Kforce Inc. (KFRC) Declares Quarterly Dividend of $0.12

Kforce Inc. (NASDAQ:KFRC) announced a quarterly dividend on Wednesday, February 7th, Wall Street Journal reports. Investors of record on Friday, March 9th will be paid a dividend of 0.12 per share by the business services provider on Friday, March 23rd. This represents a $0.48 dividend on an annualized basis and a yield of 1.93%. The ex-dividend date of this dividend is Thursday, March 8th.

Kforce (NASDAQ:KFRC) traded up $0.70 during midday trading on Wednesday, reaching $24.85. 230,324 shares of the company’s stock were exchanged, compared to its average volume of 83,420. 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 $657.71, a price-to-earnings ratio of 17.50 and a beta of 1.72. Kforce has a one year low of $16.75 and a one year high of $27.30.

Kforce (NASDAQ:KFRC) last posted its quarterly earnings data on Tuesday, February 6th. The business services provider reported $0.45 EPS for the quarter, beating analysts’ consensus estimates of $0.37 by $0.08. The company had revenue of $342.60 million for the quarter, compared to analyst estimates of $340.02 million. Kforce had a net margin of 2.71% and a return on equity of 28.83%. Kforce’s quarterly revenue was up 5.1% on a year-over-year basis. During the same period in the previous year, the business posted $0.36 earnings per share. research analysts anticipate that Kforce will post 1.5 EPS for the current year.

KFRC has been the topic of a number of recent research reports. Zacks Investment Research lowered shares of Kforce from a “buy” rating to a “hold” rating in a research note on Tuesday, January 9th. ValuEngine upgraded shares of Kforce from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. BidaskClub lowered shares of Kforce from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, December 27th. Northcoast Research restated a “buy” rating and issued a $33.00 price objective on shares of Kforce in a research note on Wednesday. Finally, SunTrust Banks lowered shares of Kforce from a “buy” rating to a “hold” rating and dropped their price objective for the company from $23.00 to $22.00 in a research note on Wednesday, October 11th. Five investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Kforce has an average rating of “Buy” and a consensus price target of $26.57.

In other news, Director Ralph Struzziero sold 4,500 shares of the business’s stock in a transaction dated Tuesday, December 5th. The shares were sold at an average price of $25.85, for a total transaction of $116,325.00. Following the transaction, the director now directly owns 50,764 shares in the company, valued at $1,312,249.40. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Kye L. Mitchell sold 2,550 shares of the business’s stock in a transaction dated Tuesday, November 14th. The stock was sold at an average price of $24.35, for a total transaction of $62,092.50. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 67,437 shares of company stock worth $1,786,277. Company insiders own 13.30% of the company’s stock.

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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.

Dividend History for Kforce (NASDAQ:KFRC)

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