Kforce Chairman Richard M. Cocchiaro Unloads 1,640 Shares (KFRC)
Kforce (NASDAQ:KFRC) Chairman Richard M. Cocchiaro sold 1,640 shares of Kforce stock in a transaction dated Monday, June 9th. The shares were sold at an average price of $23.50, for a total transaction of $38,540.00. Following the transaction, the chairman now directly owns 983,264 shares of the company’s stock, valued at approximately $23,106,704. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.
Kforce (NASDAQ:KFRC) traded down 1.25% on Tuesday, hitting $22.88. 124,503 shares of the company’s stock traded hands. Kforce has a 52 week low of $14.04 and a 52 week high of $23.80. The stock has a 50-day moving average of $21.98 and a 200-day moving average of $20.78. The company has a market cap of $754.9 million and a price-to-earnings ratio of 55.30.
Kforce (NASDAQ:KFRC) last posted its quarterly earnings results on Tuesday, April 29th. The company reported $0.19 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $0.09 earnings per share. Kforce’s revenue was up 14.9% compared to the same quarter last year. On average, analysts predict that Kforce will post $1.24 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Friday, June 27th. Investors of record on Friday, June 13th will be paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 1.75%. The ex-dividend date 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 assigned a buy rating to the company. The stock has an average rating of “Buy” and a consensus 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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