Insider Selling: Kforce, Inc. (KFRC) Director Sells $15,678.00 in Stock

Kforce, Inc. (NASDAQ:KFRC) Director John Allred sold 600 shares of the business’s stock in a transaction dated Monday, December 11th. The stock was sold at an average price of $26.13, for a total transaction of $15,678.00. The transaction was disclosed in a filing with the SEC, which is available through this link.

John Allred also recently made the following trade(s):

  • On Wednesday, December 13th, John Allred sold 3,100 shares of Kforce stock. The stock was sold at an average price of $26.19, for a total transaction of $81,189.00.

Shares of Kforce, Inc. (KFRC) traded down $0.20 during trading on Friday, reaching $25.35. 92,300 shares of the company’s stock traded hands, compared to its average volume of 126,376. The company has a debt-to-equity ratio of 0.91, a current ratio of 2.95 and a quick ratio of 2.95. The stock has a market capitalization of $676.24, a PE ratio of 17.26 and a beta of 1.67. Kforce, Inc. has a twelve month low of $16.75 and a twelve month high of $26.95.

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, hitting the consensus estimate of $0.45. The business had revenue of $341.05 million during the quarter, compared to analysts’ expectations of $340.67 million. Kforce had a net margin of 2.71% and a return on equity of 28.83%. The business’s revenue for the quarter was up .2% compared to the same quarter last year. During the same period in the previous year, the company earned $0.44 earnings per share. research analysts forecast that Kforce, Inc. will post 1.5 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, December 22nd. Shareholders of record on Friday, December 8th will be issued a $0.12 dividend. The ex-dividend date of this dividend is Thursday, December 7th. This represents a $0.48 annualized dividend and a yield of 1.89%. Kforce’s dividend payout ratio (DPR) is presently 33.57%.

A number of institutional investors have recently modified their holdings of KFRC. BNP Paribas Arbitrage SA raised its holdings in shares of Kforce by 612.0% during the second 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 last quarter. FNY Managed Accounts LLC raised its holdings in shares of Kforce by 117.8% during the second 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 last quarter. Campbell & CO Investment Adviser LLC purchased a new position in shares of Kforce during the third quarter valued at approximately $213,000. Aperio Group LLC purchased a new position in shares of Kforce during the third quarter valued at approximately $216,000. Finally, AXA purchased a new position in shares of Kforce during the second quarter valued at approximately $261,000. 79.05% of the stock is owned by institutional investors and hedge funds.

Several equities research analysts recently commented on KFRC shares. ValuEngine lowered shares of Kforce from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. Robert W. Baird reissued a “buy” rating and set a $20.00 price objective on shares of Kforce in a research note on Tuesday, September 12th. Zacks Investment Research raised shares of Kforce from a “sell” rating to a “hold” rating in a research note on Wednesday, October 4th. TheStreet raised shares of Kforce from a “c+” rating to a “b” rating in a research note on Monday, October 2nd. Finally, SunTrust Banks lowered shares of Kforce from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $23.00 to $22.00 in a research note on Wednesday, October 11th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and five have given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $24.20.

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About Kforce

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.

Insider Buying and Selling by Quarter for Kforce (NASDAQ:KFRC)

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