Kforce Inc. (KFRC) Given Average Recommendation of “Hold” by Brokerages

Kforce Inc. (NASDAQ:KFRC) has earned a consensus recommendation of “Hold” from the seven analysts that are covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $41.40.

KFRC has been the topic of a number of recent research reports. BidaskClub downgraded shares of Kforce from a “strong-buy” rating to a “buy” rating in a report on Wednesday, September 12th. Robert W. Baird reiterated a “buy” rating and issued a $45.00 price objective on shares of Kforce in a report on Thursday, August 2nd. Zacks Investment Research upgraded shares of Kforce from a “hold” rating to a “buy” rating and set a $47.00 price objective on the stock in a report on Saturday, August 4th. SunTrust Banks lifted their price objective on shares of Kforce to $44.00 and gave the company a “hold” rating in a report on Thursday, August 2nd. Finally, Credit Suisse Group began coverage on shares of Kforce in a research note on Friday, August 10th. They issued a “neutral” rating and a $38.00 target price for the company.

In related news, SVP Jeffrey B. Hackman sold 1,000 shares of the firm’s stock in a transaction on Thursday, July 26th. The shares were sold at an average price of $38.00, for a total value of $38,000.00. Following the completion of the transaction, the senior vice president now directly owns 40,858 shares of the company’s stock, valued at $1,552,604. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Ralph Struzziero sold 1,500 shares of the firm’s stock in a transaction on Tuesday, August 7th. The shares were sold at an average price of $42.95, for a total transaction of $64,425.00. The disclosure for this sale can be found here. Insiders sold 95,955 shares of company stock valued at $3,989,995 over the last three months. 13.30% of the stock is owned by company insiders.

A number of hedge funds have recently added to or reduced their stakes in KFRC. BlackRock Inc. boosted its position in Kforce by 29.4% during the second quarter. BlackRock Inc. now owns 2,070,717 shares of the business services provider’s stock worth $71,027,000 after purchasing an additional 471,012 shares during the period. Fuller & Thaler Asset Management Inc. bought a new position in Kforce during the second quarter worth $6,867,000. Acadian Asset Management LLC boosted its position in Kforce by 80.2% during the second quarter. Acadian Asset Management LLC now owns 352,976 shares of the business services provider’s stock worth $12,106,000 after purchasing an additional 157,123 shares during the period. Royce & Associates LP boosted its position in Kforce by 32.4% during the second quarter. Royce & Associates LP now owns 637,636 shares of the business services provider’s stock worth $21,871,000 after purchasing an additional 156,117 shares during the period. Finally, American Century Companies Inc. bought a new position in Kforce during the second quarter worth $4,098,000. 79.66% of the stock is owned by hedge funds and other institutional investors.

Shares of NASDAQ KFRC traded down $0.59 during midday trading on Friday, reaching $34.52. The company’s stock had a trading volume of 4,383 shares, compared to its average volume of 187,627. The company has a quick ratio of 2.77, a current ratio of 2.77 and a debt-to-equity ratio of 0.68. Kforce has a fifty-two week low of $19.45 and a fifty-two week high of $43.51. The company has a market capitalization of $931.37 million, a PE ratio of 22.04 and a beta of 1.64.

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, beating the Zacks’ consensus estimate of $0.64 by $0.01. Kforce had a net margin of 3.00% and a return on equity of 34.52%. The company had revenue of $358.62 million for the quarter, compared to the consensus estimate of $358.07 million. During the same period last year, the company earned $0.44 earnings per share. The firm’s revenue was up 5.4% compared to the same quarter last year. As a group, sell-side analysts expect that Kforce will post 2.25 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Friday, September 21st. Investors of record on Friday, September 7th were paid a $0.18 dividend. The ex-dividend date of this dividend was Thursday, September 6th. This is a boost from Kforce’s previous quarterly dividend of $0.12. This represents a $0.72 annualized dividend and a dividend yield of 2.09%. Kforce’s dividend payout ratio (DPR) is currently 45.86%.

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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