BidaskClub upgraded shares of Kforce (NASDAQ:KFRC) from a buy rating to a strong-buy rating in a report issued on Tuesday.
KFRC has been the subject of a number of other reports. ValuEngine raised Kforce from a hold rating to a buy rating in a research note on Friday, October 27th. Zacks Investment Research lowered Kforce from a hold rating to a sell rating in a research note on Saturday, October 28th. Robert W. Baird restated a buy rating and set a $25.00 price objective on shares of Kforce in a research report on Friday, November 3rd. TheStreet upgraded Kforce from a c+ rating to a b rating in a research report on Monday, October 2nd. Finally, Northcoast Research upgraded Kforce from a neutral rating to a buy rating in a research report on Monday, November 6th. Five research analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. The stock has an average rating of Buy and a consensus target price of $24.83.
Shares of Kforce (NASDAQ KFRC) traded down $0.25 during trading on Tuesday, reaching $26.65. The company had a trading volume of 56,576 shares, compared to its average volume of 95,943. Kforce has a 52 week low of $16.75 and a 52 week high of $27.30. The company has a market capitalization of $711.97, a price-to-earnings ratio of 18.64 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 quarterly earnings results on Tuesday, October 31st. The business services provider reported $0.45 EPS for the quarter, meeting analysts’ consensus estimates of $0.45. Kforce had a return on equity of 28.83% and a net margin of 2.71%. The company had revenue of $341.05 million during the quarter, compared to analyst estimates of $340.67 million. During the same period in the prior year, the company earned $0.44 earnings per share. The firm’s revenue was up .2% on a year-over-year basis. sell-side analysts predict that Kforce will post 1.5 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, December 22nd. Shareholders of record on Friday, December 8th were given a dividend of $0.12 per share. The ex-dividend date was Thursday, December 7th. This represents a $0.48 dividend on an annualized basis and a yield of 1.80%. Kforce’s dividend payout ratio (DPR) is presently 33.57%.
In other Kforce news, Director Ralph Struzziero sold 1,229 shares of the company’s stock in a transaction that occurred on Monday, January 8th. The stock was 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 $1,245,246.75. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, President Joseph J. Liberatore sold 21,380 shares of the company’s stock in a transaction that occurred on Tuesday, January 9th. The shares were sold at an average price of $27.15, for a total value of $580,467.00. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 105,137 shares of company stock worth $2,686,362. Company insiders own 13.30% of the company’s stock.
Several hedge funds and other institutional investors have recently modified their holdings of the company. Vanguard Group Inc. raised its holdings in shares of Kforce by 1.7% in the second quarter. Vanguard Group Inc. now owns 2,067,198 shares of the business services provider’s stock worth $40,517,000 after buying an additional 33,998 shares during the period. Dimensional Fund Advisors LP raised its holdings in shares of Kforce by 4.4% in the second quarter. Dimensional Fund Advisors LP now owns 1,435,611 shares of the business services provider’s stock worth $28,138,000 after buying an additional 60,783 shares during the period. Macquarie Group Ltd. raised its holdings in shares of Kforce by 22.2% in the third quarter. Macquarie Group Ltd. now owns 1,387,703 shares of the business services provider’s stock worth $28,032,000 after buying an additional 251,643 shares during the period. Investment Counselors of Maryland LLC raised its holdings in shares of Kforce by 6.5% in the third quarter. Investment Counselors of Maryland LLC now owns 1,070,029 shares of the business services provider’s stock worth $21,615,000 after buying an additional 65,258 shares during the period. Finally, Deprince Race & Zollo Inc. raised its holdings in shares of Kforce by 4.4% in the third quarter. Deprince Race & Zollo Inc. now owns 747,427 shares of the business services provider’s stock worth $15,098,000 after buying an additional 31,768 shares during the period. Hedge funds and other institutional investors own 78.77% of the company’s stock.
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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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