Kforce Inc. (NASDAQ:KFRC) insider Kye L. Mitchell sold 7,142 shares of Kforce stock in a transaction dated Monday, June 22nd. The shares were sold at an average price of $27.43, for a total transaction of $195,905.06. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Kforce stock opened at $27.52 on Friday. The company has a quick ratio of 2.95, a current ratio of 2.95 and a debt-to-equity ratio of 0.65. The firm has a 50-day moving average price of $29.95 and a two-hundred day moving average price of $32.60. The firm has a market capitalization of $621.49 million, a price-to-earnings ratio of 5.78 and a beta of 1.30. Kforce Inc. has a 52-week low of $20.60 and a 52-week high of $42.64.
Kforce (NASDAQ:KFRC) last posted its earnings results on Wednesday, May 6th. The business services provider reported $0.42 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.42. The firm had revenue of $335.21 million during the quarter, compared to analyst estimates of $335.00 million. Kforce had a net margin of 8.34% and a return on equity of 30.80%. Research analysts expect that Kforce Inc. will post 1.5 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Friday, June 19th. Stockholders of record on Friday, June 5th were paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.91%. The ex-dividend date of this dividend was Thursday, June 4th. Kforce’s dividend payout ratio is currently 34.04%.
Several research analysts have recently commented on KFRC shares. Robert W. Baird lifted their price target on shares of Kforce from $30.00 to $32.00 and gave the company an “outperform” rating in a report on Thursday, May 7th. Zacks Investment Research raised shares of Kforce from a “hold” rating to a “buy” rating and set a $33.00 price target for the company in a report on Wednesday, June 17th. William Blair lowered shares of Kforce from an “outperform” rating to a “market perform” rating in a report on Monday, March 23rd. Northcoast Research reissued a “neutral” rating on shares of Kforce in a research note on Thursday, May 7th. Finally, SunTrust Banks reduced their target price on shares of Kforce from $42.00 to $30.00 and set a “hold” rating for the company in a research note on Friday, April 3rd. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $32.00.
Several large investors have recently modified their holdings of the company. Advisor Group Holdings Inc. acquired a new stake in shares of Kforce in the 1st quarter worth approximately $141,000. Engineers Gate Manager LP lifted its stake in shares of Kforce by 60.7% in the 1st quarter. Engineers Gate Manager LP now owns 13,035 shares of the business services provider’s stock worth $333,000 after acquiring an additional 4,922 shares during the period. Invesco Ltd. lifted its stake in shares of Kforce by 24.0% in the 1st quarter. Invesco Ltd. now owns 82,522 shares of the business services provider’s stock worth $2,110,000 after acquiring an additional 15,991 shares during the period. Polaris Capital Management LLC lifted its stake in shares of Kforce by 13.5% in the 1st quarter. Polaris Capital Management LLC now owns 76,694 shares of the business services provider’s stock worth $1,961,000 after acquiring an additional 9,100 shares during the period. Finally, Two Sigma Advisers LP lifted its stake in shares of Kforce by 6.0% in the 1st quarter. Two Sigma Advisers LP now owns 49,410 shares of the business services provider’s stock worth $1,263,000 after acquiring an additional 2,800 shares during the period. 82.15% of the stock is owned by institutional investors.
Kforce Company Profile
Kforce Inc provides professional staffing services and solutions in the United States and internationally. It operates through Technology (Tech), Finance and Accounting (FA), and Government Solutions (GS) segments. The Tech segment provides temporary staffing and permanent placement services to its clients primarily in the areas of information technology, such as systems/applications architecture and development, project management, enterprise data management, business intelligence, artificial intelligence, machine learning, network architecture, and security.
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