Kforce Inc. (NASDAQ:KFRC) has received an average rating of “Hold” from the six ratings firms that are currently covering the company, MarketBeat reports. Five research analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average 12-month target price among analysts that have covered the stock in the last year is $42.33.
A number of brokerages have recently issued reports on KFRC. BidaskClub lowered Kforce from a “strong-buy” rating to a “buy” rating in a research report on Thursday, February 28th. Zacks Investment Research downgraded Kforce from a “buy” rating to a “hold” rating in a report on Wednesday, March 6th. Finally, ValuEngine upgraded Kforce from a “hold” rating to a “buy” rating in a report on Thursday, May 23rd.
In other news, CFO David M. Kelly sold 10,000 shares of Kforce stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $35.80, for a total transaction of $358,000.00. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Gordon Tunstall sold 3,000 shares of Kforce stock in a transaction on Monday, May 20th. The shares were sold at an average price of $34.98, for a total value of $104,940.00. The disclosure for this sale can be found here. Insiders have sold 29,500 shares of company stock worth $1,051,990 in the last quarter. 11.80% of the stock is currently owned by corporate insiders.
Hedge funds and other institutional investors have recently modified their holdings of the business. Meeder Asset Management Inc. grew its stake in Kforce by 143.3% in the first quarter. Meeder Asset Management Inc. now owns 2,506 shares of the business services provider’s stock valued at $88,000 after purchasing an additional 1,476 shares in the last quarter. PNC Financial Services Group Inc. grew its stake in Kforce by 12.2% in the fourth quarter. PNC Financial Services Group Inc. now owns 3,654 shares of the business services provider’s stock valued at $113,000 after purchasing an additional 396 shares in the last quarter. Legal & General Group Plc grew its stake in Kforce by 19.6% in the fourth quarter. Legal & General Group Plc now owns 4,301 shares of the business services provider’s stock valued at $133,000 after purchasing an additional 706 shares in the last quarter. United Services Automobile Association grew its stake in Kforce by 11.4% in the fourth quarter. United Services Automobile Association now owns 6,601 shares of the business services provider’s stock valued at $204,000 after purchasing an additional 676 shares in the last quarter. Finally, Qtron Investments LLC purchased a new position in Kforce in the first quarter valued at about $215,000. Hedge funds and other institutional investors own 82.67% of the company’s stock.
Shares of Kforce stock traded down $0.36 on Friday, reaching $34.65. 3,315 shares of the company were exchanged, compared to its average volume of 131,506. The business has a fifty day simple moving average of $35.65. The stock has a market cap of $890.23 million, a price-to-earnings ratio of 15.03 and a beta of 1.28. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.43 and a quick ratio of 2.43. Kforce has a fifty-two week low of $27.95 and a fifty-two week high of $43.51.
Kforce (NASDAQ:KFRC) last announced its earnings results on Wednesday, May 1st. The business services provider reported $0.38 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.02). The company had revenue of $326.70 million for the quarter, compared to analyst estimates of $329.80 million. Kforce had a return on equity of 35.26% and a net margin of 5.41%. The firm’s revenue for the quarter was up 2.9% on a year-over-year basis. During the same period last year, the firm earned $0.37 earnings per share. As a group, research analysts anticipate that Kforce will post 2.4 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Friday, June 21st. Stockholders of record on Friday, June 7th were issued a dividend of $0.18 per share. The ex-dividend date was Thursday, June 6th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 2.08%. Kforce’s dividend payout ratio is 31.30%.
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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