Kforce Inc. (NASDAQ:KFRC) COO Kye L. Mitchell sold 15,907 shares of the company’s stock in a transaction on Monday, February 12th. The shares were sold at an average price of $24.65, for a total value of $392,107.55. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Kforce Inc. (NASDAQ KFRC) traded up $0.85 during mid-day trading on Thursday, hitting $27.30. The stock had a trading volume of 196,000 shares, compared to its average volume of 116,972. 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 company has a market cap of $700.06, a P/E ratio of 20.76 and a beta of 1.73. Kforce Inc. has a 12 month low of $16.75 and a 12 month high of $27.75.
Kforce (NASDAQ:KFRC) last posted its quarterly earnings results on Tuesday, February 6th. The business services provider reported $0.45 earnings per share for the quarter, topping the consensus estimate of $0.43 by $0.02. The company had revenue of $342.60 million during the quarter, compared to the consensus estimate of $340.02 million. Kforce had a return on equity of 29.84% and a net margin of 2.45%. The firm’s quarterly revenue was up 5.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.36 EPS. analysts predict that Kforce Inc. will post 2.13 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, March 23rd. Stockholders of record on Friday, March 9th will be paid a dividend of $0.12 per share. The ex-dividend date is Thursday, March 8th. This represents a $0.48 annualized dividend and a dividend yield of 1.76%. Kforce’s payout ratio is 36.64%.
Several hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. grew its stake in shares of Kforce by 1.7% during the 2nd quarter. Vanguard Group Inc. now owns 2,067,198 shares of the business services provider’s stock worth $40,517,000 after acquiring an additional 33,998 shares during the period. Macquarie Group Ltd. boosted its stake in Kforce by 11.6% in the 4th quarter. Macquarie Group Ltd. now owns 1,549,201 shares of the business services provider’s stock worth $39,117,000 after purchasing an additional 161,498 shares during the period. Dimensional Fund Advisors LP boosted its stake in Kforce by 4.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,435,611 shares of the business services provider’s stock worth $28,138,000 after purchasing an additional 60,783 shares during the period. Investment Counselors of Maryland LLC boosted its stake in Kforce by 6.5% in the 3rd quarter. Investment Counselors of Maryland LLC now owns 1,070,029 shares of the business services provider’s stock worth $21,615,000 after purchasing an additional 65,258 shares during the period. Finally, Deprince Race & Zollo Inc. boosted its stake in Kforce by 4.4% in the 3rd quarter. Deprince Race & Zollo Inc. now owns 747,427 shares of the business services provider’s stock worth $15,098,000 after purchasing an additional 31,768 shares during the period. Institutional investors own 78.11% of the company’s stock.
A number of research analysts have issued reports on KFRC shares. Zacks Investment Research upgraded Kforce from a “hold” rating to a “buy” rating and set a $29.00 price objective for the company in a research note on Saturday, February 3rd. ValuEngine upgraded Kforce from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. BidaskClub downgraded Kforce from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, January 16th. Northcoast Research upgraded Kforce from a “neutral” rating to a “buy” rating in a research note on Monday, November 6th. Finally, Robert W. Baird restated a “buy” rating and issued a $25.00 price objective on shares of Kforce in a research note on Friday, November 3rd. Four equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Kforce currently has an average rating of “Buy” and an average target price of $26.50.
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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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