Insider Selling: Kforce Chairman Sells 100,000 Shares of Stock (KFRC)
Kforce (NASDAQ:KFRC) Chairman Howard Sutter unloaded 100,000 shares of Kforce stock in a transaction dated Monday, November 4th. The stock was sold at an average price of $20.00, for a total value of $2,000,000.00. Following the completion of the transaction, the chairman now directly owns 20,415 shares of the company’s stock, valued at approximately $408,300. The sale was disclosed in a legal filing with the SEC, which is available at this link.
A number of research firms have recently commented on KFRC. Analysts at Griffin Securities raised their price target on shares of Kforce from $20.00 to $25.00 in a research note to investors on Friday. They now have a “buy” rating on the stock. Analysts at Deutsche Bank raised their price target on shares of Kforce from $16.00 to $21.00 in a research note to investors on Wednesday, October 30th. They now have a “hold” rating on the stock. Four research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $19.60.
Shares of Kforce (NASDAQ:KFRC) traded down 0.10% during mid-day trading on Monday, hitting $19.94. 325,009 shares of the company’s stock traded hands. Kforce has a 1-year low of $11.74 and a 1-year high of $20.28. The stock has a 50-day moving average of $17.8 and a 200-day moving average of $16.03. The company has a market cap of $660.7 million and a price-to-earnings ratio of 27.42.
Kforce (NASDAQ:KFRC) last announced its earnings results on Tuesday, October 29th. The company reported $0.27 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.27. The company had revenue of $299.65 million for the quarter, compared to the consensus estimate of $295.10 million. During the same quarter in the previous year, the company posted $0.26 earnings per share. The company’s revenue for the quarter was up 10.9% on a year-over-year basis. Analysts expect that Kforce will post $0.85 EPS for the current fiscal year.
Kforce Inc (NASDAQ:KFRC) is a provider of professional and technical specialty staffing services and solutions.
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