Kforce Inc. (NASDAQ:KFRC) insider Michael R. Blackman sold 378 shares of Kforce stock in a transaction that occurred on Tuesday, December 4th. The stock was sold at an average price of $31.75, for a total value of $12,001.50. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.
Michael R. Blackman also recently made the following trade(s):
- On Tuesday, November 13th, Michael R. Blackman sold 6,326 shares of Kforce stock. The shares were sold at an average price of $31.21, for a total value of $197,434.46.
Shares of NASDAQ KFRC opened at $29.50 on Friday. Kforce Inc. has a twelve month low of $23.80 and a twelve month high of $43.51. The company has a quick ratio of 2.66, a current ratio of 2.66 and a debt-to-equity ratio of 0.49. The firm has a market capitalization of $785.87 million, a PE ratio of 18.79 and a beta of 1.74.
Kforce (NASDAQ:KFRC) last issued its quarterly earnings data on Wednesday, October 31st. The business services provider reported $0.64 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.66 by ($0.02). Kforce had a net margin of 3.40% and a return on equity of 36.45%. The firm had revenue of $355.45 million during the quarter, compared to analyst estimates of $356.89 million. During the same period in the previous year, the firm posted $0.45 earnings per share. The company’s quarterly revenue was up 4.2% compared to the same quarter last year. As a group, research analysts anticipate that Kforce Inc. will post 2.21 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 21st. Stockholders of record on Friday, December 7th will be paid a $0.18 dividend. The ex-dividend date is Thursday, December 6th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 2.44%. Kforce’s payout ratio is presently 45.86%.
Several hedge funds and other institutional investors have recently modified their holdings of the company. BlackRock Inc. grew its stake in shares of Kforce by 30.1% in the third quarter. BlackRock Inc. now owns 2,693,340 shares of the business services provider’s stock valued at $101,271,000 after buying an additional 622,623 shares in the last quarter. Vanguard Group Inc. grew its stake in Kforce by 7.5% during the 3rd quarter. Vanguard Group Inc. now owns 2,262,431 shares of the business services provider’s stock worth $85,067,000 after purchasing an additional 157,652 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in Kforce by 0.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,461,301 shares of the business services provider’s stock worth $50,123,000 after purchasing an additional 4,460 shares in the last quarter. Royce & Associates LP grew its stake in Kforce by 32.4% during the 2nd quarter. Royce & Associates LP now owns 637,636 shares of the business services provider’s stock worth $21,871,000 after purchasing an additional 156,117 shares in the last quarter. Finally, AQR Capital Management LLC grew its stake in Kforce by 68.4% during the 3rd quarter. AQR Capital Management LLC now owns 578,423 shares of the business services provider’s stock worth $21,749,000 after purchasing an additional 234,919 shares in the last quarter. 82.33% of the stock is owned by institutional investors and hedge funds.
A number of research firms have commented on KFRC. BidaskClub downgraded Kforce from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, September 12th. Credit Suisse Group initiated coverage on Kforce in a research note on Friday, August 10th. They issued a “neutral” rating and a $38.00 price objective for the company. Finally, ValuEngine cut Kforce from a “buy” rating to a “hold” rating in a research note on Thursday, November 1st. One analyst has rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $41.40.
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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.
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