Kforce Inc. (NASDAQ:KFRC) has received a consensus recommendation of “Buy” from the six brokerages that are currently covering the company. Three research analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $24.50.
Several research firms have recently weighed in on KFRC. Avondale Partners raised shares of Kforce from a “market perform” rating to an “outperform” rating and set a $27.00 price target for the company in a research note on Wednesday, February 8th. Zacks Investment Research raised shares of Kforce from a “strong sell” rating to a “hold” rating in a research note on Wednesday, January 4th. Credit Suisse Group AG downgraded shares of Kforce from an “outperform” rating to a “neutral” rating and set a $25.00 price target for the company. in a research note on Friday, February 24th. They noted that the move was a valuation call. William Blair reaffirmed an “outperform” rating on shares of Kforce in a research note on Friday, February 24th. Finally, Griffin Securities downgraded shares of Kforce from a “buy” rating to a “hold” rating in a research note on Wednesday, February 8th.
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In related news, CFO David M. Kelly sold 12,500 shares of Kforce stock in a transaction that occurred on Friday, March 10th. The shares were sold at an average price of $24.53, for a total transaction of $306,625.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Peter M. Alonso sold 9,702 shares of Kforce stock in a transaction that occurred on Tuesday, December 20th. The shares were sold at an average price of $23.26, for a total transaction of $225,668.52. The disclosure for this sale can be found here. Over the last three months, insiders have sold 46,009 shares of company stock worth $1,118,308. 12.80% of the stock is currently owned by corporate insiders.
A number of institutional investors have recently modified their holdings of KFRC. Hillsdale Investment Management Inc. raised its position in shares of Kforce by 19.8% in the second quarter. Hillsdale Investment Management Inc. now owns 18,150 shares of the company’s stock valued at $307,000 after buying an additional 3,000 shares during the last quarter. Macquarie Group Ltd. raised its position in shares of Kforce by 40.6% in the second quarter. Macquarie Group Ltd. now owns 1,021,504 shares of the company’s stock valued at $17,253,000 after buying an additional 295,173 shares during the last quarter. Independent Portfolio Consultants Inc. acquired a new position in shares of Kforce during the third quarter valued at about $659,000. Algert Global LLC raised its position in shares of Kforce by 33.9% in the third quarter. Algert Global LLC now owns 14,002 shares of the company’s stock valued at $287,000 after buying an additional 3,542 shares during the last quarter. Finally, First National Bank of Omaha acquired a new position in shares of Kforce during the third quarter valued at about $808,000. 82.39% of the stock is currently owned by institutional investors.
Kforce (NASDAQ:KFRC) opened at 25.00 on Monday. The company has a 50-day moving average price of $24.42 and a 200 day moving average price of $21.58. The company has a market capitalization of $627.25 million, a PE ratio of 20.00 and a beta of 1.52. Kforce has a 52-week low of $15.78 and a 52-week high of $26.95.
Kforce (NASDAQ:KFRC) last posted its quarterly earnings results on Tuesday, February 7th. The company reported $0.36 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.32 by $0.04. Kforce had a net margin of 2.48% and a return on equity of 29.93%. The firm earned $326 million during the quarter, compared to the consensus estimate of $327.25 million. During the same quarter in the previous year, the firm posted $0.43 earnings per share. The company’s revenue was down .5% on a year-over-year basis. Equities research analysts anticipate that Kforce will post $1.60 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 24th. Investors of record on Friday, March 10th will be issued a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 1.92%. The ex-dividend date is Wednesday, March 8th. Kforce’s payout ratio is 38.40%.
Kforce Inc is engaged in providing professional and technical specialty staffing services and solutions. The Company operates through three segments, which include Technology (Tech), which provides both temporary staffing and permanent placement services to its clients, focusing primarily on areas of information technology, such as systems/applications, e-commerce, technology infrastructure, network architecture and security; Finance and Accounting (FA), which is engaged in providing both temporary staffing and permanent placement services to its clients in areas, such as general accounting, business analysis and others, and Government Solutions (GS), which is engaged in providing services and solutions to the Federal Government as both a prime contractor and a subcontractor in the fields of information technology, and finance and accounting.
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