Kforce Inc. (NASDAQ:KFRC) Director Richard M. Cocchiaro sold 1,019 shares of the firm’s stock in a transaction dated Friday, August 31st. The shares were sold at an average price of $42.50, for a total transaction of $43,307.50. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.
Shares of KFRC traded down $0.55 on Friday, reaching $41.90. The company’s stock had a trading volume of 189,000 shares, compared to its average volume of 163,860. The company has a current ratio of 2.77, a quick ratio of 2.77 and a debt-to-equity ratio of 0.68. The company has a market cap of $1.11 billion, a price-to-earnings ratio of 26.69 and a beta of 1.64. Kforce Inc. has a 12-month low of $17.56 and a 12-month high of $43.51.
Kforce (NASDAQ:KFRC) last posted its quarterly earnings data on Wednesday, August 1st. The business services provider reported $0.65 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.64 by $0.01. The company had revenue of $358.62 million for the quarter, compared to the consensus estimate of $358.07 million. Kforce had a net margin of 3.00% and a return on equity of 34.52%. The firm’s revenue was up 5.4% compared to the same quarter last year. During the same quarter last year, the firm posted $0.44 earnings per share. analysts predict that Kforce Inc. will post 2.25 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 21st. Investors of record on Friday, September 7th will be issued a $0.18 dividend. This is an increase from Kforce’s previous quarterly dividend of $0.12. The ex-dividend date of this dividend is Thursday, September 6th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.72%. Kforce’s dividend payout ratio (DPR) is presently 45.86%.
A number of analysts have recently issued reports on the stock. Robert W. Baird reaffirmed a “buy” rating and set a $45.00 price target on shares of Kforce in a report on Thursday, August 2nd. Zacks Investment Research downgraded shares of Kforce from a “buy” rating to a “hold” rating in a report on Wednesday, July 4th. Credit Suisse Group assumed coverage on shares of Kforce in a report on Friday, August 10th. They set a “neutral” rating and a $38.00 price target on the stock. BidaskClub raised shares of Kforce from a “hold” rating to a “buy” rating in a report on Friday, June 1st. Finally, SunTrust Banks raised their price objective on shares of Kforce to $44.00 and gave the stock a “hold” rating in a report on Thursday, August 2nd. Three equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $41.40.
Institutional investors and hedge funds have recently bought and sold shares of the stock. Mount Yale Investment Advisors LLC purchased a new position in shares of Kforce in the first quarter worth approximately $122,000. Citigroup Inc. boosted its holdings in shares of Kforce by 84.0% in the first quarter. Citigroup Inc. now owns 6,848 shares of the business services provider’s stock worth $185,000 after buying an additional 3,127 shares during the last quarter. Meeder Asset Management Inc. boosted its holdings in shares of Kforce by 207.9% in the second quarter. Meeder Asset Management Inc. now owns 5,567 shares of the business services provider’s stock worth $191,000 after buying an additional 3,759 shares during the last quarter. Verition Fund Management LLC purchased a new position in shares of Kforce in the first quarter worth approximately $203,000. Finally, Koch Industries Inc. purchased a new position in shares of Kforce in the first quarter worth approximately $206,000. 79.75% of the stock is currently owned by institutional investors.
Kforce Company Profile
Kforce Inc provides professional staffing services and solutions in the United States and internationally. It operates through Technology (Tech), Finance and Accounting (FA), and Government Solutions (GS) segments. The Tech segment provides temporary staffing and permanent placement services to its clients primarily in the areas of information technology, such as systems/applications architecture and development, project management, enterprise data management, business intelligence, artificial intelligence, machine learning, network architecture, and security.
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