Kforce (NASDAQ:KFRC) Price Target Cut to $70.00 by Analysts at Robert W. Baird

Kforce (NASDAQ:KFRC – Get Rating) had its target price decreased by Robert W. Baird from $80.00 to $70.00 in a report issued on Friday morning, The Fly reports. Robert W. Baird currently has an outperform rating on the business services provider’s stock.

Other equities analysts have also recently issued reports about the company. StockNews.com cut Kforce from a strong-buy rating to a buy rating in a report on Wednesday. Truist Financial cut their target price on Kforce from $80.00 to $65.00 in a report on Friday, July 15th.

Kforce Stock Performance

Kforce stock opened at $57.95 on Friday. Kforce has a 52-week low of $55.94 and a 52-week high of $81.47. The firm has a 50 day moving average price of $62.60 and a two-hundred day moving average price of $68.17. The firm has a market cap of $1.23 billion, a price-to-earnings ratio of 13.90 and a beta of 1.05.

Kforce (NASDAQ:KFRC – Get Rating) last announced its quarterly earnings data on Monday, August 1st. The business services provider reported $1.30 earnings per share for the quarter, beating the consensus estimate of $1.18 by $0.12. The firm had revenue of $436.50 million for the quarter, compared to analyst estimates of $440.44 million. Kforce had a net margin of 5.21% and a return on equity of 44.12%. The business’s quarterly revenue was up 8.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.00 earnings per share. As a group, equities research analysts predict that Kforce will post 4.16 EPS for the current fiscal year.

Kforce Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 30th. Shareholders of record on Friday, September 16th will be paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 2.07%. The ex-dividend date of this dividend is Thursday, September 15th. Kforce’s dividend payout ratio (DPR) is presently 28.78%.

Insider Buying and Selling at Kforce

In other news, Director N John Simmons sold 3,500 shares of Kforce stock in a transaction on Friday, May 20th. The stock was sold at an average price of $65.25, for a total transaction of $228,375.00. Following the sale, the director now directly owns 14,421 shares in the company, valued at approximately $940,970.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 5.50% of the company’s stock.

Institutional Investors Weigh In On Kforce

Several large investors have recently added to or reduced their stakes in KFRC. First Horizon Advisors Inc. purchased a new stake in Kforce in the 2nd quarter worth about $45,000. UMB Bank N A MO purchased a new stake in Kforce in the 4th quarter worth about $69,000. Gladius Capital Management LP purchased a new stake in Kforce in the 4th quarter worth about $133,000. Sawgrass Asset Management LLC purchased a new stake in Kforce in the 2nd quarter worth about $202,000. Finally, USA Financial Portformulas Corp purchased a new stake in Kforce in the 4th quarter worth about $204,000. Hedge funds and other institutional investors own 87.40% of the company’s stock.

Kforce Company Profile

(Get Rating)

Kforce Inc provides professional staffing services and solutions in the United States. It operates through two segments, Technology, and Finance and Accounting (FA). The Technology segment provides talent solutions to its clients primarily in the areas of information technology, such as systems/applications architecture and development, data management and analytics, business and artificial intelligence, machine learning, project and program management, and network architecture and security.