Kforce, Inc. (NASDAQ:KFRC) insider Kye L. Mitchell sold 2,550 shares of Kforce stock in a transaction dated Tuesday, November 14th. The shares were sold at an average price of $24.35, for a total value of $62,092.50. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
Kye L. Mitchell also recently made the following trade(s):
- On Thursday, September 7th, Kye L. Mitchell sold 5,000 shares of Kforce stock. The shares were sold at an average price of $17.99, for a total value of $89,950.00.
Shares of Kforce, Inc. (KFRC) traded up $0.30 on Friday, reaching $25.50. The company had a trading volume of 107,373 shares, compared to its average volume of 112,984. The company has a market cap of $674.92, a P/E ratio of 16.62 and a beta of 1.56. Kforce, Inc. has a 52 week low of $16.75 and a 52 week high of $26.95. The company has a debt-to-equity ratio of 0.91, a current ratio of 2.95 and a quick ratio of 2.95.
Kforce (NASDAQ:KFRC) last issued its earnings results on Tuesday, October 31st. The business services provider reported $0.45 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.45. The company had revenue of $341.05 million for the quarter, compared to the consensus estimate of $340.67 million. Kforce had a return on equity of 28.83% and a net margin of 2.71%. The firm’s quarterly revenue was up .2% on a year-over-year basis. During the same quarter last year, the company earned $0.44 EPS. equities research analysts predict that Kforce, Inc. will post 1.5 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 22nd. Investors of record on Friday, December 8th will be paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 1.88%. The ex-dividend date of this dividend is Thursday, December 7th. Kforce’s dividend payout ratio (DPR) is presently 33.80%.
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A number of research firms have recently weighed in on KFRC. Robert W. Baird reaffirmed a “buy” rating and set a $25.00 price objective on shares of Kforce in a research report on Friday, November 3rd. Northcoast Research raised Kforce from a “neutral” rating to a “buy” rating in a research report on Monday, November 6th. Deutsche Bank AG lowered their price objective on Kforce from $25.00 to $22.00 and set a “hold” rating on the stock in a research report on Wednesday, August 2nd. Zacks Investment Research raised Kforce from a “sell” rating to a “hold” rating in a research report on Wednesday, October 4th. Finally, ValuEngine raised Kforce from a “hold” rating to a “buy” rating in a research report on Friday, October 27th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and five have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $24.20.
Institutional investors and hedge funds have recently modified their holdings of the stock. BNP Paribas Arbitrage SA raised its stake in Kforce by 612.0% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 5,340 shares of the business services provider’s stock valued at $105,000 after purchasing an additional 4,590 shares during the period. FNY Managed Accounts LLC raised its stake in Kforce by 117.8% during the 2nd quarter. FNY Managed Accounts LLC now owns 5,445 shares of the business services provider’s stock valued at $106,000 after purchasing an additional 2,945 shares during the period. Campbell & CO Investment Adviser LLC bought a new stake in Kforce during the 3rd quarter valued at approximately $213,000. Aperio Group LLC bought a new stake in Kforce during the 3rd quarter valued at approximately $216,000. Finally, Dubuque Bank & Trust Co. raised its stake in Kforce by 22.7% during the 2nd quarter. Dubuque Bank & Trust Co. now owns 11,665 shares of the business services provider’s stock valued at $229,000 after purchasing an additional 2,158 shares during the period. 79.23% of the stock is currently owned by institutional investors.
Kforce Company Profile
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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