Shares of Kforce Inc. (NASDAQ:KFRC) have earned an average rating of “Hold” from the seven research firms that are currently covering the firm, Marketbeat Ratings reports. Five research analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $41.40.
Several brokerages have commented on KFRC. BidaskClub lowered shares of Kforce from a “buy” rating to a “hold” rating in a research report on Tuesday, September 25th. Credit Suisse Group began coverage on shares of Kforce in a research report on Friday, August 10th. They set a “neutral” rating and a $38.00 target price on the stock. Finally, ValuEngine lowered shares of Kforce from a “buy” rating to a “hold” rating in a research report on Thursday, November 1st.
Shares of NASDAQ KFRC opened at $31.69 on Monday. The firm has a market cap of $826.00 million, a price-to-earnings ratio of 20.18 and a beta of 1.73. Kforce has a one year low of $23.80 and a one year high of $43.51. The company has a debt-to-equity ratio of 0.49, a quick ratio of 2.66 and a current ratio of 2.66.
Kforce (NASDAQ:KFRC) last issued its earnings results on Wednesday, October 31st. The business services provider reported $0.64 EPS for the quarter, missing the consensus estimate of $0.66 by ($0.02). The company had revenue of $355.45 million for the quarter, compared to analysts’ expectations of $356.89 million. Kforce had a return on equity of 36.45% and a net margin of 3.40%. Kforce’s revenue for the quarter was up 4.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.45 earnings per share. Analysts forecast that Kforce will post 2.21 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 21st. Investors of record on Friday, December 7th will be given a $0.18 dividend. The ex-dividend date of this dividend is Thursday, December 6th. This represents a $0.72 annualized dividend and a dividend yield of 2.27%. Kforce’s dividend payout ratio is presently 45.86%.
In related news, Director Ralph Struzziero sold 9,000 shares of the business’s stock in a transaction dated Wednesday, September 19th. The shares were sold at an average price of $38.55, for a total value of $346,950.00. Following the sale, the director now directly owns 41,535 shares in the company, valued at approximately $1,601,174.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Richard M. Cocchiaro sold 11,912 shares of the business’s stock in a transaction dated Thursday, September 6th. The stock was sold at an average price of $42.55, for a total transaction of $506,855.60. The disclosure for this sale can be found here. Insiders sold a total of 46,972 shares of company stock worth $1,712,546 over the last quarter. Insiders own 13.30% of the company’s stock.
Several institutional investors have recently added to or reduced their stakes in the stock. BlackRock Inc. boosted its position in shares of Kforce by 30.1% in the 3rd quarter. BlackRock Inc. now owns 2,693,340 shares of the business services provider’s stock worth $101,271,000 after buying an additional 622,623 shares in the last quarter. Vanguard Group Inc. lifted its holdings in Kforce by 7.5% in the 3rd quarter. Vanguard Group Inc. now owns 2,262,431 shares of the business services provider’s stock valued at $85,067,000 after purchasing an additional 157,652 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in Kforce by 0.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,461,301 shares of the business services provider’s stock valued at $50,123,000 after purchasing an additional 4,460 shares in the last quarter. Royce & Associates LP lifted its holdings in Kforce by 32.4% in the 2nd quarter. Royce & Associates LP now owns 637,636 shares of the business services provider’s stock valued at $21,871,000 after purchasing an additional 156,117 shares in the last quarter. Finally, AQR Capital Management LLC lifted its holdings in Kforce by 68.4% in the 3rd quarter. AQR Capital Management LLC now owns 578,423 shares of the business services provider’s stock valued at $21,749,000 after purchasing an additional 234,919 shares in the last quarter. Institutional investors and hedge funds own 82.46% of the company’s stock.
Kforce Company Profile
Kforce Inc provides professional staffing services and solutions in the United States and internationally. It operates through Technology (Tech), Finance and Accounting (FA), and Government Solutions (GS) segments. The Tech segment provides temporary staffing and permanent placement services to its clients primarily in the areas of information technology, such as systems/applications architecture and development, project management, enterprise data management, business intelligence, artificial intelligence, machine learning, network architecture, and security.
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