Kforce, Inc. (NASDAQ:KFRC) Director Ralph Struzziero sold 1,000 shares of the firm’s stock in a transaction that occurred on Monday, September 11th. The shares were sold at an average price of $18.26, for a total transaction of $18,260.00. Following the completion of the sale, the director now directly owns 57,264 shares in the company, valued at approximately $1,045,640.64. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Kforce, Inc. (NASDAQ:KFRC) opened at 18.50 on Wednesday. The firm has a 50-day moving average of $18.08 and a 200 day moving average of $20.34. The stock has a market capitalization of $467.87 million, a price-to-earnings ratio of 13.48 and a beta of 1.56. Kforce, Inc. has a 52 week low of $15.95 and a 52 week high of $26.95.
Kforce (NASDAQ:KFRC) last released its quarterly earnings results on Tuesday, August 1st. The business services provider reported $0.44 EPS for the quarter, missing the consensus estimate of $0.46 by ($0.02). The company had revenue of $340.31 million for the quarter, compared to analyst estimates of $345.24 million. Kforce had a return on equity of 29.67% and a net margin of 2.64%. The business’s revenue was up 1.6% on a year-over-year basis. During the same period last year, the firm posted $0.41 earnings per share. On average, analysts anticipate that Kforce, Inc. will post $1.51 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 22nd. Shareholders of record on Friday, September 8th will be given a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.59%. The ex-dividend date of this dividend is Thursday, September 7th. Kforce’s payout ratio is 35.04%.
Institutional investors and hedge funds have recently made changes to their positions in the business. BNP Paribas Arbitrage SA raised 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 valued at $105,000 after purchasing an additional 4,590 shares in the last quarter. FNY Managed Accounts LLC raised its position in shares of Kforce by 117.8% in the 2nd quarter. FNY Managed Accounts LLC now owns 5,445 shares of the business services provider’s stock valued at $106,000 after purchasing an additional 2,945 shares in the last quarter. TFS Capital LLC raised its position in shares of Kforce by 13.8% in the 1st quarter. TFS Capital LLC now owns 10,964 shares of the business services provider’s stock valued at $260,000 after purchasing an additional 1,331 shares in the last quarter. Dubuque Bank & Trust Co. raised its position in shares of Kforce by 22.7% in the 2nd quarter. Dubuque Bank & Trust Co. now owns 11,665 shares of the business services provider’s stock valued at $229,000 after purchasing an additional 2,158 shares in the last quarter. Finally, AXA acquired a new position in shares of Kforce in the 2nd quarter valued at approximately $261,000. 78.46% of the stock is currently owned by institutional investors.
KFRC has been the topic of several analyst reports. Robert W. Baird reaffirmed a “buy” rating and issued a $20.00 target price on shares of Kforce in a report on Tuesday. ValuEngine raised shares of Kforce from a “hold” rating to a “buy” rating in a report on Tuesday, June 27th. TheStreet cut shares of Kforce from a “b-” rating to a “c+” rating in a report on Wednesday, May 31st. Deutsche Bank AG reduced their target price on shares of Kforce from $25.00 to $22.00 and set a “hold” rating on the stock in a report on Wednesday, August 2nd. Finally, BidaskClub cut shares of Kforce from a “buy” rating to a “hold” rating in a report on Saturday, July 8th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $24.20.
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.
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