BidaskClub upgraded shares of Kforce (NASDAQ:KFRC) from a buy rating to a strong-buy rating in a report issued on Tuesday.
KFRC has been the subject of a number of other research reports. Northcoast Research upgraded Kforce from a neutral rating to a buy rating in a report on Monday, November 6th. Zacks Investment Research upgraded Kforce from a sell rating to a hold rating in a report on Wednesday, October 4th. TheStreet upgraded Kforce from a c+ rating to a b rating in a report on Monday, October 2nd. SunTrust Banks cut Kforce from a buy rating to a hold rating and reduced their price objective for the stock from $23.00 to $22.00 in a report on Wednesday, October 11th. Finally, Robert W. Baird restated a buy rating and set a $25.00 price objective on shares of Kforce in a report on Friday, November 3rd. Five analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. Kforce currently has an average rating of Buy and an average price target of $24.83.
Kforce (KFRC) traded down $0.25 during trading on Tuesday, reaching $26.65. The company had a trading volume of 56,576 shares, compared to its average volume of 95,943. Kforce has a fifty-two week low of $16.75 and a fifty-two week high of $27.30. The company has a market capitalization of $711.97, a PE ratio of 18.64 and a beta of 1.68. The company has a debt-to-equity ratio of 0.91, a current ratio of 2.95 and a quick ratio of 2.95.
Kforce (NASDAQ:KFRC) last issued its quarterly earnings data on Tuesday, October 31st. The business services provider reported $0.45 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.45. Kforce had a return on equity of 28.83% and a net margin of 2.71%. The company had revenue of $341.05 million during the quarter, compared to analysts’ expectations of $340.67 million. During the same quarter in the previous year, the company posted $0.44 earnings per share. The business’s revenue was up .2% on a year-over-year basis. sell-side analysts anticipate that Kforce will post 1.5 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Friday, December 22nd. Investors of record on Friday, December 8th were paid a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 1.80%. The ex-dividend date of this dividend was Thursday, December 7th. Kforce’s dividend payout ratio (DPR) is currently 33.57%.
In related news, CFO David M. Kelly sold 15,000 shares of the business’s stock in a transaction that occurred on Monday, November 6th. The stock was sold at an average price of $24.05, for a total value of $360,750.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO David L. Dunkel sold 6,271 shares of the business’s stock in a transaction that occurred on Thursday, January 4th. The shares were sold at an average price of $27.00, for a total value of $169,317.00. The disclosure for this sale can be found here. Over the last quarter, insiders sold 105,137 shares of company stock valued at $2,686,362. 13.30% of the stock is currently owned by corporate insiders.
Several hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. boosted its stake in shares of Kforce by 1.7% in the second quarter. Vanguard Group Inc. now owns 2,067,198 shares of the business services provider’s stock valued at $40,517,000 after buying an additional 33,998 shares during the period. Dimensional Fund Advisors LP raised its position in Kforce by 4.4% during the second quarter. Dimensional Fund Advisors LP now owns 1,435,611 shares of the business services provider’s stock valued at $28,138,000 after purchasing an additional 60,783 shares in the last quarter. Macquarie Group Ltd. raised its position in Kforce by 22.2% during the third quarter. Macquarie Group Ltd. now owns 1,387,703 shares of the business services provider’s stock valued at $28,032,000 after purchasing an additional 251,643 shares in the last quarter. Investment Counselors of Maryland LLC raised its position in Kforce by 6.5% during the third quarter. Investment Counselors of Maryland LLC now owns 1,070,029 shares of the business services provider’s stock valued at $21,615,000 after purchasing an additional 65,258 shares in the last quarter. Finally, Deprince Race & Zollo Inc. raised its position in Kforce by 4.4% during the third quarter. Deprince Race & Zollo Inc. now owns 747,427 shares of the business services provider’s stock valued at $15,098,000 after purchasing an additional 31,768 shares in the last quarter. Institutional investors and hedge funds own 78.77% of the company’s stock.
Kforce Inc (Kforce) is engaged in providing professional and technical specialty staffing services and solutions. The Company operates through three segments, which include Technology (Tech), Finance and Accounting (FA) and Government Solutions (GS). The Company’s Tech segment includes the operations of its subsidiary Kforce Global Solutions, Inc The FA segment is engaged in providing both temporary staffing and permanent placement services to its clients in areas, such as general accounting, business analysis and others.
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