Thu Sep 19 08:23:33 UTC 2024: ## Rhumbline Advisers Trims Kforce Holdings Amid Mixed Investor Sentiment
**New York, NY (September 19, 2024)** – Rhumbline Advisers, a prominent investment firm, reduced its stake in Kforce Inc. (NASDAQ: KFRC) by 2.2% during the second quarter, according to a recent SEC filing. The firm now holds 39,213 shares of the business services provider, representing a $2,436,000 investment.
This move comes amidst a period of mixed sentiment towards Kforce among institutional investors. While Rhumbline trimmed its position, other hedge funds have increased their holdings in the company. Vaughan Nelson Investment Management L.P., for example, boosted its stake by 14.6% during the first quarter, bringing its total investment to $51,682,000.
Kforce’s stock opened at $62.56 on Thursday, with the company currently boasting a market capitalization of $1.22 billion. The stock has a 12-month low of $55.55 and a 12-month high of $74.79.
The company recently declared a quarterly dividend of $0.38 per share, payable on September 27th. This represents a $1.52 annualized dividend and a yield of 2.43%.
Despite the mixed investor sentiment, Kforce has garnered a “Hold” consensus rating from analysts, with an average target price of $68.00. StockNews.com recently upgraded the stock from a “hold” to a “buy” rating, while three research analysts maintained a “hold” rating.
Kforce provides professional staffing services and solutions in the United States, operating through two segments: Technology and Finance and Accounting (FA). The company’s performance will likely be influenced by the ongoing trends in the technology and finance sectors.
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