Kforce Inc. (NASDAQ:KFRC) Receives Consensus Rating of “Hold” from Brokerages

Kforce Inc. (NASDAQ:KFRC) has been assigned a consensus rating of “Hold” from the four research firms that are covering the company, Marketbeat reports. Three analysts have rated the stock with a hold rating and one has given a buy rating to the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $68.00.

Separately, Robert W. Baird cut their price objective on Kforce from $72.00 to $71.00 and set an “outperform” rating for the company in a report on Tuesday, April 30th.

Insider Buying and Selling at Kforce

In other Kforce news, Director Mark F. Furlong sold 5,000 shares of the company’s stock in a transaction dated Tuesday, May 28th. The stock was sold at an average price of $61.70, for a total value of $308,500.00. Following the completion of the sale, the director now owns 26,297 shares in the company, valued at $1,622,524.90. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In other Kforce news, Director Mark F. Furlong sold 5,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 28th. The shares were sold at an average price of $61.70, for a total value of $308,500.00. Following the completion of the transaction, the director now directly owns 26,297 shares in the company, valued at $1,622,524.90. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Joseph J. Liberatore sold 6,638 shares of the firm’s stock in a transaction on Thursday, June 13th. The shares were sold at an average price of $62.02, for a total transaction of $411,688.76. Following the sale, the chief executive officer now owns 213,689 shares in the company, valued at $13,252,991.78. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 16,439 shares of company stock valued at $1,015,114. Insiders own 5.50% of the company’s stock.

Hedge Funds Weigh In On Kforce

A number of large investors have recently made changes to their positions in KFRC. SRS Capital Advisors Inc. boosted its holdings in shares of Kforce by 420.9% in the fourth quarter. SRS Capital Advisors Inc. now owns 448 shares of the business services provider’s stock valued at $30,000 after purchasing an additional 362 shares during the period. Benjamin F. Edwards & Company Inc. increased its position in Kforce by 487.7% during the 1st quarter. Benjamin F. Edwards & Company Inc. now owns 670 shares of the business services provider’s stock valued at $47,000 after purchasing an additional 556 shares during the period. Virtu Financial LLC bought a new stake in shares of Kforce in the 4th quarter valued at about $207,000. Avantax Advisory Services Inc. purchased a new stake in shares of Kforce in the 1st quarter worth approximately $208,000. Finally, Personal CFO Solutions LLC bought a new position in shares of Kforce during the third quarter valued at approximately $218,000. 92.77% of the stock is owned by hedge funds and other institutional investors.

Kforce Trading Down 1.1 %

NASDAQ:KFRC opened at $61.15 on Monday. Kforce has a 1 year low of $53.75 and a 1 year high of $74.79. The stock’s fifty day moving average price is $63.29 and its two-hundred day moving average price is $66.67. The company has a debt-to-equity ratio of 0.25, a current ratio of 2.32 and a quick ratio of 2.32. The company has a market cap of $1.19 billion, a P/E ratio of 21.16 and a beta of 0.88.

Kforce (NASDAQ:KFRC) last issued its quarterly earnings data on Monday, April 29th. The business services provider reported $0.58 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.58. Kforce had a return on equity of 36.39% and a net margin of 3.78%. The business had revenue of $351.89 million for the quarter, compared to analysts’ expectations of $354.92 million. During the same quarter in the prior year, the firm posted $0.82 EPS. The firm’s quarterly revenue was down 13.3% on a year-over-year basis. As a group, analysts expect that Kforce will post 2.82 EPS for the current year.

Kforce Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 14th will be paid a dividend of $0.38 per share. The ex-dividend date of this dividend is Friday, June 14th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 2.49%. Kforce’s dividend payout ratio is currently 52.60%.

Kforce Company Profile

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.