Kforce, Inc. (NASDAQ:KFRC) was downgraded by stock analysts at BidaskClub from a “buy” rating to a “hold” rating in a note issued to investors on Saturday.

KFRC has been the topic of a number of other research reports. ValuEngine lowered Kforce from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. Zacks Investment Research lowered Kforce from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 11th. Finally, TheStreet lowered Kforce from a “b-” rating to a “c+” rating in a research report on Wednesday, May 31st. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $24.50.

Shares of Kforce (KFRC) traded up 4.52% during trading on Friday, reaching $19.65. 103,445 shares of the company’s stock were exchanged. The stock has a 50-day moving average price of $18.65 and a 200 day moving average price of $22.10. Kforce has a 12-month low of $15.95 and a 12-month high of $26.95. The company has a market capitalization of $495.83 million, a P/E ratio of 14.59 and a beta of 1.55.

The firm also recently announced a quarterly dividend, which was paid on Friday, June 23rd. Stockholders of record on Friday, June 9th were given a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 2.44%. The ex-dividend date of this dividend was Wednesday, June 7th. Kforce’s dividend payout ratio (DPR) is presently 35.82%.

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In other news, CEO David L. Dunkel sold 2,000 shares of the firm’s stock in a transaction dated Tuesday, May 9th. The stock was sold at an average price of $21.00, for a total transaction of $42,000.00. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, COO Kye L. Mitchell sold 8,838 shares of the firm’s stock in a transaction dated Friday, May 5th. The stock was sold at an average price of $20.68, for a total value of $182,769.84. The disclosure for this sale can be found here. Insiders have sold a total of 18,838 shares of company stock worth $371,330 in the last three months. Corporate insiders own 13.30% of the company’s stock.

Several large investors have recently modified their holdings of KFRC. Independent Portfolio Consultants Inc. raised its stake in shares of Kforce by 0.3% in the second quarter. Independent Portfolio Consultants Inc. now owns 38,089 shares of the business services provider’s stock valued at $747,000 after buying an additional 119 shares during the period. Public Employees Retirement System of Ohio raised its stake in shares of Kforce by 12.2% in the first quarter. Public Employees Retirement System of Ohio now owns 19,732 shares of the business services provider’s stock valued at $469,000 after buying an additional 2,142 shares during the period. Goldman Sachs Group Inc. raised its stake in shares of Kforce by 125.6% in the first quarter. Goldman Sachs Group Inc. now owns 25,118 shares of the business services provider’s stock valued at $597,000 after buying an additional 13,984 shares during the period. Credit Suisse AG raised its stake in shares of Kforce by 35.8% in the first quarter. Credit Suisse AG now owns 46,505 shares of the business services provider’s stock valued at $1,104,000 after buying an additional 12,252 shares during the period. Finally, Bank of America Corp DE raised its stake in shares of Kforce by 28.8% in the first quarter. Bank of America Corp DE now owns 50,955 shares of the business services provider’s stock valued at $1,210,000 after buying an additional 11,387 shares during the period. 77.71% of the stock is currently owned by institutional investors and hedge funds.

Kforce Company Profile

Kforce Inc (Kforce) is engaged in providing professional and technical specialty staffing services and solutions. The Company operates through three segments, which include Technology (Tech), Finance and Accounting (FA) and Government Solutions (GS). The Company’s Tech segment includes the operations of its subsidiary Kforce Global Solutions, Inc The FA segment is engaged in providing both temporary staffing and permanent placement services to its clients in areas, such as general accounting, business analysis and others.

Analyst Recommendations for Kforce (NASDAQ:KFRC)

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