Kforce Inc. (KFRC) President Sells $580,467.00 in Stock

Kforce Inc. (NASDAQ:KFRC) President Joseph J. Liberatore sold 21,380 shares of the business’s stock in a transaction on Tuesday, January 9th. The shares were sold at an average price of $27.15, for a total transaction of $580,467.00. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

Shares of Kforce Inc. (NASDAQ:KFRC) opened at $26.65 on Friday. The company has a current ratio of 2.95, a quick ratio of 2.95 and a debt-to-equity ratio of 0.91. Kforce Inc. has a 1-year low of $16.75 and a 1-year high of $27.30. The stock has a market cap of $711.97, a price-to-earnings ratio of 18.18 and a beta of 1.68.

Kforce (NASDAQ:KFRC) last released its quarterly earnings results on Tuesday, October 31st. The business services provider reported $0.45 EPS for the quarter, meeting analysts’ consensus estimates of $0.45. The firm had revenue of $341.05 million during the quarter, compared to analyst estimates of $340.67 million. Kforce had a net margin of 2.71% and a return on equity of 28.83%. The business’s revenue for the quarter was up .2% on a year-over-year basis. During the same period in the previous year, the business earned $0.44 EPS. equities research analysts forecast that Kforce Inc. will post 1.5 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Friday, December 22nd. Stockholders of record on Friday, December 8th were given a dividend of $0.12 per share. The ex-dividend date of this dividend was Thursday, December 7th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.80%. Kforce’s dividend payout ratio (DPR) is currently 33.57%.

KFRC has been the topic of a number of analyst reports. Northcoast Research raised shares of Kforce from a “neutral” rating to a “buy” rating in a report on Monday, November 6th. Zacks Investment Research raised shares of Kforce from a “sell” rating to a “hold” rating in a report on Wednesday, October 4th. SunTrust Banks cut shares of Kforce from a “buy” rating to a “hold” rating and lowered their target price for the company from $23.00 to $22.00 in a report on Wednesday, October 11th. TheStreet raised shares of Kforce from a “c+” rating to a “b” rating in a report on Monday, October 2nd. Finally, BidaskClub cut shares of Kforce from a “strong-buy” rating to a “buy” rating in a report on Wednesday, December 27th. Five equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $24.83.

Several institutional investors and hedge funds have recently added to or reduced their stakes in KFRC. Schwab Charles Investment Management Inc. grew its position in shares of Kforce by 6.1% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 234,369 shares of the business services provider’s stock valued at $4,594,000 after purchasing an additional 13,533 shares in the last quarter. BNP Paribas Arbitrage SA grew its position in shares of Kforce by 612.0% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 5,340 shares of the business services provider’s stock valued at $105,000 after purchasing an additional 4,590 shares in the last quarter. Federated Investors Inc. PA grew its position in shares of Kforce by 15.5% during the 2nd quarter. Federated Investors Inc. PA now owns 20,958 shares of the business services provider’s stock valued at $411,000 after purchasing an additional 2,812 shares in the last quarter. JPMorgan Chase & Co. grew its position in shares of Kforce by 109.0% during the 2nd quarter. JPMorgan Chase & Co. now owns 204,768 shares of the business services provider’s stock valued at $4,014,000 after purchasing an additional 106,810 shares in the last quarter. Finally, LSV Asset Management grew its position in shares of Kforce by 73.7% during the 2nd quarter. LSV Asset Management now owns 344,933 shares of the business services provider’s stock valued at $6,760,000 after purchasing an additional 146,400 shares in the last quarter. Hedge funds and other institutional investors own 78.77% of the company’s stock.

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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.

Insider Buying and Selling by Quarter for Kforce (NASDAQ:KFRC)

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