Kforce Inc. (NASDAQ:KFRC) Declares Quarterly Dividend of $0.40

Kforce Inc. (NASDAQ:KFRC) announced a quarterly dividend on Monday, October 26th. Shareholders of record on Friday, December 4th will be paid a dividend of $0.40 per share by the business services provider on Friday, December 18th. This represents a $1.60 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date is Friday, December 4th.

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 Stock Down 0.0%

KFRC opened at $58.50 on Tuesday. 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 has a 1-year low of $24.49 and a 1-year high of $61.68. The company has a market capitalization of $1.05 billion, a PE ratio of 21.83 and a beta of 0.90. The firm’s 50 day simple moving average is $53.46 and its two-hundred day simple moving average is $43.42.

Kforce (NASDAQ:KFRC) last released its earnings results on Monday, July 27th. The business services provider reported $0.73 earnings per share for the quarter, beating the consensus estimate of $0.70 by $0.03. The company had revenue of $349.33 million for the quarter, compared to the consensus estimate of $348.11 million. Kforce had a return on equity of 30.34% and a net margin of 3.59%. Kforce’s quarterly revenue was up 4.5% compared to the same quarter last year. During the same period in the previous year, the business earned $0.59 earnings per share. As a group, equities analysts forecast that Kforce will post 2.70 EPS for the current year.

Institutional Investors Weigh In On Kforce

Institutional investors have recently modified their holdings of the stock. Paradigm Capital Management Inc. NY bought a new position in Kforce during the 2nd quarter valued at about $1,727,000. Public Employees Retirement System of Ohio purchased a new stake in shares of Kforce in the second quarter worth approximately $4,336,000. Deutsche Bank AG bought a new stake in shares of Kforce during the 2nd quarter worth approximately $4,381,000. Ieq Capital LLC bought a new stake in shares of Kforce during the 2nd quarter worth approximately $1,783,000. Finally, Argent Capital Management LLC bought a new stake in shares of Kforce during the 3rd quarter worth approximately $689,000. 92.77% of the stock is owned by institutional investors.

About Kforce

Kforce Inc is a professional staffing and business solutions firm that connects organizations with skilled workers and provides services designed to support workforce and project needs. The company primarily operates through its Technology and Finance & Accounting segments.

Kforce Technology provides staffing, consulting, and project-based solutions for areas such as application development, data management, cloud computing, cybersecurity, and other information technology functions.