Dear Valued Visitor,

We have noticed that you are using an ad blocker software.

Although advertisements on the web pages may degrade your experience, our business certainly depends on them and we can only keep providing you high-quality research based articles as long as we can display ads on our pages.

To view this article, you can disable your ad blocker and refresh this page or simply login.

We only allow registered users to use ad blockers. You can sign up for free by clicking here or you can login if you are already a member.

Kforce Inc. (KFRC): Hedge Funds Are Snapping Up

The latest 13F reporting period has come and gone, and Insider Monkey is again at the forefront when it comes to making use of this gold mine of data. We have processed the filings of the more than 700 world-class investment firms that we track and now have access to the collective wisdom contained in these filings, which are based on their September 30 holdings, data that is available nowhere else. Should you consider Kforce Inc. (NASDAQ:KFRC) for your portfolio? We’ll look to this invaluable collective wisdom for the answer.

Kforce Inc. (NASDAQ:KFRC) was in 20 hedge funds’ portfolios at the end of September. KFRC investors should be aware of an increase in support from the world’s most elite money managers lately. There were 18 hedge funds in our database with KFRC holdings at the end of the previous quarter. At the end of this article we will also compare KFRC to other stocks, including Square 1 Financial Inc (NASDAQ:SQBK), Coherus Biosciences Inc (NASDAQ:CHRS), and Rexford Industrial Realty Inc (NYSE:REXR) to get a better sense of its popularity.

Follow Kforce Inc (NASDAQ:KFRC)
Trade (NASDAQ:KFRC) Now!

Today there are a multitude of methods that stock traders have at their disposal to size up their holdings. A couple of the most useful methods are hedge fund and insider trading activity. We have shown that, historically, those who follow the top picks of the top investment managers can outclass their index-focused peers by a significant margin (see the details here).

Keeping this in mind, let’s review the new action surrounding Kforce Inc. (NASDAQ:KFRC).

What does the smart money think about Kforce Inc. (NASDAQ:KFRC)?

At Q3’s end, a total of 20 of the hedge funds tracked by Insider Monkey were long this stock, an increase of 11% from the second quarter. With hedge funds’ positions undergoing their usual ebb and flow, there exists a select group of notable hedge fund managers who were upping their holdings considerably (or already accumulated large positions).

When looking at the institutional investors followed by Insider Monkey, Lee Munder Capital Group, managed by Lee Munder, holds the largest position in Kforce Inc. (NASDAQ:KFRC). According to its latest 13F filing, the fund has a $21.6 million position in the stock, comprising 0.5% of its 13F portfolio. The second most bullish fund manager is Chuck Royce of Royce & Associates, with a $9.7 million position; 0.1% of its 13F portfolio is allocated to the stock. Other hedge funds and institutional investors that are bullish encompass Israel Englander’s Millennium Management, Jim Simons’s Renaissance Technologies and Ken Griffin’s Citadel Investment Group.

DOWNLOAD FREE REPORT: Warren Buffett's Best Stock Picks

Let Warren Buffett, George Soros, Steve Cohen, and Daniel Loeb WORK FOR YOU.

If you want to beat the low cost index funds by 19 percentage points per year, look no further than our monthly newsletter.In this free report you can find an in-depth analysis of the performance of Warren Buffett's entire historical stock picks. We uncovered Warren Buffett's Best Stock Picks and a way to for Buffett to improve his returns by more than 4 percentage points per year.

Bonus Biotech Stock Pick: You can also find a detailed bonus biotech stock pick that we expect to return more than 50% within 12 months.
Subscribe me to Insider Monkey's Free Daily Newsletter
This is a FREE report from Insider Monkey. Credit Card is NOT required.