TIAA CREF Investment Management LLC lowered its position in shares of Kforce, Inc. (NASDAQ:KFRC) by 5.3% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 215,891 shares of the business services provider’s stock after selling 12,038 shares during the period. TIAA CREF Investment Management LLC owned about 0.85% of Kforce worth $4,231,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. BNP Paribas Arbitrage SA lifted its stake in shares of Kforce by 612.0% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 5,340 shares of the business services provider’s stock valued at $105,000 after acquiring an additional 4,590 shares during the last quarter. FNY Managed Accounts LLC lifted its stake in shares of Kforce by 117.8% in the 2nd quarter. FNY Managed Accounts LLC now owns 5,445 shares of the business services provider’s stock valued at $106,000 after acquiring an additional 2,945 shares during the last quarter. Dubuque Bank & Trust Co. lifted its stake in shares of Kforce by 22.7% in the 2nd quarter. Dubuque Bank & Trust Co. now owns 11,665 shares of the business services provider’s stock valued at $229,000 after acquiring an additional 2,158 shares during the last quarter. AXA bought a new stake in shares of Kforce in the 2nd quarter valued at about $261,000. Finally, KBC Group NV bought a new stake in shares of Kforce in the 2nd quarter valued at about $266,000. 78.42% of the stock is owned by hedge funds and other institutional investors.

Kforce, Inc. (NASDAQ:KFRC) opened at 20.15 on Friday. Kforce, Inc. has a 12-month low of $15.95 and a 12-month high of $26.95. The stock has a market cap of $509.59 million, a P/E ratio of 14.69 and a beta of 1.59. The firm’s 50 day moving average price is $19.27 and its 200-day moving average price is $19.38.

Kforce (NASDAQ:KFRC) last posted its quarterly 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 net margin of 2.64% and a return on equity of 29.67%. The company had revenue of $340.31 million for the quarter, compared to the consensus estimate of $345.24 million. During the same period in the prior year, the firm posted $0.41 EPS. The business’s revenue was up 1.6% on a year-over-year basis. Equities research analysts anticipate that Kforce, Inc. will post $1.51 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Friday, September 22nd. Stockholders of record on Friday, September 8th were paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 2.38%. The ex-dividend date was Thursday, September 7th. Kforce’s dividend payout ratio is presently 35.04%.

In other news, COO Kye L. Mitchell sold 5,000 shares of Kforce stock in a transaction that occurred on Thursday, September 7th. The shares were sold at an average price of $17.99, for a total transaction of $89,950.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 13.30% of the company’s stock.

A number of equities research analysts have recently weighed in on the company. SunTrust Banks, Inc. lowered Kforce from a “buy” rating to a “hold” rating and lowered their target price for the company from $23.00 to $22.00 in a research note on Wednesday, October 11th. Zacks Investment Research raised Kforce from a “sell” rating to a “hold” rating in a research report on Wednesday, October 4th. TheStreet raised Kforce from a “c+” rating to a “b” rating in a research report on Monday, October 2nd. BidaskClub lowered Kforce from a “buy” rating to a “hold” rating in a research report on Saturday, July 8th. Finally, ValuEngine raised Kforce from a “hold” rating to a “buy” rating in a research report on Tuesday, June 27th. One analyst has rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the stock. Kforce currently has a consensus rating of “Hold” and an average target price of $23.20.

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Kforce Company 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.

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Institutional Ownership by Quarter for Kforce (NASDAQ:KFRC)

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