Kye L. Mitchell Sells 5,000 Shares of Kforce, Inc. (KFRC) Stock
Kforce, Inc. (NASDAQ:KFRC) COO Kye L. Mitchell sold 5,000 shares of the business’s stock in a transaction on Thursday, September 7th. The shares were sold at an average price of $17.99, for a total transaction of $89,950.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.
Shares of Kforce, Inc. (KFRC) traded down 0.55% during midday trading on Friday, reaching $17.95. 39,341 shares of the company’s stock were exchanged. Kforce, Inc. has a 12 month low of $15.95 and a 12 month high of $26.95. The company’s 50 day moving average is $18.16 and its 200-day moving average is $20.48. The stock has a market cap of $453.96 million, a PE ratio of 13.08 and a beta of 1.56.
Kforce (NASDAQ:KFRC) last released its earnings results on Tuesday, August 1st. The business services provider reported $0.44 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.46 by $0.02. Kforce had a net margin of 2.64% and a return on equity of 29.67%. The business had revenue of $340.31 million during the quarter, compared to the consensus estimate of $345.24 million. During the same quarter in the prior year, the firm earned $0.41 EPS. The business’s revenue was up 1.6% on a year-over-year basis. Equities analysts forecast that Kforce, Inc. will post $1.51 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 22nd. Shareholders of record on Friday, September 8th will be given a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 2.66%. The ex-dividend date is Thursday, September 7th. Kforce’s dividend payout ratio is presently 35.04%.
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Several equities research analysts have recently weighed in on the stock. BidaskClub lowered shares of Kforce from a “buy” rating to a “hold” rating in a report on Saturday, July 8th. ValuEngine raised shares of Kforce from a “hold” rating to a “buy” rating in a report on Tuesday, June 27th. Deutsche Bank AG lowered their target price on shares of Kforce from $25.00 to $22.00 and set a “hold” rating on the stock in a report on Wednesday, August 2nd. Zacks Investment Research lowered shares of Kforce from a “hold” rating to a “sell” rating in a report on Thursday, August 3rd. Finally, TheStreet lowered shares of Kforce from a “b-” rating to a “c+” rating in a report on Wednesday, May 31st. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $25.25.
Several large investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its holdings in shares of Kforce by 1.7% during the second quarter. Vanguard Group Inc. now owns 2,067,198 shares of the business services provider’s stock worth $40,517,000 after purchasing an additional 33,998 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Kforce by 4.4% during the second quarter. Dimensional Fund Advisors LP now owns 1,435,611 shares of the business services provider’s stock worth $28,138,000 after purchasing an additional 60,783 shares during the last quarter. Macquarie Group Ltd. grew its holdings in shares of Kforce by 16.9% during the second quarter. Macquarie Group Ltd. now owns 1,136,060 shares of the business services provider’s stock worth $22,267,000 after purchasing an additional 164,268 shares during the last quarter. Investment Counselors of Maryland LLC grew its holdings in shares of Kforce by 27.8% during the second quarter. Investment Counselors of Maryland LLC now owns 1,004,771 shares of the business services provider’s stock worth $19,694,000 after purchasing an additional 218,650 shares during the last quarter. Finally, Tributary Capital Management LLC grew its holdings in shares of Kforce by 25.2% during the second quarter. Tributary Capital Management LLC now owns 777,037 shares of the business services provider’s stock worth $15,230,000 after purchasing an additional 156,200 shares during the last quarter. Institutional investors own 78.46% of the company’s stock.
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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