Kforce (NASDAQ:KFRC) Stock: Insider David Dunkel Sells 500 Shares

Kforce Inc. (NASDAQ:KFRC) Director David Dunkel sold 500 shares of the firm’s stock in a transaction that occurred on Wednesday, November 4th. The stock was sold at an average price of $59.10, for a total transaction of $29,550.00. Following the sale, the director owned 503,329 shares in the company, valued at $29,746,743.90. This trade represents a 0.10% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

Kforce Stock Performance

Shares of Kforce stock opened at $54.17 on Friday. The firm has a market capitalization of $970.06 million, a price-to-earnings ratio of 20.21 and a beta of 0.87. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.06 and a quick ratio of 2.06. Kforce Inc. has a one year low of $25.07 and a one year high of $61.75. The business has a 50-day simple moving average of $53.33 and a 200 day simple moving average of $44.47.

Kforce Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, December 18th. Investors of record on Friday, December 4th will be given a dividend of $0.40 per share. The ex-dividend date of this dividend is Friday, December 4th. This represents a $1.60 dividend on an annualized basis and a yield of 3.0%. Kforce’s dividend payout ratio is presently 66.95%.

Institutional Trading of Kforce

Several institutional investors have recently made changes to their positions in KFRC. Private Advisory Group LLC purchased a new position in shares of Kforce during the 3rd quarter worth approximately $677,000. Abacus Wealth Partners LLC lifted its stake in shares of Kforce by 10.4% in the third quarter. Abacus Wealth Partners LLC now owns 11,223 shares of the business services provider’s stock valued at $589,000 after buying an additional 1,054 shares during the period. CenterBook Partners LP acquired a new stake in Kforce in the 3rd quarter valued at about $233,000. Heritage Family Offices LLP bought a new position in Kforce during the third quarter worth about $34,000. Finally, Chicago Partners Investment Group LLC acquired a new stake in shares of Kforce in the third quarter valued at about $202,000. Hedge funds and other institutional investors own 92.77% of the company’s stock.

Analysts Set New Price Targets

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

About Kforce

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.