Insider Selling: Kforce Chairman Sells 6,847 Shares of Stock (KFRC)
Kforce (NASDAQ:KFRC) Chairman Howard Sutter sold 6,847 shares of the company’s stock on the open market in a transaction dated Tuesday, December 31st. The stock was sold at an average price of $21.00, for a total value of $143,787.00. Following the transaction, the chairman now directly owns 12,788 shares of the company’s stock, valued at approximately $268,548. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Several analysts have recently commented on the stock. Analysts at Credit Suisse initiated coverage on shares of Kforce in a research note to investors on Monday, December 16th. They set an “outperform” rating and a $25.00 price target on the stock. Separately, 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, November 1st. They now have a “buy” rating on the stock. Finally, 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 analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $20.68.
Shares of Kforce (NASDAQ:KFRC) traded down 1.66% during mid-day trading on Thursday, hitting $20.12. The stock had a trading volume of 76,439 shares. Kforce has a 52 week low of $12.23 and a 52 week high of $21.37. The stock’s 50-day moving average is $19.96 and its 200-day moving average is $17.63. The company has a market cap of $660.5 million and a price-to-earnings ratio of 27.80.
Kforce (NASDAQ:KFRC) last announced its earnings results on Tuesday, October 29th. The company reported $0.27 EPS for the quarter, meeting the Thomson Reuters 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.
Kforce Inc (NASDAQ:KFRC) is a provider of professional and technical specialty staffing services and solutions.
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