Today, Kforce Inc. (KFRC) Stake Increased by Macquarie Group Ltd.

Today, Kforce Inc. (KFRC) Stake Increased by Macquarie Group Ltd.

Macquarie Group Ltd. boosted its stake in shares of Kforce Inc. (NASDAQ:KFRC) by 40.6% during the second quarter, Holdings Channel reports. The firm owned 1,021,504 shares of the company’s stock after buying an additional 295,173 shares during the period. Macquarie Group Ltd.’s holdings in Kforce were worth $17,253,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the stock. First Mercantile Trust Co. increased its stake in shares of Kforce by 6.8% in the second quarter. First Mercantile Trust Co. now owns 6,760 shares of the company’s stock valued at $114,000 after buying an additional 430 shares during the period. Rational Advisors LLC purchased a new stake in shares of Kforce during the second quarter valued at approximately $118,000. O Shaughnessy Asset Management LLC increased its stake in shares of Kforce by 620.0% in the second quarter. O Shaughnessy Asset Management LLC now owns 7,488 shares of the company’s stock valued at $126,000 after buying an additional 6,448 shares during the period. Acrospire Investment Management LLC increased its stake in shares of Kforce by 41.5% in the second quarter. Acrospire Investment Management LLC now owns 7,498 shares of the company’s stock valued at $127,000 after buying an additional 2,200 shares during the period. Finally, BlackRock Inc. increased its stake in shares of Kforce by 506.5% in the second quarter. BlackRock Inc. now owns 9,109 shares of the company’s stock valued at $153,000 after buying an additional 7,607 shares during the period. Institutional investors and hedge funds own 82.35% of the company’s stock.

Kforce Inc. (NASDAQ:KFRC) traded down 0.23% during midday trading on Monday, reaching $21.25. 104,195 shares of the company’s stock were exchanged. The firm’s 50-day moving average is $18.96 and its 200 day moving average is $18.64. The stock has a market cap of $547.08 million, a P/E ratio of 16.03 and a beta of 1.38. Kforce Inc. has a 1-year low of $14.86 and a 1-year high of $27.43.

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 23rd. Stockholders of record on Friday, December 9th will be given a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 2.25%. The ex-dividend date of this dividend is Wednesday, December 7th. Kforce’s dividend payout ratio is 36.36%.

Several equities research analysts recently commented on the stock. Deutsche Bank AG assumed coverage on shares of Kforce in a research report on Wednesday, August 17th. They issued a “hold” rating and a $19.00 price target for the company. Zacks Investment Research downgraded shares of Kforce from a “hold” rating to a “sell” rating in a research report on Thursday, August 4th. Finally, Credit Suisse Group AG reiterated a “buy” rating and issued a $21.00 target price on shares of Kforce in a research report on Wednesday, August 3rd.

In other news, CFO David M. Kelly sold 2,600 shares of Kforce stock in a transaction that occurred on Monday, November 7th. The shares were sold at an average price of $17.06, for a total transaction of $44,356.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders own 12.80% of the company’s stock.

About Kforce

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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