Kforce Director Sells $109,550 in Stock (KFRC)
Kforce (NASDAQ:KFRC) Director Elaine Rosen unloaded 5,000 shares of the stock in a transaction dated Wednesday, May 14th. The shares were sold at an average price of $21.91, for a total value of $109,550.00. Following the transaction, the director now directly owns 31,447 shares in the company, valued at approximately $689,004. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Kforce (NASDAQ:KFRC) traded down 0.74% during mid-day trading on Thursday, hitting $21.59. 252,537 shares of the company’s stock traded hands. Kforce has a 1-year low of $13.67 and a 1-year high of $23.80. The stock’s 50-day moving average is $21.51 and its 200-day moving average is $20.4. The company has a market cap of $712.4 million and a P/E ratio of 51.91.
Kforce (NASDAQ:KFRC) last issued its quarterly earnings data on Tuesday, April 29th. The company reported $0.19 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.17 by $0.02. The company had revenue of $305.31 million for the quarter, compared to the consensus estimate of $300.75 million. During the same quarter in the prior year, the company posted $0.09 earnings per share. The company’s quarterly revenue was up 14.9% on a year-over-year basis. Analysts expect that Kforce will post $1.24 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, June 27th. Stockholders of record on Friday, June 13th will be given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 1.84%. The ex-dividend date of this dividend is Wednesday, June 11th.
A number of analysts have recently weighed in on KFRC shares. Analysts at TheStreet upgraded shares of Kforce from a “hold” rating to a “buy” rating in a research note on Thursday, May 1st. Separately, analysts at Macquarie raised their price target on shares of Kforce from $24.00 to $25.00 in a research note on Wednesday, April 30th. They now have an “outperform” rating on the stock. Finally, analysts at Deutsche Bank reiterated a “hold” rating on shares of Kforce in a research note on Wednesday, April 30th. They now have a $22.00 price target on the stock, up previously from $21.00. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The company has an average rating of “Buy” and an average target price of $21.91.
Kforce Inc (NASDAQ:KFRC) is a provider of professional and technical specialty staffing services and solutions.
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