Kforce Inc. (NASDAQ:KFRC) has earned an average recommendation of “Buy” from the twelve brokerages that are presently covering the stock, Marketbeat.com reports. Five investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $24.20.

Several equities research analysts have issued reports on the stock. Zacks Investment Research raised shares of Kforce from a “sell” rating to a “hold” rating in a research report on Wednesday, October 4th. TheStreet raised shares of Kforce from a “c+” rating to a “b” rating in a research report on Monday, October 2nd. SunTrust Banks cut shares of 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 research report on Wednesday, October 11th. ValuEngine raised shares of Kforce from a “hold” rating to a “buy” rating in a research report on Friday, October 27th. Finally, Robert W. Baird reissued a “buy” rating and issued a $25.00 price objective on shares of Kforce in a research report on Friday, November 3rd.

In other news, Director N John Simmons sold 5,000 shares of the company’s stock in a transaction that occurred on Friday, November 3rd. The shares were sold at an average price of $23.31, for a total value of $116,550.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, President Joseph J. Liberatore sold 21,380 shares of the company’s stock in a transaction that occurred on Tuesday, January 9th. The stock was sold at an average price of $27.15, for a total transaction of $580,467.00. The disclosure for this sale can be found here. Over the last three months, insiders sold 105,137 shares of company stock valued at $2,686,362. 13.30% of the stock is owned by corporate insiders.

Several institutional investors and hedge funds have recently made changes to their positions in KFRC. Schwab Charles Investment Management Inc. lifted its position in shares of Kforce by 6.1% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 234,369 shares of the business services provider’s stock worth $4,594,000 after purchasing an additional 13,533 shares during the period. BNP Paribas Arbitrage SA lifted its position in shares of Kforce by 612.0% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 5,340 shares of the business services provider’s stock worth $105,000 after purchasing an additional 4,590 shares during the period. Federated Investors Inc. PA lifted its position in shares of Kforce by 15.5% in the 2nd quarter. Federated Investors Inc. PA now owns 20,958 shares of the business services provider’s stock worth $411,000 after purchasing an additional 2,812 shares during the period. JPMorgan Chase & Co. lifted its position in shares of Kforce by 109.0% in the 2nd quarter. JPMorgan Chase & Co. now owns 204,768 shares of the business services provider’s stock worth $4,014,000 after purchasing an additional 106,810 shares during the period. Finally, LSV Asset Management lifted its position in shares of Kforce by 73.7% in the 2nd quarter. LSV Asset Management now owns 344,933 shares of the business services provider’s stock worth $6,760,000 after purchasing an additional 146,400 shares during the period. 78.77% of the stock is owned by hedge funds and other institutional investors.

Kforce (NASDAQ KFRC) opened at $26.90 on Friday. Kforce has a 52 week low of $16.75 and a 52 week high of $27.30. 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 company has a market cap of $711.97, a PE ratio of 18.94 and a beta of 1.68.

Kforce (NASDAQ:KFRC) last released its quarterly earnings results on Tuesday, October 31st. The business services provider reported $0.45 EPS for the quarter, hitting analysts’ consensus estimates of $0.45. Kforce had a net margin of 2.71% and a return on equity of 28.83%. The firm had revenue of $341.05 million during the quarter, compared to analysts’ expectations of $340.67 million. During the same period in the previous year, the company earned $0.44 EPS. The firm’s revenue for the quarter was up .2% compared to the same quarter last year. analysts predict that Kforce will post 1.5 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 22nd. Shareholders of record on Friday, December 8th were given a $0.12 dividend. The ex-dividend date of this dividend was Thursday, December 7th. This represents a $0.48 annualized dividend and a yield of 1.78%. Kforce’s dividend payout ratio (DPR) is 33.80%.

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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.

Analyst Recommendations for Kforce (NASDAQ:KFRC)

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