Kforce (NASDAQ:KFRC) Director Sells $29,550.00 in Stock

Kforce Inc. (NASDAQ:KFRC – Get Free Report) Director David Dunkel sold 500 shares of the firm’s stock in a transaction dated Wednesday, November 4th. The stock was sold at an average price of $59.10, for a total value of $29,550.00. Following the completion of the transaction, the director owned 503,329 shares of the company’s stock, valued at approximately $29,746,743.90. This represents a 0.10% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Kforce Price Performance

NASDAQ KFRC traded down $2.40 during trading hours on Thursday, hitting $55.89. The company had a trading volume of 206,399 shares, compared to its average volume of 251,166. The company has a debt-to-equity ratio of 0.16, a quick ratio of 2.06 and a current ratio of 2.06. The firm has a market capitalization of $1.00 billion, a price-to-earnings ratio of 20.85 and a beta of 0.87. Kforce Inc. has a 52 week low of $25.07 and a 52 week high of $61.75. The firm has a 50 day simple moving average of $53.42 and a 200 day simple moving average of $44.25.

Kforce Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, December 18th. Stockholders of record on Friday, December 4th will be issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date of this dividend is Friday, December 4th. Kforce’s dividend payout ratio is presently 66.95%.

Wall Street Analyst Weigh In

Several equities analysts recently commented on KFRC shares. Truist Financial boosted their price objective on shares of Kforce from $38.00 to $60.00 and gave the company a “hold” rating in a research note on Wednesday, July 22nd. UBS Group increased their target price on shares of Kforce from $59.00 to $63.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 27th. Finally, Robert W. Baird increased their target price on shares of Kforce from $63.00 to $66.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 27th. Two equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $63.00.

Check Out Our Latest Research Report on Kforce

Hedge Funds Weigh In On Kforce

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Abacus Wealth Partners LLC increased its stake in Kforce by 10.4% in the 3rd quarter. Abacus Wealth Partners LLC now owns 11,223 shares of the business services provider’s stock worth $589,000 after acquiring an additional 1,054 shares during the last quarter. CenterBook Partners LP purchased a new stake in shares of Kforce in the 3rd quarter valued at about $233,000. Heritage Family Offices LLP bought a new stake in shares of Kforce during the 3rd quarter valued at about $34,000. Chicago Partners Investment Group LLC bought a new stake in shares of Kforce during the 3rd quarter valued at about $202,000. Finally, Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of Kforce during the 3rd quarter valued at about $70,000. 92.77% of the stock is currently owned by hedge funds and other institutional investors.

Kforce Company Profile

(Get Free Report)

Kforce Inc is a professional staffing and business solutions firm that connects organizations with skilled workers and provides services designed to support workforce and project needs. The company primarily operates through its Technology and Finance & Accounting segments.

Kforce Technology provides staffing, consulting, and project-based solutions for areas such as application development, data management, cloud computing, cybersecurity, and other information technology functions.

Further Reading

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