StockNews.com Downgrades Kforce (NASDAQ:KFRC) to Hold

Kforce (NASDAQ:KFRC) was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating in a research note issued on Friday.

Several other equities research analysts have also recently issued reports on the stock. Truist Financial reduced their price objective on shares of Kforce from $58.00 to $50.00 and set a “hold” rating on the stock in a research report on Tuesday, April 15th. UBS Group reduced their target price on shares of Kforce from $47.00 to $40.00 and set a “neutral” rating on the stock in a research report on Wednesday.

Kforce Price Performance

NASDAQ KFRC opened at $38.69 on Friday. The stock has a market capitalization of $739.40 million, a price-to-earnings ratio of 14.44 and a beta of 0.76. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.06 and a quick ratio of 2.06. Kforce has a 1-year low of $35.50 and a 1-year high of $71.48. The business’s fifty day moving average price is $46.84 and its 200-day moving average price is $53.10.

Kforce (NASDAQ:KFRC) last announced its earnings results on Monday, April 28th. The business services provider reported $0.45 EPS for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.03). Kforce had a net margin of 3.59% and a return on equity of 30.34%. The business had revenue of $330.03 million for the quarter, compared to analysts’ expectations of $334.61 million. During the same period in the prior year, the company posted $0.58 earnings per share. The firm’s quarterly revenue was down 6.2% on a year-over-year basis. On average, equities analysts predict that Kforce will post 2.7 earnings per share for the current year.

Institutional Investors Weigh In On Kforce

Large investors have recently modified their holdings of the business. Atria Investments Inc lifted its stake in shares of Kforce by 3.1% during the fourth quarter. Atria Investments Inc now owns 7,058 shares of the business services provider’s stock worth $400,000 after buying an additional 209 shares during the period. Access Investment Management LLC raised its position in shares of Kforce by 0.7% in the fourth quarter. Access Investment Management LLC now owns 36,605 shares of the business services provider’s stock worth $2,076,000 after acquiring an additional 265 shares during the period. Blue Trust Inc. boosted its position in Kforce by 17.9% during the fourth quarter. Blue Trust Inc. now owns 1,810 shares of the business services provider’s stock worth $111,000 after purchasing an additional 275 shares in the last quarter. Exchange Traded Concepts LLC grew its stake in Kforce by 6.0% in the 4th quarter. Exchange Traded Concepts LLC now owns 5,154 shares of the business services provider’s stock valued at $292,000 after acquiring an additional 293 shares during the period. Finally, MetLife Investment Management LLC grew its position in shares of Kforce by 2.9% in the fourth quarter. MetLife Investment Management LLC now owns 11,189 shares of the business services provider’s stock valued at $634,000 after purchasing an additional 312 shares during the period. Hedge funds and other institutional investors own 92.77% of the company’s stock.

About Kforce

Kforce Inc provides professional staffing services and solutions in the United States. It operates through two segments, Technology, and Finance and Accounting (FA). The Technology segment provides talent solutions to its clients primarily in the areas of information technology, such as systems/applications architecture and development, data management and analytics, business and artificial intelligence, machine learning, project and program management, and network architecture and security.