Kforce (NASDAQ:KFRC) Upgraded by StockNews.com to “Buy” Rating

Kforce (NASDAQ:KFRC) was upgraded by equities research analysts at StockNews.com from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Saturday.

Several other brokerages have also commented on KFRC. Truist Financial decreased their price target on Kforce from $68.00 to $58.00 and set a “hold” rating on the stock in a research note on Tuesday, October 29th. Sidoti raised shares of Kforce from a “neutral” rating to a “buy” rating and set a $71.00 target price on the stock in a research report on Tuesday, October 15th.

Kforce Price Performance

Shares of KFRC stock opened at $59.99 on Friday. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.06 and a quick ratio of 2.06. The company has a market capitalization of $1.14 billion, a PE ratio of 20.69 and a beta of 0.88. The firm’s 50-day moving average is $58.32 and its two-hundred day moving average is $61.63. Kforce has a 12 month low of $52.96 and a 12 month high of $74.79.

Kforce (NASDAQ:KFRC) last released its quarterly earnings results on Monday, October 28th. The business services provider reported $0.75 EPS for the quarter, beating the consensus estimate of $0.69 by $0.06. Kforce had a net margin of 3.86% and a return on equity of 33.50%. The firm had revenue of $353.30 million for the quarter, compared to analyst estimates of $352.19 million. The business’s revenue for the quarter was down 5.3% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.90 EPS. Analysts predict that Kforce will post 2.68 earnings per share for the current year.

Institutional Investors Weigh In On Kforce

Institutional investors have recently modified their holdings of the company. Blue Trust Inc. boosted its holdings in Kforce by 59.9% during the 2nd quarter. Blue Trust Inc. now owns 427 shares of the business services provider’s stock valued at $27,000 after acquiring an additional 160 shares during the period. Kathleen S. Wright Associates Inc. acquired a new stake in shares of Kforce during the third quarter worth about $30,000. TD Private Client Wealth LLC boosted its stake in shares of Kforce by 58.0% in the third quarter. TD Private Client Wealth LLC now owns 496 shares of the business services provider’s stock valued at $30,000 after purchasing an additional 182 shares during the period. nVerses Capital LLC grew its holdings in shares of Kforce by 50.0% in the second quarter. nVerses Capital LLC now owns 900 shares of the business services provider’s stock valued at $56,000 after purchasing an additional 300 shares in the last quarter. Finally, Canada Pension Plan Investment Board acquired a new position in shares of Kforce in the second quarter valued at approximately $68,000. 92.77% of the stock is owned by institutional investors and hedge funds.

About Kforce

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.