Kye L. Mitchell Sells 15,907 Shares of Kforce Inc. (KFRC) Stock

Kforce Inc. (NASDAQ:KFRC) COO Kye L. Mitchell sold 15,907 shares of Kforce stock in a transaction on Monday, February 12th. The shares were sold at an average price of $24.65, for a total transaction of $392,107.55. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Kforce Inc. (KFRC) traded up $0.85 during midday trading on Wednesday, reaching $27.30. 196,014 shares of the company’s stock were exchanged, compared to its average volume of 118,617. 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 $651.09, a price-to-earnings ratio of 20.19 and a beta of 1.73. Kforce Inc. has a one year low of $16.75 and a one year high of $27.52.

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 $0.43 by $0.02. Kforce had a net margin of 2.45% and a return on equity of 29.84%. The company had revenue of $342.60 million for the quarter, compared to analyst estimates of $340.02 million. During the same period in the previous year, the business posted $0.36 earnings per share. Kforce’s quarterly revenue was up 5.1% on a year-over-year basis. research analysts anticipate that Kforce Inc. will post 2.13 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, March 23rd. Stockholders of record on Friday, March 9th will be paid a dividend of $0.12 per share. The ex-dividend date of this dividend is Thursday, March 8th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.76%. Kforce’s dividend payout ratio (DPR) is 36.64%.

Several institutional investors have recently modified their holdings of the company. Two Sigma Investments LP acquired a new position in shares of Kforce during the fourth quarter worth about $1,049,000. Two Sigma Advisers LP increased its stake in shares of Kforce by 16.9% during the fourth quarter. Two Sigma Advisers LP now owns 38,010 shares of the business services provider’s stock worth $960,000 after acquiring an additional 5,500 shares during the period. Goldman Sachs Group Inc. increased its stake in shares of Kforce by 77.5% during the fourth quarter. Goldman Sachs Group Inc. now owns 20,496 shares of the business services provider’s stock worth $517,000 after acquiring an additional 8,952 shares during the period. Stone Ridge Asset Management LLC acquired a new position in shares of Kforce during the fourth quarter worth about $895,000. Finally, Deutsche Bank AG increased its stake in shares of Kforce by 8.3% during the fourth quarter. Deutsche Bank AG now owns 67,228 shares of the business services provider’s stock worth $1,695,000 after acquiring an additional 5,130 shares during the period. Institutional investors and hedge funds own 78.11% of the company’s stock.

A number of research analysts have commented on KFRC shares. Zacks Investment Research lowered shares of Kforce from a “hold” rating to a “sell” rating in a research note on Saturday, October 28th. BidaskClub lowered shares of Kforce from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, December 27th. ValuEngine upgraded shares of Kforce from a “hold” rating to a “buy” rating in a research note on Friday, October 27th. Northcoast Research upgraded shares of Kforce from a “neutral” rating to a “buy” rating in a research note on Monday, November 6th. Finally, Robert W. Baird restated a “buy” rating and issued a $25.00 price objective on shares of Kforce in a research note on Friday, November 3rd. Four analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $26.50.

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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.

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

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