Insider Selling: Kforce Inc. (KFRC) Director Sells 1,500 Shares of Stock

Kforce Inc. (NASDAQ:KFRC) Director Ralph Struzziero sold 1,500 shares of the firm’s stock in a transaction that occurred on Monday, December 18th. The shares were sold at an average price of $26.55, for a total transaction of $39,825.00. Following the transaction, the director now directly owns 47,264 shares of the company’s stock, valued at approximately $1,254,859.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Ralph Struzziero also recently made the following trade(s):

  • On Monday, January 8th, Ralph Struzziero sold 1,229 shares of Kforce stock. The shares were sold at an average price of $27.05, for a total transaction of $33,244.45.
  • On Friday, December 15th, Ralph Struzziero sold 2,000 shares of Kforce stock. The shares were sold at an average price of $25.55, for a total transaction of $51,100.00.
  • On Tuesday, December 5th, Ralph Struzziero sold 4,500 shares of Kforce stock. The shares were sold at an average price of $25.85, for a total transaction of $116,325.00.

Kforce Inc. (NASDAQ:KFRC) traded down $0.25 during trading hours on Friday, reaching $26.65. 56,576 shares of the company’s stock were exchanged, compared to its average volume of 95,943. The company has a debt-to-equity ratio of 0.91, a quick ratio of 2.95 and a current ratio of 2.95. Kforce Inc. has a fifty-two week low of $16.75 and a fifty-two week high of $27.30. The company has a market cap of $711.97, a P/E ratio of 18.64 and a beta of 1.68.

Kforce (NASDAQ:KFRC) last posted its earnings results on Tuesday, October 31st. The business services provider reported $0.45 EPS for the quarter, hitting analysts’ consensus estimates of $0.45. Kforce had a net margin of 2.71% and a return on equity of 28.83%. The business had revenue of $341.05 million during the quarter, compared to the consensus estimate of $340.67 million. During the same quarter in the previous year, the firm posted $0.44 EPS. The firm’s revenue was up .2% on a year-over-year basis. equities analysts predict that Kforce Inc. will post 1.5 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Friday, December 22nd. Shareholders of record on Friday, December 8th were given a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 1.80%. The ex-dividend date was Thursday, December 7th. Kforce’s dividend payout ratio (DPR) is presently 33.57%.

A number of equities analysts have weighed in on KFRC shares. TheStreet raised shares of Kforce from a “c+” rating to a “b” rating in a research note on Monday, October 2nd. Zacks Investment Research raised shares of Kforce from a “hold” rating to a “buy” rating and set a $28.00 price target for the company in a research report on Wednesday, January 3rd. BidaskClub downgraded shares of Kforce from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, December 27th. Northcoast Research raised shares of Kforce from a “neutral” rating to a “buy” rating in a research report on Monday, November 6th. Finally, Robert W. Baird reissued a “buy” rating and set a $25.00 price target on shares of Kforce in a research report on Friday, November 3rd. Five investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $24.83.

A number of large investors have recently bought and sold shares of KFRC. BNP Paribas Arbitrage SA grew its position in Kforce by 612.0% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 5,340 shares of the business services provider’s stock worth $105,000 after purchasing an additional 4,590 shares during the period. FNY Managed Accounts LLC grew its position in Kforce by 117.8% in the 2nd quarter. FNY Managed Accounts LLC now owns 5,445 shares of the business services provider’s stock worth $106,000 after purchasing an additional 2,945 shares during the period. Campbell & CO Investment Adviser LLC bought a new stake in Kforce in the 3rd quarter worth approximately $213,000. Aperio Group LLC bought a new stake in Kforce in the 3rd quarter worth approximately $216,000. Finally, AXA bought a new stake in Kforce in the 2nd quarter worth approximately $261,000. 78.77% of the stock is owned by institutional investors and hedge funds.

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About Kforce

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.

Insider Buying and Selling by Quarter for Kforce (NASDAQ:KFRC)

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