Kforce (NASDAQ:KFRC) Upgraded to Strong-Buy by BidaskClub

Kforce (NASDAQ:KFRC) was upgraded by investment analysts at BidaskClub from a “buy” rating to a “strong-buy” rating in a report released on Tuesday, January 9th.

Several other research firms have also issued reports on KFRC. Zacks Investment Research lowered shares of Kforce from a “buy” rating to a “hold” rating in a research report on Tuesday, January 9th. Robert W. Baird restated a “buy” rating and set a $20.00 price target on shares of Kforce in a research report on Tuesday, September 12th. SunTrust Banks lowered shares of Kforce from a “buy” rating to a “hold” rating and cut their price target for the company from $23.00 to $22.00 in a research report on Wednesday, October 11th. Northcoast Research upgraded shares of Kforce from a “neutral” rating to a “buy” rating in a report on Monday, November 6th. Finally, TheStreet upgraded shares of Kforce from a “c+” rating to a “b” rating in a report on Monday, October 2nd. Five investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Kforce presently has an average rating of “Buy” and a consensus price target of $24.83.

Kforce (NASDAQ:KFRC) traded up $0.55 on Tuesday, reaching $26.65. The company had a trading volume of 86,947 shares, compared to its average volume of 73,345. The company has a market capitalization of $690.80, a PE ratio of 18.64 and a beta of 1.68. The company has a current ratio of 2.95, a quick ratio of 2.95 and a debt-to-equity ratio of 0.91. Kforce has a 1-year low of $16.75 and a 1-year high of $27.30.

Kforce (NASDAQ:KFRC) last posted its quarterly 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. Kforce had a net margin of 2.71% and a return on equity of 28.83%. The business 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 business posted $0.44 earnings per share. The company’s revenue was up .2% on a year-over-year basis. equities research analysts predict that Kforce will post 1.5 EPS for the current year.

In other Kforce news, Director Ralph Struzziero sold 1,229 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, the director now owns 46,035 shares of the company’s stock, valued at $1,245,246.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, President Joseph J. Liberatore sold 21,380 shares of the firm’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 transaction of $580,467.00. The disclosure for this sale can be found here. Over the last three months, insiders sold 105,137 shares of company stock valued at $2,686,362. 13.30% of the stock is owned by insiders.

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. increased its stake in shares of Kforce by 1.7% during the second quarter. Vanguard Group Inc. now owns 2,067,198 shares of the business services provider’s stock valued at $40,517,000 after purchasing an additional 33,998 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Kforce by 4.4% during the second quarter. Dimensional Fund Advisors LP now owns 1,435,611 shares of the business services provider’s stock valued at $28,138,000 after purchasing an additional 60,783 shares in the last quarter. Macquarie Group Ltd. increased its stake in shares of Kforce by 22.2% during the third quarter. Macquarie Group Ltd. now owns 1,387,703 shares of the business services provider’s stock valued at $28,032,000 after purchasing an additional 251,643 shares in the last quarter. Investment Counselors of Maryland LLC increased its stake in shares of Kforce by 6.5% during the third quarter. Investment Counselors of Maryland LLC now owns 1,070,029 shares of the business services provider’s stock valued at $21,615,000 after purchasing an additional 65,258 shares in the last quarter. Finally, Deprince Race & Zollo Inc. increased its stake in shares of Kforce by 4.4% during the third quarter. Deprince Race & Zollo Inc. now owns 747,427 shares of the business services provider’s stock valued at $15,098,000 after purchasing an additional 31,768 shares in the last quarter. 78.77% of the stock is owned by institutional investors and hedge funds.

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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.

Analyst Recommendations for Kforce (NASDAQ:KFRC)

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