Public Employees Retirement Association of Colorado continued to hold its position in Kforce Inc. (NASDAQ:KFRC) during the second quarter, Holdings Channel reports. The fund owned 514,754 shares of the company’s stock at the end of the second quarter. Public Employees Retirement Association of Colorado’s holdings in Kforce were worth $8,694,000 as of its most recent SEC filing.
Several other institutional investors have also added to or reduced their stakes in the stock. Strs Ohio increased its position in shares of Kforce by 15.2% in the second quarter. Strs Ohio now owns 17,700 shares of the company’s stock worth $298,000 after buying an additional 2,335 shares in the last quarter. Bank of Montreal Can purchased a new position in shares of Kforce during the second quarter worth $1,019,000. Old Mutual Global Investors UK Ltd. increased its position in shares of Kforce by 138.6% in the second quarter. Old Mutual Global Investors UK Ltd. now owns 77,302 shares of the company’s stock worth $1,305,000 after buying an additional 44,904 shares in the last quarter. Panagora Asset Management Inc. increased its position in shares of Kforce by 13.2% in the first quarter. Panagora Asset Management Inc. now owns 287,624 shares of the company’s stock worth $5,632,000 after buying an additional 33,528 shares in the last quarter. Finally, Bogle Investment Management L P DE purchased a new position in shares of Kforce during the first quarter worth $2,586,000. 80.63% of the stock is owned by hedge funds and other institutional investors.
Kforce Inc. (NASDAQ:KFRC) traded up 0.67% during midday trading on Friday, reaching $19.62. 49,286 shares of the company’s stock traded hands. The stock has a market cap of $513.93 million, a P/E ratio of 13.33 and a beta of 1.56. Kforce Inc. has a 52-week low of $14.87 and a 52-week high of $28.84. The company’s 50-day moving average price is $19.48 and its 200-day moving average price is $18.73.
Kforce (NASDAQ:KFRC) last announced its quarterly earnings data on Tuesday, August 2nd. The company reported $0.41 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.40 by $0.01. Kforce had a net margin of 3.01% and a return on equity of 31.94%. The company earned $335 million during the quarter, compared to analysts’ expectations of $334.91 million. During the same quarter in the prior year, the company earned $0.41 EPS. The firm’s revenue was down .7% on a year-over-year basis. On average, equities analysts predict that Kforce Inc. will post $1.48 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 23rd. Stockholders of record on Friday, September 9th were paid a $0.12 dividend. The ex-dividend date was Wednesday, September 7th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.45%. Kforce’s dividend payout ratio (DPR) is 32.88%.
A number of equities analysts recently weighed in on the stock. Zacks Investment Research raised shares of Kforce from a “sell” rating to a “hold” rating in a research note on Wednesday, October 5th. Deutsche Bank AG assumed coverage on shares of Kforce in a research note on Wednesday, August 17th. They set a “hold” rating and a $19.00 target price for the company. Finally, Credit Suisse Group AG reissued a “buy” rating and set a $21.00 target price on shares of Kforce in a research note on Wednesday, August 3rd.
In other news, COO Kye L. Mitchell sold 3,732 shares of the company’s stock in a transaction on Thursday, August 25th. The shares were sold at an average price of $19.82, for a total value of $73,968.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, President Joseph J. Liberatore sold 75,000 shares of the company’s stock in a transaction on Wednesday, August 17th. The shares were sold at an average price of $18.19, for a total transaction of $1,364,250.00. The disclosure for this sale can be found here. 12.80% of the stock is currently owned by insiders.
Kforce Inc is engaged in providing professional and technical specialty staffing services and solutions. The Company operates through three segments, which include Technology (Tech), which provides both temporary staffing and permanent placement services to its clients, focusing primarily on areas of information technology, such as systems/applications, e-commerce, technology infrastructure, network architecture and security; Finance and Accounting (FA), which is engaged in providing both temporary staffing and permanent placement services to its clients in areas, such as general accounting, business analysis and others, and Government Solutions (GS), which is engaged in providing services and solutions to the Federal Government as both a prime contractor and a subcontractor in the fields of information technology, and finance and accounting.
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