Kforce Inc. (NASDAQ:KFRC) – Stock analysts at William Blair reduced their FY2018 earnings estimates for shares of Kforce in a research note issued on Wednesday, October 31st. William Blair analyst T. Mchugh now expects that the business services provider will earn $2.21 per share for the year, down from their prior estimate of $2.22.
Kforce (NASDAQ:KFRC) last posted its quarterly earnings data on Wednesday, October 31st. The business services provider reported $0.64 EPS for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.02). The business had revenue of $355.45 million during the quarter, compared to analyst estimates of $356.89 million. Kforce had a return on equity of 36.45% and a net margin of 3.40%. Kforce’s revenue for the quarter was up 4.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.45 EPS.
Other equities analysts have also issued research reports about the company. BidaskClub lowered Kforce from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, September 12th. Zacks Investment Research raised Kforce from a “hold” rating to a “buy” rating and set a $47.00 price objective on the stock in a research note on Saturday, August 4th. Robert W. Baird reaffirmed a “buy” rating and set a $45.00 price target on shares of Kforce in a research note on Thursday, August 2nd. ValuEngine lowered Kforce from a “buy” rating to a “hold” rating in a research note on Thursday, November 1st. Finally, SunTrust Banks upped their price target on Kforce to $44.00 and gave the company a “hold” rating in a research note on Thursday, August 2nd. Five analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $41.40.
Kforce stock opened at $32.66 on Monday. The company has a current ratio of 2.66, a quick ratio of 2.66 and a debt-to-equity ratio of 0.49. The firm has a market capitalization of $852.99 million, a price-to-earnings ratio of 20.80 and a beta of 1.73. Kforce has a 52 week low of $23.17 and a 52 week high of $43.51.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Bessemer Group Inc. increased its holdings in Kforce by 28.7% in the third quarter. Bessemer Group Inc. now owns 28,573 shares of the business services provider’s stock valued at $1,075,000 after purchasing an additional 6,373 shares during the last quarter. Stone Ridge Asset Management LLC increased its holdings in Kforce by 6.5% in the third quarter. Stone Ridge Asset Management LLC now owns 38,897 shares of the business services provider’s stock valued at $1,463,000 after purchasing an additional 2,358 shares during the last quarter. O Shaughnessy Asset Management LLC increased its holdings in Kforce by 466.7% in the third quarter. O Shaughnessy Asset Management LLC now owns 92,584 shares of the business services provider’s stock valued at $3,451,000 after purchasing an additional 76,246 shares during the last quarter. Janney Montgomery Scott LLC bought a new stake in Kforce in the third quarter valued at about $558,000. Finally, Virginia Retirement Systems ET AL bought a new stake in Kforce in the third quarter valued at about $910,000. Institutional investors and hedge funds own 79.34% of the company’s stock.
In other news, Director John Allred sold 1,000 shares of the company’s stock in a transaction on Wednesday, August 15th. The stock was sold at an average price of $42.95, for a total transaction of $42,950.00. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO David L. Dunkel sold 25,000 shares of the company’s stock in a transaction on Tuesday, August 21st. The shares were sold at an average price of $42.50, for a total value of $1,062,500.00. The disclosure for this sale can be found here. Insiders have sold 89,071 shares of company stock worth $3,662,013 in the last ninety days. 12.50% of the stock is currently owned by insiders.
The company also recently declared a quarterly dividend, which will be paid on Friday, December 21st. Stockholders of record on Friday, December 7th will be paid a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a dividend yield of 2.20%. The ex-dividend date is Thursday, December 6th. Kforce’s dividend payout ratio (DPR) is presently 45.86%.
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.
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