StockNews.com Upgrades Kforce (NASDAQ:KFRC) to “Buy”

Kforce (NASDAQ:KFRC) was upgraded by equities research analysts at StockNews.com from a “hold” rating to a “buy” rating in a research report issued on Thursday.

KFRC has been the subject of a number of other reports. Sidoti upgraded shares of Kforce from a “neutral” rating to a “buy” rating and set a $71.00 price target for the company in a research report on Tuesday, October 15th. Truist Financial decreased their target price on shares of Kforce from $68.00 to $58.00 and set a “hold” rating on the stock in a report on Tuesday, October 29th. One equities research analyst has rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, Kforce currently has a consensus rating of “Moderate Buy” and an average target price of $66.67.

Kforce Stock Down 2.1 %

KFRC opened at $58.18 on Thursday. The stock’s fifty day simple moving average is $59.02 and its 200 day simple moving average is $62.00. Kforce has a 1-year low of $52.96 and a 1-year high of $74.79. The stock has a market cap of $1.11 billion, a PE ratio of 20.06 and a beta of 0.88. The company has a current ratio of 2.06, a quick ratio of 2.06 and a debt-to-equity ratio of 0.16.

Kforce (NASDAQ:KFRC) last released its quarterly earnings results on Monday, October 28th. The business services provider reported $0.75 earnings per share for the quarter, beating the consensus estimate of $0.69 by $0.06. The firm had revenue of $353.30 million for the quarter, compared to analysts’ expectations of $352.19 million. Kforce had a net margin of 3.86% and a return on equity of 33.50%. The business’s revenue was down 5.3% on a year-over-year basis. During the same period in the prior year, the firm earned $0.90 EPS. As a group, research analysts expect that Kforce will post 2.68 earnings per share for the current year.

Hedge Funds Weigh In On Kforce

Several large investors have recently bought and sold shares of KFRC. BNP Paribas Financial Markets lifted its holdings in shares of Kforce by 10.9% during the first quarter. BNP Paribas Financial Markets now owns 17,077 shares of the business services provider’s stock worth $1,204,000 after purchasing an additional 1,675 shares during the period. Sei Investments Co. grew its position in shares of Kforce by 36.1% during the 1st quarter. Sei Investments Co. now owns 45,459 shares of the business services provider’s stock worth $3,207,000 after buying an additional 12,050 shares during the period. Russell Investments Group Ltd. increased its stake in Kforce by 10.9% in the first quarter. Russell Investments Group Ltd. now owns 10,831 shares of the business services provider’s stock valued at $764,000 after purchasing an additional 1,067 shares in the last quarter. US Bancorp DE increased its position in Kforce by 5.7% in the 1st quarter. US Bancorp DE now owns 7,218 shares of the business services provider’s stock valued at $509,000 after buying an additional 388 shares in the last quarter. Finally, Avantax Advisory Services Inc. bought a new position in Kforce in the first quarter worth approximately $208,000. 92.77% of the stock is currently owned by institutional investors.

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.