Analysts Set Kforce Inc. (KFRC) PT at $24.20

Shares of Kforce Inc. (NASDAQ:KFRC) have been assigned an average recommendation of “Buy” from the ten ratings firms that are covering the firm, Marketbeat reports. Four equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $26.00.

Several equities analysts recently commented on the stock. Robert W. Baird increased their price objective on shares of Kforce from $25.00 to $28.00 and gave the company an “outperform” rating in a research note on Wednesday. Zacks Investment Research raised shares of Kforce from a “hold” rating to a “buy” rating and set a $29.00 price objective for the company in a research note on Saturday, February 3rd. ValuEngine raised shares of Kforce from a “hold” rating to a “buy” rating in a research note on Friday, October 27th. Northcoast Research raised shares of Kforce from a “neutral” rating to a “buy” rating in a research note on Monday, November 6th. Finally, BidaskClub downgraded shares of Kforce from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, January 16th.

Kforce (NASDAQ:KFRC) traded up $0.10 during midday trading on Tuesday, hitting $24.55. 111,030 shares of the company traded hands, compared to its average volume of 94,662. The company has a debt-to-equity ratio of 0.91, a current ratio of 2.95 and a quick ratio of 2.95. The firm has a market cap of $657.71, a price-to-earnings ratio of 18.66 and a beta of 1.73. Kforce has a twelve month low of $16.75 and a twelve month high of $27.30.

Kforce (NASDAQ:KFRC) last posted its quarterly earnings results on Tuesday, February 6th. The business services provider reported $0.45 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.43 by $0.02. The business had revenue of $342.60 million for the quarter, compared to analyst estimates of $340.02 million. Kforce had a net margin of 2.45% and a return on equity of 29.84%. The firm’s revenue for the quarter was up 5.1% on a year-over-year basis. During the same quarter last year, the business posted $0.36 EPS. equities research analysts predict that Kforce will post 1.85 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 23rd. Investors of record on Friday, March 9th will be paid a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 1.96%. The ex-dividend date of this dividend is Thursday, March 8th. Kforce’s payout ratio is 36.64%.

In other news, CEO David L. Dunkel sold 1,500 shares of the firm’s stock in a transaction on Tuesday, December 12th. The shares were sold at an average price of $26.50, for a total transaction of $39,750.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Kye L. Mitchell sold 2,550 shares of the firm’s stock in a transaction on Tuesday, November 14th. The shares were sold at an average price of $24.35, for a total transaction of $62,092.50. The disclosure for this sale can be found here. In the last three months, insiders sold 67,437 shares of company stock valued at $1,786,277. 13.30% of the stock is owned by insiders.

Hedge funds have recently added to or reduced their stakes in the company. Schwab Charles Investment Management Inc. raised its stake in shares of Kforce by 6.1% during the second quarter. Schwab Charles Investment Management Inc. now owns 234,369 shares of the business services provider’s stock valued at $4,594,000 after acquiring an additional 13,533 shares during the last quarter. IndexIQ Advisors LLC raised its stake in shares of Kforce by 83.2% during the third quarter. IndexIQ Advisors LLC now owns 36,495 shares of the business services provider’s stock valued at $737,000 after acquiring an additional 16,569 shares during the last quarter. Wells Fargo & Company MN raised its stake in shares of Kforce by 13.1% during the second quarter. Wells Fargo & Company MN now owns 57,251 shares of the business services provider’s stock valued at $1,122,000 after acquiring an additional 6,632 shares during the last quarter. Vanguard Group Inc. raised its stake in shares of Kforce by 1.7% during the second quarter. Vanguard Group Inc. now owns 2,067,198 shares of the business services provider’s stock valued at $40,517,000 after acquiring an additional 33,998 shares during the last quarter. Finally, Deprince Race & Zollo Inc. raised its stake in shares of Kforce by 4.4% during the third quarter. Deprince Race & Zollo Inc. now owns 747,427 shares of the business services provider’s stock valued at $15,098,000 after acquiring an additional 31,768 shares during the last quarter. 78.70% of the stock is owned by hedge funds and other institutional investors.

TRADEMARK VIOLATION WARNING: “Analysts Set Kforce Inc. (KFRC) PT at $24.20” was originally reported by Sports Perspectives and is the property of of Sports Perspectives. If you are reading this story on another site, it was copied illegally and republished in violation of U.S. & international copyright & trademark laws. The correct version of this story can be viewed at https://sportsperspectives.com/2018/02/09/analysts-set-kforce-inc-kfrc-pt-at-24-20.html.

About Kforce

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.

Analyst Recommendations for Kforce (NASDAQ:KFRC)

Receive News & Ratings for Kforce Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kforce and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply