Shares of Kforce Inc. (NASDAQ:KFRC) have received an average rating of “Buy” from the seven brokerages that are presently covering the firm, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $42.25.
KFRC has been the subject of a number of analyst reports. Zacks Investment Research cut shares of Kforce from a “buy” rating to a “hold” rating in a report on Wednesday, April 11th. BidaskClub raised shares of Kforce from a “hold” rating to a “buy” rating in a research note on Friday, April 20th. ValuEngine raised shares of Kforce from a “hold” rating to a “buy” rating in a research note on Wednesday, May 2nd. Northcoast Research lowered shares of Kforce from a “buy” rating to a “neutral” rating and set a $33.00 price target on the stock. in a research note on Friday, June 1st. Finally, SunTrust Banks lifted their price target on shares of Kforce to $44.00 and gave the company a “hold” rating in a research note on Thursday.
NASDAQ KFRC traded up $0.95 during trading on Tuesday, reaching $42.50. 308,981 shares of the stock traded hands, compared to its average volume of 222,556. The stock has a market cap of $1.09 billion, a P/E ratio of 27.07 and a beta of 1.60. The company has a debt-to-equity ratio of 0.93, a quick ratio of 3.06 and a current ratio of 3.07. Kforce has a fifty-two week low of $17.30 and a fifty-two week high of $42.80.
Kforce (NASDAQ:KFRC) last issued its quarterly earnings data on Wednesday, August 1st. The business services provider reported $0.65 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.64 by $0.01. The firm had revenue of $358.62 million during the quarter, compared to analysts’ expectations of $358.07 million. Kforce had a net margin of 3.00% and a return on equity of 35.36%. The business’s revenue for the quarter was up 5.4% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.44 earnings per share. analysts predict that Kforce will post 2.25 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, September 21st. Shareholders of record on Friday, September 7th will be paid a $0.18 dividend. The ex-dividend date is Thursday, September 6th. This represents a $0.72 dividend on an annualized basis and a yield of 1.69%. This is a positive change from Kforce’s previous quarterly dividend of $0.12. Kforce’s payout ratio is presently 30.57%.
In other news, SVP Jeffrey B. Hackman sold 1,000 shares of the business’s stock in a transaction on Thursday, July 26th. The shares were sold at an average price of $38.00, for a total value of $38,000.00. Following the sale, the senior vice president now owns 40,858 shares of the company’s stock, valued at $1,552,604. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO David L. Dunkel sold 20,000 shares of the business’s stock in a transaction on Monday, May 7th. The stock was sold at an average price of $32.02, for a total transaction of $640,400.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 89,636 shares of company stock worth $3,007,464. Insiders own 13.30% of the company’s stock.
Several hedge funds have recently made changes to their positions in the company. EAM Global Investors LLC bought a new stake in shares of Kforce in the second quarter worth $1,390,000. EAM Investors LLC bought a new stake in shares of Kforce in the second quarter worth $1,097,000. Engineers Gate Manager LP lifted its position in shares of Kforce by 43.8% in the second quarter. Engineers Gate Manager LP now owns 33,370 shares of the business services provider’s stock worth $1,145,000 after purchasing an additional 10,159 shares in the last quarter. IndexIQ Advisors LLC lifted its position in shares of Kforce by 8.7% in the second quarter. IndexIQ Advisors LLC now owns 80,864 shares of the business services provider’s stock worth $2,774,000 after purchasing an additional 6,445 shares in the last quarter. Finally, Victory Capital Management Inc. lifted its position in shares of Kforce by 15.9% in the second quarter. Victory Capital Management Inc. now owns 10,968 shares of the business services provider’s stock worth $376,000 after purchasing an additional 1,504 shares in the last quarter. 78.89% of the stock is currently owned by institutional investors and hedge funds.
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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