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

StockNews.com upgraded shares of Kforce (NASDAQ:KFRC) from a hold rating to a buy rating in a report published on Thursday.

KFRC has been the topic of several other reports. Truist Financial cut their price objective on shares of Kforce from $68.00 to $58.00 and set a “hold” rating on the stock in a research report on Tuesday, October 29th. Sidoti raised shares of Kforce from a “neutral” rating to a “buy” rating and set a $71.00 price target on the stock in a research report on Tuesday, October 15th. One investment analyst has rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $66.67.

Kforce Trading Down 1.2 %

KFRC traded down $0.74 during trading on Thursday, reaching $58.67. 21,226 shares of the company’s stock were exchanged, compared to its average volume of 114,265. The company’s fifty day moving average price is $59.11 and its 200-day moving average price is $62.04. The company has a debt-to-equity ratio of 0.16, a quick ratio of 2.06 and a current ratio of 2.06. Kforce has a fifty-two week low of $52.96 and a fifty-two week high of $74.79. The firm has a market capitalization of $1.12 billion, a PE ratio of 20.93 and a beta of 0.88.

Kforce (NASDAQ:KFRC) last posted its quarterly earnings data 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. The business had revenue of $353.30 million for the quarter, compared to analysts’ expectations of $352.19 million. Kforce had a net margin of 3.86% and a return on equity of 33.50%. The firm’s revenue was down 5.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.90 EPS. As a group, equities analysts forecast that Kforce will post 2.68 EPS for the current year.

Kforce Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Friday, December 6th will be issued a $0.38 dividend. The ex-dividend date of this dividend is Friday, December 6th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 2.59%. Kforce’s payout ratio is 52.41%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in KFRC. Hotchkis & Wiley Capital Management LLC lifted its holdings in shares of Kforce by 28.4% during the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 186,016 shares of the business services provider’s stock worth $11,431,000 after acquiring an additional 41,180 shares during the period. Hantz Financial Services Inc. bought a new position in Kforce in the 2nd quarter valued at approximately $1,488,000. Vaughan Nelson Investment Management L.P. lifted its stake in Kforce by 3.3% in the 2nd quarter. Vaughan Nelson Investment Management L.P. now owns 756,788 shares of the business services provider’s stock valued at $47,020,000 after purchasing an additional 23,920 shares during the last quarter. Dynamic Technology Lab Private Ltd bought a new position in Kforce in the 3rd quarter valued at approximately $1,114,000. Finally, Charles Schwab Investment Management Inc. raised its stake in shares of Kforce by 2.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 719,163 shares of the business services provider’s stock valued at $44,193,000 after acquiring an additional 17,087 shares during the last quarter. Institutional investors and hedge funds own 92.77% of the company’s stock.

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.