Kforce, Inc. (NASDAQ:KFRC) Given Average Recommendation of “Hold” by Brokerages
Kforce, Inc. (NASDAQ:KFRC) has been given an average rating of “Hold” by the nine analysts that are currently covering the stock, MarketBeat.com reports. Two analysts have rated the stock with a sell recommendation, three have given a hold recommendation and three have assigned a buy recommendation to the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $24.67.
Several research analysts recently commented on KFRC shares. ValuEngine raised shares of Kforce from a “hold” rating to a “buy” rating in a report on Tuesday, June 27th. TheStreet downgraded shares of Kforce from a “b-” rating to a “c+” rating in a report on Wednesday, May 31st. Deutsche Bank AG cut their price target on shares of Kforce from $25.00 to $22.00 and set a “hold” rating for the company in a report on Wednesday, August 2nd. BidaskClub downgraded shares of Kforce from a “buy” rating to a “hold” rating in a report on Saturday, July 8th. Finally, Zacks Investment Research downgraded shares of Kforce from a “hold” rating to a “sell” rating in a report on Thursday, August 3rd.
Shares of Kforce (NASDAQ:KFRC) opened at 18.00 on Tuesday. The company has a 50 day moving average price of $18.93 and a 200 day moving average price of $21.19. Kforce has a 52 week low of $15.95 and a 52 week high of $26.95. The company has a market capitalization of $455.22 million, a PE ratio of 13.12 and a beta of 1.54.
Kforce (NASDAQ:KFRC) last released its quarterly earnings data on Tuesday, August 1st. The business services provider reported $0.44 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.46 by $0.02. The business had revenue of $340.31 million during the quarter, compared to the consensus estimate of $345.24 million. Kforce had a return on equity of 29.67% and a net margin of 2.64%. The firm’s quarterly revenue was up 1.6% on a year-over-year basis. During the same period last year, the business posted $0.41 earnings per share. On average, equities research analysts expect that Kforce will post $1.51 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, September 22nd. Shareholders of record on Friday, September 8th will be issued a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 2.67%. The ex-dividend date is Thursday, September 7th. Kforce’s payout ratio is 35.04%.
In other Kforce news, CEO David L. Dunkel sold 8,000 shares of the firm’s stock in a transaction on Friday, May 26th. The shares were sold at an average price of $18.32, for a total value of $146,560.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 13.30% of the stock is owned by company insiders.
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Old Mutual Global Investors UK Ltd. purchased a new position in shares of Kforce during the first quarter valued at approximately $100,000. BNP Paribas Arbitrage SA increased its stake in Kforce by 612.0% in the second quarter. BNP Paribas Arbitrage SA now owns 5,340 shares of the business services provider’s stock worth $105,000 after buying an additional 4,590 shares in the last quarter. FNY Managed Accounts LLC increased its stake in Kforce by 117.8% in the second quarter. FNY Managed Accounts LLC now owns 5,445 shares of the business services provider’s stock worth $106,000 after buying an additional 2,945 shares in the last quarter. Dubuque Bank & Trust Co. bought a new stake in Kforce during the first quarter worth about $226,000. Finally, TFS Capital LLC increased its stake in Kforce by 13.8% in the first quarter. TFS Capital LLC now owns 10,964 shares of the business services provider’s stock worth $260,000 after buying an additional 1,331 shares in the last quarter. 80.83% of the stock is owned by hedge funds and other institutional investors.
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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.
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