Kforce (NASDAQ:KFRC) Stock Rating Lowered by StockNews.com

Kforce (NASDAQ:KFRCGet Free Report) was downgraded by stock analysts at StockNews.com from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Thursday.

A number of other equities analysts have also recently issued reports on KFRC. Truist Financial dropped their price target on shares of Kforce from $68.00 to $58.00 and set a “hold” rating on the stock in a research note on Tuesday. Sidoti upgraded shares of Kforce from a “neutral” rating to a “buy” rating and set a $71.00 price target on the stock in a research note on Tuesday, October 15th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $65.75.

Check Out Our Latest Stock Analysis on Kforce

Kforce Stock Down 3.4 %

NASDAQ:KFRC opened at $55.85 on Thursday. The firm’s 50-day moving average price is $60.11 and its 200-day moving average price is $62.30. The company has a market capitalization of $1.08 billion, a PE ratio of 19.26 and a beta of 0.87. The company has a debt-to-equity ratio of 0.22, a current ratio of 2.33 and a quick ratio of 2.33. Kforce has a 1-year low of $52.96 and a 1-year high of $74.79.

Kforce (NASDAQ:KFRCGet Free Report) last released its earnings results on Monday, October 28th. The business services provider reported $0.75 earnings per share for the quarter, topping analysts’ consensus estimates of $0.69 by $0.06. The firm had revenue of $353.30 million for the quarter, compared to the consensus estimate of $352.19 million. Kforce had a net margin of 3.86% and a return on equity of 33.70%. The company’s revenue was down 5.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.90 EPS. On average, equities analysts predict that Kforce will post 2.68 EPS for the current fiscal year.

Hedge Funds Weigh In On Kforce

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Blue Trust Inc. lifted its stake in Kforce by 59.9% during the 2nd quarter. Blue Trust Inc. now owns 427 shares of the business services provider’s stock valued at $27,000 after acquiring an additional 160 shares during the period. Kathleen S. Wright Associates Inc. bought a new position in Kforce during the 3rd quarter valued at about $30,000. nVerses Capital LLC lifted its stake in Kforce by 50.0% during the 2nd quarter. nVerses Capital LLC now owns 900 shares of the business services provider’s stock valued at $56,000 after acquiring an additional 300 shares during the period. Canada Pension Plan Investment Board purchased a new stake in shares of Kforce during the 2nd quarter valued at about $68,000. Finally, Benjamin F. Edwards & Company Inc. increased its position in shares of Kforce by 96.0% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 1,313 shares of the business services provider’s stock valued at $82,000 after purchasing an additional 643 shares during the last quarter. Institutional investors own 92.77% of the company’s stock.

Kforce Company Profile

(Get Free Report)

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.

Further Reading

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