Kforce Inc. (NASDAQ:KFRC) COO Kye L. Mitchell sold 15,907 shares of the firm’s stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $24.65, for a total transaction of $392,107.55. The transaction was disclosed in a filing with the SEC, which is available through this link.
Shares of Kforce Inc. (NASDAQ KFRC) opened at $27.85 on Friday. Kforce Inc. has a 1-year low of $16.75 and a 1-year high of $28.40. The company has a current ratio of 2.95, a quick ratio of 2.95 and a debt-to-equity ratio of 0.91. The stock has a market cap of $737.11, a PE ratio of 17.74 and a beta of 1.73.
Kforce (NASDAQ:KFRC) last posted its quarterly earnings data on Tuesday, February 6th. The business services provider reported $0.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.43 by $0.02. Kforce had a net margin of 2.45% and a return on equity of 29.84%. The business had revenue of $342.60 million during the quarter, compared to the consensus estimate of $340.02 million. During the same quarter last year, the company posted $0.36 earnings per share. The firm’s quarterly revenue was up 5.1% compared to the same quarter last year. analysts forecast that Kforce Inc. will post 2.13 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 23rd. Investors of record on Friday, March 9th will be issued a dividend of $0.12 per share. The ex-dividend date is Thursday, March 8th. This represents a $0.48 dividend on an annualized basis and a yield of 1.72%. Kforce’s dividend payout ratio (DPR) is presently 36.64%.
A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. increased its holdings in Kforce by 1.7% during the second quarter. Vanguard Group Inc. now owns 2,067,198 shares of the business services provider’s stock worth $40,517,000 after buying an additional 33,998 shares during the last quarter. Macquarie Group Ltd. increased its holdings in Kforce by 11.6% during the fourth quarter. Macquarie Group Ltd. now owns 1,549,201 shares of the business services provider’s stock worth $39,117,000 after buying an additional 161,498 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings 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 worth $28,138,000 after buying an additional 60,783 shares during the last quarter. Investment Counselors of Maryland LLC increased its holdings 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 worth $21,615,000 after buying an additional 65,258 shares during the last quarter. Finally, Deprince Race & Zollo Inc. increased its holdings 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 worth $15,098,000 after buying an additional 31,768 shares during the last quarter. Institutional investors and hedge funds own 78.11% of the company’s stock.
A number of research analysts recently weighed in on the stock. ValuEngine raised shares of Kforce from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. Robert W. Baird raised their price target on shares of Kforce from $25.00 to $28.00 and gave the company an “outperform” rating in a research report on Wednesday, February 7th. Northcoast Research reissued a “buy” rating and set a $33.00 price target on shares of Kforce in a research report on Wednesday, February 7th. Zacks Investment Research lowered shares of Kforce from a “buy” rating to a “hold” rating in a research report on Tuesday, January 9th. Finally, BidaskClub lowered shares of Kforce from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, January 16th. Four investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $26.50.
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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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