Kforce, Inc. (NASDAQ:KFRC) Director Ralph Struzziero sold 1,000 shares of the stock in a transaction dated Monday, September 11th. The shares were sold at an average price of $18.26, for a total value of $18,260.00. Following the transaction, the director now directly owns 57,264 shares in the company, valued at approximately $1,045,640.64. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.
Kforce, Inc. (NASDAQ KFRC) traded up 1.09% during mid-day trading on Tuesday, reaching $18.50. The company’s stock had a trading volume of 57,795 shares. The company has a 50 day moving average of $18.08 and a 200-day moving average of $20.34. The stock has a market cap of $467.87 million, a PE ratio of 13.48 and a beta of 1.56. Kforce, Inc. has a 52-week low of $15.95 and a 52-week high of $26.95.
Kforce (NASDAQ:KFRC) last released its earnings results on Tuesday, August 1st. The business services provider reported $0.44 earnings per share for the quarter, missing the consensus estimate of $0.46 by ($0.02). Kforce had a return on equity of 29.67% and a net margin of 2.64%. The business had revenue of $340.31 million for the quarter, compared to the consensus estimate of $345.24 million. During the same quarter in the previous year, the company earned $0.41 earnings per share. The firm’s revenue for the quarter was up 1.6% on a year-over-year basis. Equities analysts forecast that Kforce, Inc. will post $1.51 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 22nd. Shareholders of record on Friday, September 8th will be paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 2.59%. The ex-dividend date of this dividend is Thursday, September 7th. Kforce’s payout ratio is presently 35.04%.
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Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. BNP Paribas Arbitrage SA lifted its stake in Kforce by 612.0% during the second quarter. BNP Paribas Arbitrage SA now owns 5,340 shares of the business services provider’s stock worth $105,000 after purchasing an additional 4,590 shares during the last quarter. FNY Managed Accounts LLC lifted its stake in shares of Kforce by 117.8% in the 2nd quarter. FNY Managed Accounts LLC now owns 5,445 shares of the business services provider’s stock valued at $106,000 after acquiring an additional 2,945 shares during the last quarter. TFS Capital LLC lifted its stake in shares of Kforce by 13.8% in the 1st quarter. TFS Capital LLC now owns 10,964 shares of the business services provider’s stock valued at $260,000 after acquiring an additional 1,331 shares during the last quarter. Dubuque Bank & Trust Co. lifted its stake in shares of Kforce by 22.7% in the 2nd quarter. Dubuque Bank & Trust Co. now owns 11,665 shares of the business services provider’s stock valued at $229,000 after acquiring an additional 2,158 shares during the last quarter. Finally, AXA bought a new position in shares of Kforce in the 2nd quarter valued at $261,000. Hedge funds and other institutional investors own 78.46% of the company’s stock.
A number of research analysts have recently commented on the company. ValuEngine lowered Kforce from a “buy” rating to a “hold” rating in a report on Friday, September 1st. Zacks Investment Research lowered Kforce from a “hold” rating to a “sell” rating in a report on Thursday, August 3rd. Deutsche Bank AG lowered their price objective on Kforce from $25.00 to $22.00 and set a “hold” rating on the stock in a report on Wednesday, August 2nd. BidaskClub lowered Kforce from a “sell” rating to a “strong sell” rating in a report on Wednesday, August 2nd. Finally, TheStreet lowered Kforce from a “b-” rating to a “c+” rating in a report on Wednesday, May 31st. Two research analysts have rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $25.25.
Kforce Company Profile
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.
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