Kforce Inc. (NASDAQ:KFRC) Director Ralph Struzziero sold 1,229 shares of the company’s stock in a transaction on Monday, January 8th. The shares were sold at an average price of $27.05, for a total transaction of $33,244.45. Following the sale, the director now directly owns 46,035 shares in the company, valued at approximately $1,245,246.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Ralph Struzziero also recently made the following trade(s):
- On Monday, December 18th, Ralph Struzziero sold 1,500 shares of Kforce stock. The shares were sold at an average price of $26.55, for a total transaction of $39,825.00.
- On Friday, December 15th, Ralph Struzziero sold 2,000 shares of Kforce stock. The shares were sold at an average price of $25.55, for a total transaction of $51,100.00.
- On Tuesday, December 5th, Ralph Struzziero sold 4,500 shares of Kforce stock. The shares were sold at an average price of $25.85, for a total transaction of $116,325.00.
Kforce Inc. (NASDAQ:KFRC) remained flat at $$26.85 during trading on Tuesday. 117,659 shares of the company’s stock were exchanged, compared to its average volume of 108,233. Kforce Inc. has a 52 week low of $16.75 and a 52 week high of $27.30. The stock has a market cap of $710.65, a price-to-earnings ratio of 18.91 and a beta of 1.68. The company has a debt-to-equity ratio of 0.91, a quick ratio of 2.95 and a current ratio of 2.95.
Kforce (NASDAQ:KFRC) last announced 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. Kforce had a net margin of 2.71% and a return on equity of 28.83%. The company had revenue of $341.05 million for the quarter, compared to analysts’ expectations of $340.67 million. During the same quarter in the previous year, the company posted $0.44 EPS. The firm’s quarterly revenue was up .2% on a year-over-year basis. sell-side analysts anticipate that Kforce Inc. will post 1.5 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Friday, December 22nd. Shareholders of record on Friday, December 8th were paid a dividend of $0.12 per share. The ex-dividend date of this dividend was Thursday, December 7th. This represents a $0.48 annualized dividend and a yield of 1.79%. Kforce’s dividend payout ratio (DPR) is presently 33.80%.
Institutional investors and hedge funds have recently made changes to their positions in the business. Schwab Charles Investment Management Inc. boosted its stake in Kforce by 6.1% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 234,369 shares of the business services provider’s stock worth $4,594,000 after purchasing an additional 13,533 shares during the last quarter. AJO LP acquired a new stake in Kforce during the 2nd quarter worth $1,828,000. IndexIQ Advisors LLC boosted its stake in Kforce by 83.2% during the 3rd quarter. IndexIQ Advisors LLC now owns 36,495 shares of the business services provider’s stock worth $737,000 after purchasing an additional 16,569 shares during the last quarter. Wells Fargo & Company MN boosted its stake in Kforce by 13.1% during the 2nd quarter. Wells Fargo & Company MN now owns 57,251 shares of the business services provider’s stock worth $1,122,000 after purchasing an additional 6,632 shares during the last quarter. Finally, LSV Asset Management boosted its stake in Kforce by 73.7% during the 2nd quarter. LSV Asset Management now owns 344,933 shares of the business services provider’s stock worth $6,760,000 after purchasing an additional 146,400 shares during the last quarter. 78.77% of the stock is currently owned by institutional investors.
Several equities research analysts have recently weighed in on KFRC shares. BidaskClub raised shares of Kforce from a “buy” rating to a “strong-buy” rating in a research note on Tuesday. Zacks Investment Research downgraded shares of Kforce from a “buy” rating to a “hold” rating in a research note on Tuesday. Northcoast Research raised shares of Kforce from a “neutral” rating to a “buy” rating in a research note on Monday, November 6th. Robert W. Baird reissued a “buy” rating and issued a $25.00 target price on shares of Kforce in a research note on Friday, November 3rd. Finally, ValuEngine raised shares of Kforce from a “hold” rating to a “buy” rating in a research note on Friday, October 27th. Five equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $24.83.
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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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