

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.