Kforce, Inc. (KFRC) Receives Consensus Rating of “Hold” from Analysts
Kforce, Inc. (NASDAQ:KFRC) has been given a consensus recommendation of “Hold” by the twelve ratings firms that are currently covering the company, MarketBeat.com reports. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and five have given a buy rating to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $24.20.
KFRC has been the topic of a number of research reports. Northcoast Research raised Kforce from a “neutral” rating to a “buy” rating in a research note on Monday, November 6th. Zacks Investment Research raised Kforce from a “sell” rating to a “hold” rating in a research note on Wednesday, October 4th. ValuEngine downgraded Kforce from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. SunTrust Banks, Inc. downgraded Kforce from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $23.00 to $22.00 in a research note on Wednesday, October 11th. Finally, BidaskClub downgraded Kforce from a “hold” rating to a “sell” rating in a research note on Thursday, July 27th.
Shares of Kforce (NASDAQ:KFRC) opened at $25.30 on Thursday. Kforce has a 12 month low of $16.75 and a 12 month high of $26.95. The company has a quick ratio of 2.95, a current ratio of 2.95 and a debt-to-equity ratio of 0.91. The company has a market capitalization of $676.24, a price-to-earnings ratio of 17.50 and a beta of 1.56.
The business also recently announced a quarterly dividend, which will be paid on Friday, December 22nd. Stockholders of record on Friday, December 8th will be given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.90%. The ex-dividend date is Thursday, December 7th. Kforce’s dividend payout ratio (DPR) is presently 33.80%.
In related news, CFO David M. Kelly sold 15,000 shares of the company’s stock in a transaction on Monday, November 6th. The stock was sold at an average price of $24.05, for a total transaction of $360,750.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, COO Kye L. Mitchell sold 5,000 shares of the company’s stock in a transaction on Thursday, September 7th. The shares were sold at an average price of $17.99, for a total value of $89,950.00. The disclosure for this sale can be found here. Insiders have sold 46,250 shares of company stock worth $1,070,388 over the last ninety days. 13.30% of the stock is owned by insiders.
Large investors have recently bought and sold shares of the stock. BNP Paribas Arbitrage SA raised its position in Kforce by 612.0% during the second quarter. BNP Paribas Arbitrage SA now owns 5,340 shares of the business services provider’s stock valued at $105,000 after buying an additional 4,590 shares during the period. FNY Managed Accounts LLC raised its position in Kforce by 117.8% during the second quarter. FNY Managed Accounts LLC now owns 5,445 shares of the business services provider’s stock valued at $106,000 after buying an additional 2,945 shares during the period. Campbell & CO Investment Adviser LLC acquired a new position in Kforce during the third quarter valued at $213,000. Aperio Group LLC acquired a new position in Kforce during the third quarter valued at $216,000. Finally, AXA acquired a new position in Kforce during the second quarter valued at $261,000. 79.73% of the stock is currently owned by hedge funds and other institutional investors.
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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