Kforce, Inc. (KFRC) Upgraded to B by TheStreet
Kforce, Inc. (NASDAQ:KFRC) was upgraded by TheStreet from a “c+” rating to a “b” rating in a note issued to investors on Monday.
KFRC has been the topic of a number of other reports. Zacks Investment Research upgraded Kforce from a “sell” rating to a “hold” rating in a research report on Wednesday. ValuEngine upgraded Kforce from a “hold” rating to a “buy” rating in a research report on Tuesday, June 27th. Deutsche Bank AG dropped their price target on Kforce from $25.00 to $22.00 and set a “hold” rating on the stock in a research report on Wednesday, August 2nd. Robert W. Baird reiterated a “buy” rating and set a $20.00 price target on shares of Kforce in a research report on Tuesday, September 12th. Finally, BidaskClub cut Kforce from a “hold” rating to a “sell” rating in a research report on Thursday, July 27th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $23.50.
Kforce (KFRC) traded up 0.25% on Monday, reaching $20.35. The company’s stock had a trading volume of 77,960 shares. Kforce has a 52 week low of $15.95 and a 52 week high of $26.95. The company has a market capitalization of $514.65 million, a price-to-earnings ratio of 14.83 and a beta of 1.59. The firm’s 50 day moving average price is $18.57 and its 200-day moving average price is $19.67.
Kforce (NASDAQ:KFRC) last announced its quarterly earnings data on Tuesday, August 1st. The business services provider reported $0.44 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ 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 firm had revenue of $340.31 million for the quarter, compared to analyst estimates of $345.24 million. During the same quarter in the previous year, the company earned $0.41 EPS. The company’s quarterly revenue was up 1.6% compared to the same quarter last year. On average, equities analysts predict that Kforce will post $1.51 EPS for the current year.
In other news, COO Kye L. Mitchell sold 5,000 shares of the stock in a transaction that occurred on Thursday, September 7th. The stock was sold at an average price of $17.99, for a total transaction of $89,950.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 13.30% of the stock is currently owned by corporate insiders.
Several institutional investors have recently made changes to their positions in KFRC. Investment Counselors of Maryland LLC increased its position in Kforce by 27.8% in the 2nd quarter. Investment Counselors of Maryland LLC now owns 1,004,771 shares of the business services provider’s stock valued at $19,694,000 after acquiring an additional 218,650 shares during the period. Opus Capital Group LLC increased its position in Kforce by 1,309.7% in the 2nd quarter. Opus Capital Group LLC now owns 210,493 shares of the business services provider’s stock valued at $4,126,000 after acquiring an additional 195,561 shares during the period. Citadel Advisors LLC acquired a new stake in Kforce in the 2nd quarter valued at approximately $3,435,000. Macquarie Group Ltd. increased its position in Kforce by 16.9% in the 2nd quarter. Macquarie Group Ltd. now owns 1,136,060 shares of the business services provider’s stock valued at $22,267,000 after acquiring an additional 164,268 shares during the period. Finally, Deprince Race & Zollo Inc. increased its position in Kforce by 28.1% in the 2nd quarter. Deprince Race & Zollo Inc. now owns 715,659 shares of the business services provider’s stock valued at $14,027,000 after acquiring an additional 157,134 shares during the period. Institutional investors and hedge funds own 78.42% 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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