Kforce Inc. (KFRC) CEO David L. Dunkel Sells 6,271 Shares

Kforce Inc. (NASDAQ:KFRC) CEO David L. Dunkel sold 6,271 shares of Kforce stock in a transaction on Thursday, January 4th. The shares were sold at an average price of $27.00, for a total transaction of $169,317.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

David L. Dunkel also recently made the following trade(s):

  • On Monday, December 18th, David L. Dunkel sold 8,112 shares of Kforce stock. The stock was sold at an average price of $26.50, for a total transaction of $214,968.00.
  • On Friday, December 15th, David L. Dunkel sold 388 shares of Kforce stock. The stock was sold at an average price of $26.50, for a total transaction of $10,282.00.
  • On Tuesday, December 12th, David L. Dunkel sold 1,500 shares of Kforce stock. The stock was sold at an average price of $26.50, for a total transaction of $39,750.00.
  • On Friday, November 3rd, David L. Dunkel sold 700 shares of Kforce stock. The stock was sold at an average price of $23.55, for a total transaction of $16,485.00.
  • On Monday, November 6th, David L. Dunkel sold 17,000 shares of Kforce stock. The stock was sold at an average price of $23.90, for a total transaction of $406,300.00.

Shares of Kforce Inc. (NASDAQ KFRC) traded down $0.15 during trading hours on Friday, reaching $26.65. 131,929 shares of the company traded hands, compared to its average volume of 115,607. The company has a market cap of $693.44, a P/E 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. 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 (NASDAQ:KFRC) last issued its quarterly earnings results on Tuesday, October 31st. The business services provider reported $0.45 EPS for the quarter, meeting the consensus estimate of $0.45. The company had revenue of $341.05 million for the quarter, compared to the consensus estimate of $340.67 million. Kforce had a net margin of 2.71% and a return on equity of 28.83%. The firm’s revenue was up .2% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.44 EPS. analysts predict that Kforce Inc. will post 1.5 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Friday, December 22nd. Investors of record on Friday, December 8th were issued a dividend of $0.12 per share. The ex-dividend date was Thursday, December 7th. This represents a $0.48 annualized dividend and a yield of 1.80%. Kforce’s payout ratio is 33.57%.

A number of analysts have recently weighed in on the stock. Zacks Investment Research upgraded shares of Kforce from a “hold” rating to a “buy” rating and set a $28.00 target price on the stock in a report on Wednesday. Robert W. Baird restated a “buy” rating and issued a $20.00 target price on shares of Kforce in a report on Tuesday, September 12th. ValuEngine upgraded shares of Kforce from a “hold” rating to a “buy” rating in a report on Friday, October 27th. TheStreet upgraded shares of Kforce from a “c+” rating to a “b” rating in a report on Monday, October 2nd. Finally, SunTrust Banks downgraded shares of Kforce from a “buy” rating to a “hold” rating and reduced their target price for the stock from $23.00 to $22.00 in a report on Wednesday, October 11th. Four equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Kforce presently has a consensus rating of “Buy” and an average price target of $24.83.

A number of large investors have recently modified their holdings of the stock. California Public Employees Retirement System grew its holdings in Kforce by 0.3% during the 2nd quarter. California Public Employees Retirement System now owns 116,000 shares of the business services provider’s stock valued at $2,274,000 after purchasing an additional 400 shares during the last quarter. Brandywine Global Investment Management LLC grew its holdings in Kforce by 7.3% during the 2nd quarter. Brandywine Global Investment Management LLC now owns 14,376 shares of the business services provider’s stock valued at $282,000 after purchasing an additional 976 shares during the last quarter. Voya Investment Management LLC grew its holdings in Kforce by 13.4% during the 2nd quarter. Voya Investment Management LLC now owns 13,979 shares of the business services provider’s stock valued at $274,000 after purchasing an additional 1,653 shares during the last quarter. Broadview Advisors LLC grew its holdings in Kforce by 0.6% during the 2nd quarter. Broadview Advisors LLC now owns 363,538 shares of the business services provider’s stock valued at $7,125,000 after purchasing an additional 2,050 shares during the last quarter. Finally, Northern Trust Corp grew its holdings in Kforce by 0.4% during the 2nd quarter. Northern Trust Corp now owns 623,772 shares of the business services provider’s stock valued at $12,226,000 after purchasing an additional 2,227 shares during the last quarter. Institutional investors own 78.77% of the company’s stock.

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About Kforce

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.

Insider Buying and Selling by Quarter for Kforce (NASDAQ:KFRC)

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