Kforce Inc. (NASDAQ:KFRC) Receives Consensus Recommendation of “Hold” from Analysts

Kforce Inc. (NASDAQ:KFRC) has been given a consensus rating of “Hold” by the four ratings firms that are covering the stock, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $68.00.

Separately, Robert W. Baird decreased their target price on Kforce from $72.00 to $71.00 and set an “outperform” rating on the stock in a research report on Tuesday, April 30th.

Insiders Place Their Bets

In other news, CEO Joseph J. Liberatore sold 6,638 shares of the company’s stock in a transaction on Thursday, June 13th. The stock was sold at an average price of $62.02, for a total value of $411,688.76. Following the sale, the chief executive officer now directly owns 213,689 shares in the company, valued at $13,252,991.78. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, CEO Joseph J. Liberatore sold 6,638 shares of the business’s stock in a transaction that occurred on Thursday, June 13th. The shares were sold at an average price of $62.02, for a total value of $411,688.76. Following the completion of the transaction, the chief executive officer now owns 213,689 shares of the company’s stock, valued at $13,252,991.78. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Mark F. Furlong sold 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 28th. The stock was sold at an average price of $61.70, for a total transaction of $308,500.00. Following the sale, the director now owns 26,297 shares in the company, valued at approximately $1,622,524.90. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 16,439 shares of company stock valued at $1,015,114. Corporate insiders own 5.30% of the company’s stock.

Institutional Investors Weigh In On Kforce

Hedge funds and other institutional investors have recently made changes to their positions in the business. Franklin Resources Inc. boosted its stake in Kforce by 4.2% in the 4th quarter. Franklin Resources Inc. now owns 999,557 shares of the business services provider’s stock worth $67,530,000 after buying an additional 40,527 shares during the last quarter. Vaughan Nelson Investment Management L.P. grew its holdings in Kforce by 14.6% in the first quarter. Vaughan Nelson Investment Management L.P. now owns 732,868 shares of the business services provider’s stock valued at $51,682,000 after purchasing an additional 93,180 shares during the period. Wells Fargo & Company MN increased its position in Kforce by 0.9% during the fourth quarter. Wells Fargo & Company MN now owns 291,159 shares of the business services provider’s stock worth $19,671,000 after purchasing an additional 2,628 shares during the last quarter. Victory Capital Management Inc. raised its stake in Kforce by 1.5% during the fourth quarter. Victory Capital Management Inc. now owns 199,533 shares of the business services provider’s stock worth $13,480,000 after purchasing an additional 2,941 shares during the period. Finally, Natixis Advisors L.P. boosted its holdings in shares of Kforce by 10.0% in the 4th quarter. Natixis Advisors L.P. now owns 111,386 shares of the business services provider’s stock valued at $7,524,000 after purchasing an additional 10,100 shares during the last quarter. Hedge funds and other institutional investors own 92.77% of the company’s stock.

Kforce Price Performance

Shares of NASDAQ KFRC opened at $62.08 on Friday. The company has a debt-to-equity ratio of 0.25, a quick ratio of 2.32 and a current ratio of 2.32. Kforce has a one year low of $53.75 and a one year high of $74.79. The firm has a market capitalization of $1.21 billion, a P/E ratio of 21.48 and a beta of 0.89. The company’s fifty day moving average is $62.41 and its two-hundred day moving average is $65.94.

Kforce (NASDAQ:KFRC) last released its quarterly earnings data on Monday, April 29th. The business services provider reported $0.58 EPS for the quarter, hitting analysts’ consensus estimates of $0.58. Kforce had a net margin of 3.78% and a return on equity of 36.39%. The firm had revenue of $351.89 million for the quarter, compared to the consensus estimate of $354.92 million. During the same quarter in the previous year, the firm earned $0.82 earnings per share. The firm’s revenue was down 13.3% on a year-over-year basis. Analysts forecast that Kforce will post 2.82 EPS for the current fiscal year.

Kforce Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Friday, June 14th were issued a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a yield of 2.45%. The ex-dividend date was Friday, June 14th. Kforce’s dividend payout ratio (DPR) is presently 52.60%.

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.