Kforce (NASDAQ:KFRC) Hits New 12-Month Low – Should You Sell?

Kforce Inc. (NASDAQ:KFRC)’s share price reached a new 52-week low on Tuesday . The company traded as low as $49.00 and last traded at $49.36, with a volume of 7258 shares. The stock had previously closed at $49.94.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on KFRC. StockNews.com raised shares of Kforce from a “hold” rating to a “buy” rating in a research note on Saturday, November 30th. Truist Financial decreased their price target on shares of Kforce from $68.00 to $58.00 and set a “hold” rating for the company in a research note on Tuesday, October 29th.

Kforce Trading Down 2.3 %

The stock’s fifty day moving average price is $55.57 and its 200 day moving average price is $58.86. 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 has a market cap of $930.76 million, a PE ratio of 18.20 and a beta of 0.88.

Kforce Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 21st. Stockholders of record on Friday, March 7th will be issued a dividend of $0.39 per share. This is a boost from Kforce’s previous quarterly dividend of $0.38. The ex-dividend date is Friday, March 7th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 3.20%. Kforce’s dividend payout ratio is presently 58.21%.

Institutional Investors Weigh In On Kforce

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Harbor Capital Advisors Inc. grew its position in shares of Kforce by 10.6% during the 4th quarter. Harbor Capital Advisors Inc. now owns 9,307 shares of the business services provider’s stock valued at $528,000 after acquiring an additional 889 shares during the period. Barclays PLC grew its position in shares of Kforce by 171.9% during the 3rd quarter. Barclays PLC now owns 42,166 shares of the business services provider’s stock valued at $2,591,000 after acquiring an additional 26,657 shares during the period. Geode Capital Management LLC grew its position in shares of Kforce by 4.0% during the 3rd quarter. Geode Capital Management LLC now owns 480,479 shares of the business services provider’s stock valued at $29,530,000 after acquiring an additional 18,386 shares during the period. Raymond James & Associates grew its position in shares of Kforce by 3.8% during the 3rd quarter. Raymond James & Associates now owns 98,253 shares of the business services provider’s stock valued at $6,038,000 after acquiring an additional 3,560 shares during the period. Finally, Intech Investment Management LLC purchased a new position in shares of Kforce during the 3rd quarter valued at $302,000. Hedge funds and other institutional investors own 92.77% of the company’s stock.

Kforce Company Profile

Kforce Inc provides professional staffing services and solutions in the United States. It operates through two segments, Technology, and Finance and Accounting (FA). The Technology segment provides talent solutions to its clients primarily in the areas of information technology, such as systems/applications architecture and development, data management and analytics, business and artificial intelligence, machine learning, project and program management, and network architecture and security.