Paradigm Capital Management Inc. NY Holds Stake in Kforce, Inc. (KFRC)

Paradigm Capital Management Inc. NY held its position in shares of Kforce, Inc. (NASDAQ:KFRC) during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 141,850 shares of the business services provider’s stock at the close of the second quarter. Paradigm Capital Management Inc. NY owned approximately 0.56% of Kforce worth $2,781,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. AJO LP purchased a new position in Kforce in the second quarter valued at approximately $1,828,000. AXA purchased a new stake in shares of Kforce during the second quarter valued at approximately $261,000. Wells Fargo & Company MN raised its stake in shares of Kforce by 13.1% during the second quarter. Wells Fargo & Company MN now owns 57,251 shares of the business services provider’s stock valued at $1,122,000 after purchasing an additional 6,632 shares during the period. LSV Asset Management raised its stake in shares of Kforce by 73.7% during the second quarter. LSV Asset Management now owns 344,933 shares of the business services provider’s stock valued at $6,760,000 after purchasing an additional 146,400 shares during the period. Finally, JPMorgan Chase & Co. raised its stake in shares of Kforce by 109.0% during the second quarter. JPMorgan Chase & Co. now owns 204,768 shares of the business services provider’s stock valued at $4,014,000 after purchasing an additional 106,810 shares during the period. Hedge funds and other institutional investors own 78.46% of the company’s stock.

A number of analysts have recently issued reports on the stock. ValuEngine lowered shares of Kforce from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. Zacks Investment Research lowered shares of Kforce from a “hold” rating to a “sell” rating in a research note on Thursday, August 3rd. Deutsche Bank AG dropped their price objective on shares of Kforce from $25.00 to $22.00 and set a “hold” rating on the stock in a research note on Wednesday, August 2nd. BidaskClub lowered shares of Kforce from a “sell” rating to a “strong sell” rating in a research note on Wednesday, August 2nd. Finally, TheStreet lowered shares of Kforce from a “b-” rating to a “c+” rating in a research note on Wednesday, May 31st. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $25.25.

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Kforce, Inc. (NASDAQ KFRC) traded up 0.27% during mid-day trading on Tuesday, hitting $18.35. 7,594 shares of the stock were exchanged. The stock has a market cap of $464.07 million, a price-to-earnings ratio of 13.37 and a beta of 1.56. Kforce, Inc. has a 52 week low of $15.95 and a 52 week high of $26.95. The company has a 50 day moving average price of $18.08 and a 200 day moving average price of $20.35.

Kforce (NASDAQ:KFRC) last posted its earnings results on Tuesday, August 1st. The business services provider reported $0.44 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.46 by $0.02. Kforce had a return on equity of 29.67% and a net margin of 2.64%. The company had revenue of $340.31 million during the quarter, compared to analyst estimates of $345.24 million. During the same quarter last year, the firm posted $0.41 earnings per share. The firm’s revenue for the quarter was up 1.6% compared to the same quarter last year. Analysts expect that Kforce, Inc. will post $1.51 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 22nd. Stockholders of record on Friday, September 8th will be issued a dividend of $0.12 per share. The ex-dividend date is Thursday, September 7th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.62%. Kforce’s dividend payout ratio (DPR) is presently 35.04%.

In other news, COO Kye L. Mitchell sold 5,000 shares of the company’s stock in a transaction that occurred on Thursday, September 7th. The stock was sold at an average price of $17.99, for a total transaction of $89,950.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 13.30% of the stock is owned by insiders.

Kforce Profile

Kforce Inc (Kforce) is engaged in providing professional and technical specialty staffing services and solutions. The Company operates through three segments, which include Technology (Tech), Finance and Accounting (FA) and Government Solutions (GS). The Company’s Tech segment includes the operations of its subsidiary Kforce Global Solutions, Inc The FA segment is engaged in providing both temporary staffing and permanent placement services to its clients in areas, such as general accounting, business analysis and others.

Institutional Ownership by Quarter for Kforce (NASDAQ:KFRC)

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