Kforce (NASDAQ:KFRC) Price Target Lowered to $50.00 at Truist Financial

Kforce (NASDAQ:KFRC) had its target price reduced by equities research analysts at Truist Financial from $58.00 to $50.00 in a report issued on Tuesday,Benzinga reports. The firm currently has a “hold” rating on the business services provider’s stock. Truist Financial’s price objective suggests a potential upside of 11.02% from the stock’s previous close.

Kforce Stock Down 2.8 %

Shares of KFRC stock traded down $1.28 during trading on Tuesday, reaching $45.04. The company’s stock had a trading volume of 8,891 shares, compared to its average volume of 119,037. Kforce has a 1-year low of $42.11 and a 1-year high of $71.48. The stock’s 50-day moving average price is $49.03 and its 200 day moving average price is $54.54. The company has a market capitalization of $860.66 million, a price-to-earnings ratio of 16.80 and a beta of 0.76. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.06 and a quick ratio of 2.06.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. Harbor Capital Advisors Inc. boosted its stake in shares of Kforce by 10.6% in the 4th quarter. Harbor Capital Advisors Inc. now owns 9,307 shares of the business services provider’s stock valued at $528,000 after buying an additional 889 shares during the period. Barclays PLC raised its holdings in shares of Kforce by 171.9% in the 3rd quarter. Barclays PLC now owns 42,166 shares of the business services provider’s stock valued at $2,591,000 after purchasing an additional 26,657 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of Kforce by 4.0% during the 3rd quarter. Geode Capital Management LLC now owns 480,479 shares of the business services provider’s stock worth $29,530,000 after purchasing an additional 18,386 shares during the last quarter. Blue Trust Inc. grew its stake in shares of Kforce by 17.9% during the fourth quarter. Blue Trust Inc. now owns 1,810 shares of the business services provider’s stock worth $111,000 after purchasing an additional 275 shares in the last quarter. Finally, Heritage Family Offices LLP purchased a new position in Kforce in the fourth quarter valued at $258,000. 92.77% of the stock is owned by institutional investors and hedge funds.

About Kforce

Kforce Inc provides professional staffing services and solutions in the United States. It operates through two segments, Technology, and Finance and Accounting (FA). The Technology segment provides talent solutions to its clients primarily in the areas of information technology, such as systems/applications architecture and development, data management and analytics, business and artificial intelligence, machine learning, project and program management, and network architecture and security.