Kforce Inc. (NASDAQ:KFRC – Get Free Report) announced a quarterly dividend on Monday, April 27th. Investors of record on Friday, June 12th will be paid a dividend of 0.40 per share by the business services provider on Friday, June 26th. This represents a c) dividend on an annualized basis and a yield of 5.0%. The ex-dividend date is Friday, June 12th.
Kforce has raised its dividend by an average of 0.1%annually over the last three years. Kforce has a payout ratio of 45.3% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Kforce to earn $3.30 per share next year, which means the company should continue to be able to cover its $1.60 annual dividend with an expected future payout ratio of 48.5%.
Kforce Trading Down 1.5%
Shares of KFRC stock opened at $31.94 on Tuesday. The firm has a market capitalization of $582.17 million, a P/E ratio of 11.92 and a beta of 0.49. Kforce has a twelve month low of $24.49 and a twelve month high of $47.48. The company has a quick ratio of 2.06, a current ratio of 2.06 and a debt-to-equity ratio of 0.16. The stock’s fifty day simple moving average is $28.50 and its 200 day simple moving average is $30.03.
Institutional Investors Weigh In On Kforce
Institutional investors have recently made changes to their positions in the stock. Parallel Advisors LLC grew its position in shares of Kforce by 427.2% in the 4th quarter. Parallel Advisors LLC now owns 854 shares of the business services provider’s stock valued at $26,000 after buying an additional 692 shares during the last quarter. EverSource Wealth Advisors LLC grew its position in shares of Kforce by 117.7% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 910 shares of the business services provider’s stock valued at $27,000 after buying an additional 492 shares during the last quarter. State of Alaska Department of Revenue bought a new stake in shares of Kforce in the 3rd quarter valued at about $29,000. Kestra Advisory Services LLC bought a new stake in shares of Kforce in the 4th quarter valued at about $31,000. Finally, Allworth Financial LP grew its position in shares of Kforce by 212.3% in the 4th quarter. Allworth Financial LP now owns 1,240 shares of the business services provider’s stock valued at $38,000 after buying an additional 843 shares during the last quarter. Institutional investors own 92.77% of the company’s stock.
About Kforce
Kforce Inc is a professional staffing services firm headquartered in Tampa, Florida, trading on NASDAQ under the symbol KFRC. The company specializes in connecting organizations with skilled talent in technology, finance and accounting, and related business functions. Through a nationwide network of offices, Kforce partners with clients across industries to deliver both flexible contract staffing and direct hire placement solutions.
Kforce’s core offerings include temporary staffing, permanent placement, and project-based consulting engagements.
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