Kforce Inc. (NASDAQ:KFRC) COO Kye L. Mitchell sold 15,907 shares of Kforce stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $24.65, for a total value of $392,107.55. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.
Kforce Inc. (KFRC) traded up $0.85 during trading hours on Thursday, reaching $27.30. The company’s stock had a trading volume of 196,000 shares, compared to its average volume of 116,972. Kforce Inc. has a twelve month low of $16.75 and a twelve month high of $27.75. The company has a quick ratio of 2.95, a current ratio of 2.95 and a debt-to-equity ratio of 0.91. The company has a market capitalization of $700.06, a price-to-earnings ratio of 20.76 and a beta of 1.73.
Kforce (NASDAQ:KFRC) last released its quarterly earnings results on Tuesday, February 6th. The business services provider reported $0.45 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.43 by $0.02. Kforce had a return on equity of 29.84% and a net margin of 2.45%. The business had revenue of $342.60 million during the quarter, compared to analyst estimates of $340.02 million. During the same quarter in the previous year, the company posted $0.36 earnings per share. Kforce’s revenue for the quarter was up 5.1% on a year-over-year basis. equities analysts anticipate that Kforce Inc. will post 2.13 earnings per share for the current year.
A number of analysts recently commented on KFRC shares. ValuEngine upgraded Kforce from a “hold” rating to a “buy” rating in a research report on Friday, October 27th. Zacks Investment Research cut Kforce from a “hold” rating to a “sell” rating in a research report on Saturday, October 28th. Robert W. Baird reiterated a “buy” rating and set a $25.00 price objective on shares of Kforce in a research report on Friday, November 3rd. Northcoast Research upgraded Kforce from a “neutral” rating to a “buy” rating in a research report on Monday, November 6th. Finally, BidaskClub cut Kforce from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, December 27th. Four analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $26.50.
Large investors have recently added to or reduced their stakes in the business. IndexIQ Advisors LLC grew its holdings in Kforce by 83.2% during the third quarter. IndexIQ Advisors LLC now owns 36,495 shares of the business services provider’s stock valued at $737,000 after purchasing an additional 16,569 shares during the period. Wells Fargo & Company MN boosted its position in Kforce by 13.1% during the 2nd quarter. Wells Fargo & Company MN now owns 57,251 shares of the business services provider’s stock valued at $1,122,000 after acquiring an additional 6,632 shares in the last quarter. Vanguard Group Inc. boosted its position in Kforce by 1.7% during the 2nd quarter. Vanguard Group Inc. now owns 2,067,198 shares of the business services provider’s stock valued at $40,517,000 after acquiring an additional 33,998 shares in the last quarter. Deprince Race & Zollo Inc. boosted its position in Kforce by 4.4% during the 3rd quarter. Deprince Race & Zollo Inc. now owns 747,427 shares of the business services provider’s stock valued at $15,098,000 after acquiring an additional 31,768 shares in the last quarter. Finally, Macquarie Group Ltd. boosted its position in Kforce by 22.2% during the 3rd quarter. Macquarie Group Ltd. now owns 1,387,703 shares of the business services provider’s stock valued at $28,032,000 after acquiring an additional 251,643 shares in the last quarter. 78.11% of the stock is owned by institutional investors and hedge funds.
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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