David M. Kelly Sells 2,891 Shares of Kforce Inc. (NASDAQ:KFRC) Stock

Kforce Inc. (NASDAQ:KFRC) CFO David M. Kelly sold 2,891 shares of Kforce stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $40.66, for a total value of $117,548.06. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

David M. Kelly also recently made the following trade(s):

  • On Friday, November 8th, David M. Kelly sold 5,309 shares of Kforce stock. The stock was sold at an average price of $41.50, for a total value of $220,323.50.
  • On Wednesday, November 6th, David M. Kelly sold 400 shares of Kforce stock. The stock was sold at an average price of $41.50, for a total value of $16,600.00.
  • On Thursday, September 5th, David M. Kelly sold 5,000 shares of Kforce stock. The stock was sold at an average price of $32.81, for a total value of $164,050.00.

Shares of NASDAQ KFRC opened at $39.66 on Thursday. The company has a quick ratio of 2.87, a current ratio of 2.87 and a debt-to-equity ratio of 0.35. The stock has a market capitalization of $929.83 million, a price-to-earnings ratio of 17.25 and a beta of 1.22. The stock’s fifty day simple moving average is $38.77 and its 200 day simple moving average is $35.87. Kforce Inc. has a 52-week low of $27.95 and a 52-week high of $42.64.

Kforce (NASDAQ:KFRC) last issued its earnings results on Wednesday, October 30th. The business services provider reported $0.68 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.67 by $0.01. The business had revenue of $345.60 million for the quarter, compared to analysts’ expectations of $340.32 million. Kforce had a return on equity of 30.85% and a net margin of 9.71%. The company’s quarterly revenue was down 2.8% on a year-over-year basis. During the same period in the previous year, the firm posted $0.64 EPS. As a group, analysts anticipate that Kforce Inc. will post 2.38 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Friday, December 6th will be issued a dividend of $0.18 per share. The ex-dividend date of this dividend is Thursday, December 5th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.82%. Kforce’s dividend payout ratio is 31.30%.

Hedge funds have recently modified their holdings of the company. Cutler Group LP grew its holdings in shares of Kforce by 200.0% during the second quarter. Cutler Group LP now owns 2,400 shares of the business services provider’s stock valued at $84,000 after buying an additional 1,600 shares in the last quarter. A.R.T. Advisors LLC grew its holdings in shares of Kforce by 9.7% during the second quarter. A.R.T. Advisors LLC now owns 7,943 shares of the business services provider’s stock valued at $279,000 after buying an additional 700 shares in the last quarter. Zebra Capital Management LLC grew its holdings in shares of Kforce by 12.1% during the second quarter. Zebra Capital Management LLC now owns 8,540 shares of the business services provider’s stock valued at $300,000 after buying an additional 922 shares in the last quarter. Cubist Systematic Strategies LLC grew its holdings in shares of Kforce by 4.4% during the second quarter. Cubist Systematic Strategies LLC now owns 9,323 shares of the business services provider’s stock valued at $327,000 after buying an additional 391 shares in the last quarter. Finally, First Hawaiian Bank grew its holdings in shares of Kforce by 24.1% during the second quarter. First Hawaiian Bank now owns 11,960 shares of the business services provider’s stock valued at $420,000 after buying an additional 2,320 shares in the last quarter. Institutional investors and hedge funds own 88.45% of the company’s stock.

A number of brokerages recently issued reports on KFRC. Zacks Investment Research cut Kforce from a “hold” rating to a “sell” rating in a report on Saturday, August 3rd. BidaskClub cut Kforce from a “strong-buy” rating to a “buy” rating in a report on Wednesday. Finally, William Blair restated an “outperform” rating on shares of Kforce in a report on Friday, September 20th.

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.

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