Kforce Inc. (NASDAQ:KFRC) insider Michael R. Blackman sold 442 shares of the business’s stock in a transaction on Wednesday, January 3rd. The shares were sold at an average price of $25.95, for a total value of $11,469.90. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.
Kforce Inc. (NASDAQ:KFRC) traded down $0.15 during trading on Friday, reaching $26.65. The company’s stock had a trading volume of 131,929 shares, compared to its average volume of 115,600. The company has a current ratio of 2.95, a quick ratio of 2.95 and a debt-to-equity ratio of 0.91. The firm has a market capitalization of $693.44, a price-to-earnings ratio of 18.64 and a beta of 1.68. Kforce Inc. has a one year low of $16.75 and a one year high of $27.05.
Kforce (NASDAQ:KFRC) last posted its quarterly earnings data on Tuesday, October 31st. The business services provider reported $0.45 EPS for the quarter, hitting analysts’ consensus estimates of $0.45. The company 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 business’s revenue was up .2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.44 earnings per share. equities analysts forecast that Kforce Inc. will post 1.5 EPS for the current year.
A number of institutional investors have recently bought and sold shares of KFRC. Schwab Charles Investment Management Inc. lifted its stake in shares of Kforce by 6.1% during the second quarter. Schwab Charles Investment Management Inc. now owns 234,369 shares of the business services provider’s stock valued at $4,594,000 after acquiring an additional 13,533 shares during the period. BNP Paribas Arbitrage SA lifted its stake in shares of 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 acquiring an additional 4,590 shares during the period. KBC Group NV acquired a new position in shares of Kforce during the second quarter valued at $266,000. Federated Investors Inc. PA lifted its stake in shares of Kforce by 15.5% during the second quarter. Federated Investors Inc. PA now owns 20,958 shares of the business services provider’s stock valued at $411,000 after acquiring an additional 2,812 shares during the period. Finally, Royce & Associates LP lifted its stake in shares of Kforce by 9.6% during the second quarter. Royce & Associates LP now owns 227,674 shares of the business services provider’s stock valued at $4,462,000 after acquiring an additional 20,000 shares during the period. 78.77% of the stock is currently owned by institutional investors.
Several analysts recently commented on the company. Zacks Investment Research raised Kforce from a “hold” rating to a “buy” rating and set a $28.00 price target on the stock in a research note on Wednesday. Robert W. Baird reissued a “buy” rating and issued a $20.00 price objective on shares of Kforce in a research note on Tuesday, September 12th. ValuEngine raised Kforce from a “hold” rating to a “buy” rating in a research note on Friday, October 27th. TheStreet raised Kforce from a “c+” rating to a “b” rating in a research note on Monday, October 2nd. Finally, SunTrust Banks lowered Kforce from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $23.00 to $22.00 in a research note on Wednesday, October 11th. Four equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $24.83.
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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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