Kforce Inc. (NASDAQ:KFRC) Director Ralph Struzziero sold 1,229 shares of the company’s stock in a transaction 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 completion of the transaction, the director now directly owns 46,035 shares of the company’s stock, valued at $1,245,246.75. The sale was disclosed in a filing with the SEC, which is available at the SEC website.
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.
Shares of Kforce Inc. (NASDAQ KFRC) opened at $25.95 on Thursday. The company has a current ratio of 2.95, a quick ratio of 2.95 and a debt-to-equity ratio of 0.91. The company has a market cap of $677.56, a PE ratio of 18.15 and a beta of 1.68. Kforce Inc. has a 52-week low of $16.75 and a 52-week high of $27.30.
Kforce (NASDAQ:KFRC) last posted its earnings results on Tuesday, October 31st. The business services provider reported $0.45 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 during the quarter, compared to the consensus estimate of $340.67 million. During the same period in the previous year, the firm posted $0.44 earnings per share. The firm’s revenue for the quarter was up .2% on a year-over-year basis. research analysts anticipate that Kforce Inc. will post 1.5 EPS for the current year.
Several brokerages have recently commented on KFRC. Robert W. Baird reaffirmed a “buy” rating and set a $25.00 target price on shares of Kforce in a report on Friday, November 3rd. Zacks Investment Research raised shares of Kforce from a “sell” rating to a “hold” rating in a research note on Wednesday, October 4th. BidaskClub cut shares of Kforce from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, January 16th. Northcoast Research raised shares of Kforce from a “neutral” rating to a “buy” rating in a research note on Monday, November 6th. Finally, ValuEngine upgraded shares of Kforce from a “hold” rating to a “buy” rating in a research report on Friday, October 27th. Five investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $24.83.
A number of institutional investors have recently added to or reduced their stakes in KFRC. BNP Paribas Arbitrage SA boosted its holdings in Kforce by 612.0% during the second quarter. BNP Paribas Arbitrage SA now owns 5,340 shares of the business services provider’s stock worth $105,000 after purchasing an additional 4,590 shares during the last quarter. FNY Managed Accounts LLC boosted its holdings in Kforce by 117.8% during the second quarter. FNY Managed Accounts LLC now owns 5,445 shares of the business services provider’s stock worth $106,000 after purchasing an additional 2,945 shares during the last quarter. Campbell & CO Investment Adviser LLC purchased a new position in Kforce during the third quarter worth about $213,000. Aperio Group LLC purchased a new position in Kforce during the third quarter worth about $216,000. Finally, Eqis Capital Management Inc. purchased a new position in Kforce during the fourth quarter worth about $259,000. Institutional investors and hedge funds own 78.93% 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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