Kforce (NASDAQ:KFRC) Downgraded to Sell at Zacks Investment Research

Zacks Investment Research lowered shares of Kforce (NASDAQ:KFRC) from a hold rating to a sell rating in a research report report published on Saturday morning, Zacks.com reports.

According to Zacks, “kforce.com is a full-service, web-based specialty staffing firm providing flexible and permanent staffing solutions for organizations and career management for individuals in the specialty skill areas of information technology, finance & accounting, human resources, engineering, pharmaceutical, health care, legal, e-solutions consulting, scientific and insurance and investments. kforce.com offers web-based services including online resumes and job postings, interactive interviews and job placements and career management strategies (company press release). “

A number of other research firms have also recently weighed in on KFRC. ValuEngine cut Kforce from a buy rating to a hold rating in a research report on Friday, June 7th. BidaskClub raised Kforce from a sell rating to a hold rating in a research report on Wednesday, May 15th.

NASDAQ KFRC traded down $0.15 during midday trading on Friday, hitting $34.26. 162,125 shares of the company traded hands, compared to its average volume of 117,742. The company has a current ratio of 2.43, a quick ratio of 2.43 and a debt-to-equity ratio of 0.47. The stock has a market capitalization of $874.72 million, a P/E ratio of 14.90 and a beta of 1.20. The firm has a 50-day simple moving average of $35.68. Kforce has a 52 week low of $27.95 and a 52 week high of $43.51.

Kforce (NASDAQ:KFRC) last announced its earnings results on Wednesday, July 31st. The business services provider reported $0.66 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.66. The business had revenue of $338.86 million for the quarter, compared to analysts’ expectations of $345.81 million. Kforce had a return on equity of 34.11% and a net margin of 9.73%. The business’s revenue for the quarter was up 2.8% on a year-over-year basis. During the same quarter last year, the firm earned $0.65 EPS. As a group, research analysts anticipate that Kforce will post 2.38 EPS for the current year.

In other news, CFO David M. Kelly sold 15,000 shares of the firm’s stock in a transaction on Monday, May 6th. The stock was sold at an average price of $35.77, for a total value of $536,550.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Gordon Tunstall sold 3,000 shares of the firm’s stock in a transaction on Monday, May 20th. The stock was sold at an average price of $34.98, for a total value of $104,940.00. The disclosure for this sale can be found here. Insiders sold a total of 19,500 shares of company stock valued at $693,990 in the last three months. Insiders own 11.80% of the company’s stock.

Several institutional investors have recently bought and sold shares of KFRC. Tributary Capital Management LLC raised its stake in Kforce by 13.2% in the 1st quarter. Tributary Capital Management LLC now owns 528,362 shares of the business services provider’s stock worth $18,556,000 after acquiring an additional 61,473 shares during the last quarter. Geode Capital Management LLC raised its stake in Kforce by 7.3% in the 4th quarter. Geode Capital Management LLC now owns 436,134 shares of the business services provider’s stock worth $13,485,000 after acquiring an additional 29,569 shares during the last quarter. American Century Companies Inc. raised its stake in Kforce by 24.5% in the 4th quarter. American Century Companies Inc. now owns 334,211 shares of the business services provider’s stock worth $10,334,000 after acquiring an additional 65,858 shares during the last quarter. Hancock Whitney Corp raised its stake in Kforce by 6.4% in the 1st quarter. Hancock Whitney Corp now owns 263,038 shares of the business services provider’s stock worth $9,238,000 after acquiring an additional 15,884 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its stake in Kforce by 206.9% in the 1st quarter. JPMorgan Chase & Co. now owns 148,551 shares of the business services provider’s stock worth $5,217,000 after acquiring an additional 100,146 shares during the last quarter. 82.80% of the stock is owned by hedge funds and other institutional investors.

Kforce Company Profile

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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