Insider Selling: Kforce (KFRC) CEO Sells $248,472.00 in Stock

Kforce (NASDAQ:KFRC) CEO David L. Dunkel sold 8,400 shares of Kforce stock in a transaction dated Wednesday, April 18th. The stock was sold at an average price of $29.58, for a total value of $248,472.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

NASDAQ:KFRC opened at $28.40 on Monday. The company has a debt-to-equity ratio of 0.89, a current ratio of 2.93 and a quick ratio of 2.93. Kforce has a one year low of $16.75 and a one year high of $29.70. The stock has a market capitalization of $745.81, a P/E ratio of 18.09 and a beta of 1.53.

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Kforce (NASDAQ:KFRC) last issued its earnings results on Tuesday, February 6th. The business services provider reported $0.45 EPS for the quarter, beating the Zacks’ consensus estimate of $0.43 by $0.02. Kforce had a return on equity of 29.84% and a net margin of 2.45%. The company had revenue of $342.60 million during the quarter, compared to the consensus estimate of $340.02 million. During the same period in the previous year, the firm posted $0.36 earnings per share. Kforce’s quarterly revenue was up 5.1% compared to the same quarter last year. analysts predict that Kforce will post 2.13 EPS for the current year.

A number of hedge funds have recently modified their holdings of KFRC. Ramsey Quantitative Systems acquired a new position in Kforce in the fourth quarter valued at approximately $111,000. Advisor Group Inc. boosted its stake in Kforce by 91.2% in the fourth quarter. Advisor Group Inc. now owns 4,660 shares of the business services provider’s stock valued at $118,000 after acquiring an additional 2,223 shares during the period. Teacher Retirement System of Texas acquired a new position in Kforce in the fourth quarter valued at approximately $209,000. FDx Advisors Inc. acquired a new position in Kforce in the fourth quarter valued at approximately $218,000. Finally, Eqis Capital Management Inc. acquired a new position in Kforce in the fourth quarter valued at approximately $259,000. Institutional investors own 79.57% of the company’s stock.

A number of research firms recently commented on KFRC. BidaskClub upgraded Kforce from a “hold” rating to a “buy” rating in a research note on Friday. Zacks Investment Research downgraded Kforce from a “buy” rating to a “hold” rating in a research note on Wednesday, April 11th. ValuEngine downgraded Kforce from a “buy” rating to a “hold” rating in a research note on Monday, April 2nd. Finally, Robert W. Baird lifted their price target on Kforce from $25.00 to $28.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 7th. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $26.80.

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About Kforce

Kforce Inc provides professional staffing services and solutions in the United States and internationally. It operates through Technology (Tech), Finance and Accounting (FA), and Government Solutions (GS) segments. The Tech segment provides temporary staffing and permanent placement services to its clients primarily in the areas of information technology, such as systems/applications architecture and development, project management, enterprise data management, business intelligence, artificial intelligence, machine learning, network architecture, and security.

Insider Buying and Selling by Quarter for Kforce (NASDAQ:KFRC)

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