John Allred Sells 600 Shares of Kforce, Inc. (KFRC) Stock
Kforce, Inc. (NASDAQ:KFRC) Director John Allred sold 600 shares of Kforce stock in a transaction that occurred on Monday, December 11th. The shares were sold at an average price of $26.13, for a total value of $15,678.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Shares of Kforce, Inc. (NASDAQ KFRC) traded up $0.10 during trading hours on Tuesday, hitting $26.25. The stock had a trading volume of 108,971 shares, compared to its average volume of 126,520. The stock has a market cap of $690.80, a price-to-earnings ratio of 17.64 and a beta of 1.67. The company has a debt-to-equity ratio of 0.91, a current ratio of 2.95 and a quick ratio of 2.95. Kforce, Inc. has a fifty-two week low of $16.75 and a fifty-two week high of $26.95.
Kforce (NASDAQ:KFRC) last announced its quarterly earnings results on Tuesday, October 31st. The business services provider reported $0.45 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.45. The business had revenue of $341.05 million for the quarter, compared to analyst estimates of $340.67 million. Kforce had a return on equity of 28.83% and a net margin of 2.71%. The company’s quarterly revenue was up .2% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.44 EPS. sell-side analysts expect that Kforce, Inc. will post 1.5 EPS for the current year.
A number of brokerages have weighed in on KFRC. Northcoast Research raised Kforce from a “neutral” rating to a “buy” rating in a report on Monday, November 6th. Robert W. Baird reaffirmed a “buy” rating and issued a $25.00 price objective on shares of Kforce in a report on Friday, November 3rd. Zacks Investment Research lowered Kforce from a “hold” rating to a “sell” rating in a report on Saturday, October 28th. ValuEngine raised Kforce from a “hold” rating to a “buy” rating in a report on Friday, October 27th. Finally, SunTrust Banks lowered Kforce from a “buy” rating to a “hold” rating and lowered their price objective for the company from $23.00 to $22.00 in a report on Wednesday, October 11th. Two 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 company currently has an average rating of “Hold” and a consensus price target of $24.20.
Several large investors have recently made changes to their positions in the company. California Public Employees Retirement System boosted its stake in shares of Kforce by 3.0% during the 3rd quarter. California Public Employees Retirement System now owns 119,477 shares of the business services provider’s stock worth $2,413,000 after acquiring an additional 3,477 shares in the last quarter. Royce & Associates LP boosted its stake in shares of Kforce by 9.1% during the 3rd quarter. Royce & Associates LP now owns 248,374 shares of the business services provider’s stock worth $5,017,000 after acquiring an additional 20,700 shares in the last quarter. Envestnet Asset Management Inc. boosted its stake in shares of Kforce by 18.8% during the 3rd quarter. Envestnet Asset Management Inc. now owns 19,487 shares of the business services provider’s stock worth $394,000 after acquiring an additional 3,078 shares in the last quarter. KBC Group NV boosted its stake in shares of Kforce by 44.8% during the 3rd quarter. KBC Group NV now owns 19,631 shares of the business services provider’s stock worth $397,000 after acquiring an additional 6,077 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. boosted its stake in shares of Kforce by 11.8% during the 3rd quarter. Schwab Charles Investment Management Inc. now owns 262,113 shares of the business services provider’s stock worth $5,295,000 after acquiring an additional 27,744 shares in the last quarter. 79.05% of the stock is currently owned by institutional investors and hedge funds.
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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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