Kforce, Inc. (KFRC) CEO Sells $10,282.00 in Stock

Kforce, Inc. (NASDAQ:KFRC) CEO David L. Dunkel sold 388 shares of the business’s stock in a transaction that occurred on Friday, December 15th. The stock was sold at an average price of $26.50, for a total value of $10,282.00. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

David L. Dunkel also recently made the following trade(s):

  • On Tuesday, December 12th, David L. Dunkel sold 1,500 shares of Kforce stock. The stock was sold at an average price of $26.50, for a total value of $39,750.00.
  • On Friday, November 3rd, David L. Dunkel sold 700 shares of Kforce stock. The stock was sold at an average price of $23.55, for a total value of $16,485.00.
  • On Monday, November 6th, David L. Dunkel sold 17,000 shares of Kforce stock. The stock was sold at an average price of $23.90, for a total value of $406,300.00.

Kforce, Inc. (KFRC) traded down $0.08 on Monday, reaching $26.20. The company had a trading volume of 195,042 shares, compared to its average volume of 127,159. The company has a market cap of $695.42, a P/E ratio of 17.75 and a beta of 1.67. Kforce, Inc. has a twelve month low of $16.75 and a twelve month high of $26.95. The company has a debt-to-equity ratio of 0.91, a current ratio of 2.95 and a quick ratio of 2.95.

Kforce (NASDAQ:KFRC) last released its quarterly earnings results on Tuesday, October 31st. The business services provider reported $0.45 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.45. The business had revenue of $341.05 million during the quarter, compared to the consensus estimate of $340.67 million. Kforce had a return on equity of 28.83% and a net margin of 2.71%. The firm’s quarterly revenue was up .2% on a year-over-year basis. During the same period in the previous year, the company posted $0.44 EPS. sell-side analysts predict that Kforce, Inc. will post 1.5 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, December 22nd. Investors of record on Friday, December 8th will be paid a $0.12 dividend. The ex-dividend date of this dividend is Thursday, December 7th. This represents a $0.48 annualized dividend and a yield of 1.83%. Kforce’s dividend payout ratio (DPR) is presently 33.57%.

KFRC has been the topic of a number of recent analyst reports. Zacks Investment Research lowered Kforce from a “hold” rating to a “sell” rating in a report on Saturday, October 28th. TheStreet raised Kforce from a “c+” rating to a “b” rating in a report on Monday, October 2nd. SunTrust Banks lowered Kforce from a “buy” rating to a “hold” rating and decreased their target price for the stock from $23.00 to $22.00 in a report on Wednesday, October 11th. ValuEngine lowered Kforce from a “buy” rating to a “hold” rating in a report on Friday, September 1st. Finally, Robert W. Baird reissued a “buy” rating and set a $20.00 target price on shares of Kforce in a report on Tuesday, September 12th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and five have issued a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $24.20.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Schwab Charles Investment Management Inc. boosted its stake in Kforce by 6.1% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 234,369 shares of the business services provider’s stock valued at $4,594,000 after purchasing an additional 13,533 shares during the period. AJO LP bought a new stake in Kforce in the 2nd quarter valued at $1,828,000. IndexIQ Advisors LLC boosted its stake in Kforce by 83.2% in the 3rd quarter. IndexIQ Advisors LLC now owns 36,495 shares of the business services provider’s stock valued at $737,000 after purchasing an additional 16,569 shares during the period. Wells Fargo & Company MN boosted its stake in Kforce by 13.1% in the 2nd quarter. Wells Fargo & Company MN now owns 57,251 shares of the business services provider’s stock valued at $1,122,000 after purchasing an additional 6,632 shares during the period. Finally, Dupont Capital Management Corp boosted its stake in Kforce by 102.1% in the 2nd quarter. Dupont Capital Management Corp now owns 91,921 shares of the business services provider’s stock valued at $1,802,000 after purchasing an additional 46,446 shares during the period. Institutional investors and hedge funds own 79.05% of the company’s stock.

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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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