Kforce, Inc. (NASDAQ:KFRC) – Stock analysts at Northcoast Research reduced their Q4 2017 EPS estimates for Kforce in a research report issued on Monday. Northcoast Research analyst J. Healy now anticipates that the business services provider will post earnings of $0.42 per share for the quarter, down from their prior estimate of $0.43. Northcoast Research currently has a “Buy” rating on the stock.
Kforce (NASDAQ:KFRC) last posted its earnings results on Tuesday, October 31st. The business services provider reported $0.45 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.45. The business had revenue of $341.05 million during the quarter, compared to analyst estimates of $340.67 million. Kforce had a return on equity of 28.83% and a net margin of 2.71%. The company’s quarterly revenue was up .2% compared to the same quarter last year. During the same quarter last year, the company earned $0.44 EPS.
Several other brokerages have also commented on KFRC. Robert W. Baird reaffirmed a “buy” rating and issued a $25.00 price objective on shares of Kforce in a report on Friday, November 3rd. Zacks Investment Research lowered Kforce from a “hold” rating to a “sell” rating in a report on Saturday, October 28th. ValuEngine raised Kforce from a “hold” rating to a “buy” rating in a report on Friday, October 27th. SunTrust Banks, Inc. lowered Kforce from a “buy” rating to a “hold” rating and cut their price objective for the stock from $23.00 to $22.00 in a report on Wednesday, October 11th. Finally, TheStreet raised Kforce from a “c+” rating to a “b” rating in a report on Monday, October 2nd. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and five have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $24.20.
Kforce (NASDAQ:KFRC) traded down $0.25 during trading on Tuesday, hitting $23.75. The company’s stock had a trading volume of 39,061 shares, compared to its average volume of 116,935. The company has a market cap of $643.16, a price-to-earnings ratio of 16.42 and a beta of 1.57. Kforce has a twelve month low of $16.30 and a twelve month high of $26.95. 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 company also recently disclosed a quarterly dividend, which will be paid on Friday, December 22nd. Investors of record on Friday, December 8th will be issued a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 2.02%. The ex-dividend date of this dividend is Thursday, December 7th. Kforce’s payout ratio is currently 33.57%.
In other Kforce news, COO Kye L. Mitchell sold 5,000 shares of the business’s stock in a transaction dated Thursday, September 7th. The stock was sold at an average price of $17.99, for a total transaction of $89,950.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO David M. Kelly sold 15,000 shares of the business’s stock in a transaction dated Monday, November 6th. The shares were sold at an average price of $24.05, for a total value of $360,750.00. The disclosure for this sale can be found here. Insiders sold 43,700 shares of company stock valued at $1,008,295 in the last ninety days. 13.30% of the stock is currently owned by corporate insiders.
A number of large investors have recently added to or reduced their stakes in KFRC. Macquarie Group Ltd. grew its holdings in Kforce by 22.2% during the third quarter. Macquarie Group Ltd. now owns 1,387,703 shares of the business services provider’s stock valued at $28,032,000 after purchasing an additional 251,643 shares during the period. Investment Counselors of Maryland LLC lifted its position in shares of Kforce by 27.8% in the second quarter. Investment Counselors of Maryland LLC now owns 1,004,771 shares of the business services provider’s stock valued at $19,694,000 after acquiring an additional 218,650 shares in the last quarter. Opus Capital Group LLC lifted its position in shares of Kforce by 1,309.7% in the second quarter. Opus Capital Group LLC now owns 210,493 shares of the business services provider’s stock valued at $4,126,000 after acquiring an additional 195,561 shares in the last quarter. Citadel Advisors LLC purchased a new position in shares of Kforce in the second quarter valued at about $3,435,000. Finally, Deprince Race & Zollo Inc. lifted its position in shares of Kforce by 28.1% in the second quarter. Deprince Race & Zollo Inc. now owns 715,659 shares of the business services provider’s stock valued at $14,027,000 after acquiring an additional 157,134 shares in the last quarter. 78.40% of the stock is owned by institutional investors and hedge funds.
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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