Kforce (KFRC) Rating Increased to Strong-Buy at BidaskClub

BidaskClub upgraded shares of Kforce (NASDAQ:KFRC) from a buy rating to a strong-buy rating in a report issued on Tuesday morning.

KFRC has been the topic of several other research reports. ValuEngine raised Kforce from a hold rating to a buy rating in a research note on Friday, October 27th. Zacks Investment Research cut Kforce from a hold rating to a sell rating in a research note on Saturday, October 28th. Robert W. Baird reissued a buy rating and issued a $25.00 price objective on shares of Kforce in a research note on Friday, November 3rd. TheStreet raised Kforce from a c+ rating to a b rating in a research note on Monday, October 2nd. Finally, Northcoast Research raised Kforce from a neutral rating to a buy rating in a research note on Monday, November 6th. Five equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company currently has a consensus rating of Buy and a consensus target price of $24.83.

Shares of Kforce (NASDAQ KFRC) traded down $0.25 during midday trading on Tuesday, hitting $26.65. The stock had a trading volume of 56,576 shares, compared to its average volume of 95,943. The company has a debt-to-equity ratio of 0.91, a quick ratio of 2.95 and a current ratio of 2.95. Kforce has a 12-month low of $16.75 and a 12-month high of $27.30. The stock has a market capitalization of $711.97, a P/E ratio of 18.64 and a beta of 1.68.

Kforce (NASDAQ:KFRC) last announced its quarterly earnings data on Tuesday, October 31st. The business services provider reported $0.45 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.45. Kforce had a return on equity of 28.83% and a net margin of 2.71%. The company had revenue of $341.05 million for the quarter, compared to analysts’ expectations of $340.67 million. During the same quarter in the prior year, the firm earned $0.44 earnings per share. Kforce’s revenue was up .2% compared to the same quarter last year. research analysts expect that Kforce will post 1.5 EPS for the current year.

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

In other Kforce news, CFO David M. Kelly sold 15,000 shares of the stock in a transaction on Monday, November 6th. The stock was sold at an average price of $24.05, for a total transaction of $360,750.00. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director N John Simmons sold 5,000 shares of the stock in a transaction on Friday, November 3rd. The shares were sold at an average price of $23.31, for a total value of $116,550.00. The disclosure for this sale can be found here. Insiders have sold a total of 105,137 shares of company stock worth $2,686,362 in the last ninety days. Insiders own 13.30% of the company’s stock.

A number of hedge funds and other institutional investors have recently made changes to their positions in KFRC. Schwab Charles Investment Management Inc. boosted its position in 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 acquiring an additional 13,533 shares in the last quarter. BNP Paribas Arbitrage SA boosted its position in 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 acquiring an additional 4,590 shares in the last quarter. Federated Investors Inc. PA boosted its position in 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 acquiring an additional 2,812 shares in the last quarter. JPMorgan Chase & Co. boosted its position in 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 acquiring an additional 106,810 shares in the last quarter. Finally, LSV Asset Management boosted its position in 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 acquiring an additional 146,400 shares in the last quarter. 78.77% of the stock is currently owned by institutional investors and hedge funds.

COPYRIGHT VIOLATION WARNING: “Kforce (KFRC) Rating Increased to Strong-Buy at BidaskClub” was published by Markets Daily and is owned by of Markets Daily. If you are reading this story on another site, it was illegally copied and republished in violation of U.S. & international trademark and copyright legislation. The correct version of this story can be viewed at https://www.themarketsdaily.com/2018/01/13/kforce-kfrc-rating-increased-to-strong-buy-at-bidaskclub.html.

About Kforce

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.

Analyst Recommendations for Kforce (NASDAQ:KFRC)

Receive News & Ratings for Kforce Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kforce and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply