Kforce Inc. (NASDAQ:KFRC) Receives Consensus Recommendation of “Hold” from Brokerages

Shares of Kforce Inc. (NASDAQ:KFRC) have been given an average rating of “Hold” by the four brokerages that are covering the company, MarketBeat Ratings reports. Three analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $68.00.

Separately, StockNews.com raised Kforce from a “hold” rating to a “buy” rating in a research note on Thursday, August 1st.

Kforce Price Performance

Shares of KFRC stock opened at $65.59 on Monday. The company has a debt-to-equity ratio of 0.22, a current ratio of 2.33 and a quick ratio of 2.33. The company has a market capitalization of $1.28 billion, a PE ratio of 22.70 and a beta of 0.89. The firm’s 50-day moving average is $64.43 and its two-hundred day moving average is $65.28. Kforce has a 12 month low of $55.55 and a 12 month high of $74.79.

Kforce (NASDAQ:KFRC) last released its quarterly earnings results on Monday, July 29th. The business services provider reported $0.75 EPS for the quarter, beating the consensus estimate of $0.73 by $0.02. The firm had revenue of $356.32 million for the quarter, compared to analyst estimates of $356.20 million. Kforce had a net margin of 3.56% and a return on equity of 34.89%. The business’s revenue for the quarter was down 8.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.95 EPS. Analysts predict that Kforce will post 2.7 earnings per share for the current year.

Kforce Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 27th. Stockholders of record on Friday, September 13th will be paid a $0.38 dividend. The ex-dividend date of this dividend is Friday, September 13th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 2.32%. Kforce’s payout ratio is presently 52.60%.

Insider Buying and Selling at Kforce

In other Kforce news, CEO Joseph J. Liberatore sold 6,638 shares of the stock in a transaction that occurred on Thursday, June 13th. The shares were sold at an average price of $62.02, for a total transaction of $411,688.76. Following the sale, the chief executive officer now directly owns 213,689 shares in the company, valued at approximately $13,252,991.78. The transaction was disclosed in a document filed with the SEC, which is available through this link. In other news, insider Andrew G. Thomas sold 4,801 shares of the company’s stock in a transaction dated Tuesday, June 4th. The stock was sold at an average price of $61.43, for a total transaction of $294,925.43. Following the completion of the transaction, the insider now directly owns 94,095 shares of the company’s stock, valued at approximately $5,780,255.85. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Joseph J. Liberatore sold 6,638 shares of the company’s stock in a transaction that occurred on Thursday, June 13th. The shares were sold at an average price of $62.02, for a total value of $411,688.76. Following the completion of the transaction, the chief executive officer now directly owns 213,689 shares of the company’s stock, valued at $13,252,991.78. The disclosure for this sale can be found here. 5.50% of the stock is currently owned by corporate insiders.

Institutional Trading of Kforce

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Blue Trust Inc. increased its position in shares of Kforce by 59.9% during the second quarter. Blue Trust Inc. now owns 427 shares of the business services provider’s stock worth $27,000 after purchasing an additional 160 shares in the last quarter. SRS Capital Advisors Inc. increased its position in Kforce by 420.9% during the fourth quarter. SRS Capital Advisors Inc. now owns 448 shares of the business services provider’s stock worth $30,000 after buying an additional 362 shares during the period. Benjamin F. Edwards & Company Inc. lifted its stake in Kforce by 487.7% in the first quarter. Benjamin F. Edwards & Company Inc. now owns 670 shares of the business services provider’s stock valued at $47,000 after buying an additional 556 shares during the last quarter. nVerses Capital LLC boosted its holdings in shares of Kforce by 50.0% in the second quarter. nVerses Capital LLC now owns 900 shares of the business services provider’s stock valued at $56,000 after acquiring an additional 300 shares during the period. Finally, Canada Pension Plan Investment Board purchased a new position in shares of Kforce during the second quarter worth approximately $68,000. Institutional investors and hedge funds own 92.77% of the company’s stock.

About Kforce

Kforce Inc provides professional staffing services and solutions in the United States. It operates through two segments, Technology, and Finance and Accounting (FA). The Technology segment provides talent solutions to its clients primarily in the areas of information technology, such as systems/applications architecture and development, data management and analytics, business and artificial intelligence, machine learning, project and program management, and network architecture and security.