Robeco Institutional Asset Management B.V. Raises Stake in Kforce Inc. (KFRC)

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Robeco Institutional Asset Management B.V. increased its position in shares of Kforce Inc. (NASDAQ:KFRC) by 100.0% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 30,632 shares of the business services provider’s stock after acquiring an additional 15,316 shares during the quarter. Robeco Institutional Asset Management B.V. owned about 0.12% of Kforce worth $1,102,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. BlackRock Inc. raised its holdings in shares of Kforce by 3.2% during the first quarter. BlackRock Inc. now owns 1,599,705 shares of the business services provider’s stock worth $43,272,000 after purchasing an additional 50,312 shares during the last quarter. Campbell & CO Investment Adviser LLC purchased a new position in shares of Kforce during the second quarter worth $252,000. Bank of Montreal Can raised its holdings in shares of Kforce by 8.0% during the second quarter. Bank of Montreal Can now owns 62,709 shares of the business services provider’s stock worth $2,151,000 after purchasing an additional 4,668 shares during the last quarter. Capital One National Association purchased a new position in shares of Kforce during the second quarter worth $339,000. Finally, Hartford Investment Management Co. purchased a new position in shares of Kforce during the second quarter worth $343,000. 79.34% of the stock is currently owned by institutional investors and hedge funds.

In other news, COO Kye L. Mitchell sold 5,770 shares of Kforce stock in a transaction dated Friday, November 2nd. The shares were sold at an average price of $32.34, for a total value of $186,601.80. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Richard M. Cocchiaro sold 5,373 shares of Kforce stock in a transaction dated Friday, August 24th. The shares were sold at an average price of $42.51, for a total transaction of $228,406.23. Following the completion of the sale, the director now owns 406,539 shares in the company, valued at approximately $17,281,972.89. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 89,071 shares of company stock worth $3,662,013. 12.50% of the stock is owned by company insiders.

Several research firms recently commented on KFRC. BidaskClub lowered shares of Kforce from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, September 12th. Robert W. Baird restated a “buy” rating and set a $45.00 price target on shares of Kforce in a research report on Thursday, August 2nd. Credit Suisse Group began coverage on shares of Kforce in a research report on Friday, August 10th. They set a “neutral” rating and a $38.00 price target on the stock. ValuEngine lowered shares of Kforce from a “buy” rating to a “hold” rating in a research report on Thursday, November 1st. Finally, Zacks Investment Research upgraded shares of Kforce from a “hold” rating to a “buy” rating and set a $47.00 price target on the stock in a research report on Saturday, August 4th. Five investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Kforce currently has an average rating of “Hold” and a consensus price target of $41.40.

KFRC stock opened at $32.66 on Wednesday. The firm has a market cap of $852.99 million, a P/E ratio of 20.80 and a beta of 1.73. The company has a current ratio of 2.66, a quick ratio of 2.66 and a debt-to-equity ratio of 0.49. Kforce Inc. has a one year low of $23.17 and a one year high of $43.51.

Kforce (NASDAQ:KFRC) last released its quarterly earnings results on Wednesday, October 31st. The business services provider reported $0.64 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.66 by ($0.02). The firm had revenue of $355.45 million for the quarter, compared to analyst estimates of $356.89 million. Kforce had a net margin of 3.40% and a return on equity of 36.45%. The firm’s quarterly revenue was up 4.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.45 EPS. Research analysts predict that Kforce Inc. will post 2.21 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, December 21st. Investors of record on Friday, December 7th will be given a dividend of $0.18 per share. The ex-dividend date of this dividend is Thursday, December 6th. This represents a $0.72 annualized dividend and a yield of 2.20%. Kforce’s dividend payout ratio is presently 45.86%.

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Kforce Company Profile

Kforce Inc provides professional staffing services and solutions in the United States and internationally. It operates through Technology (Tech), Finance and Accounting (FA), and Government Solutions (GS) segments. The Tech segment provides temporary staffing and permanent placement services to its clients primarily in the areas of information technology, such as systems/applications architecture and development, project management, enterprise data management, business intelligence, artificial intelligence, machine learning, network architecture, and security.

Further Reading: What is an Initial Public Offering (IPO)?

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Institutional Ownership by Quarter for Kforce (NASDAQ:KFRC)

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