Kforce Inc. (NASDAQ:KFRC) Given Average Recommendation of “Moderate Buy” by Brokerages

Shares of Kforce Inc. (NASDAQ:KFRC) have been assigned a consensus recommendation of “Moderate Buy” from the four analysts that are covering the company, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $68.75.

Several analysts have recently weighed in on the company. StockNews.com upgraded Kforce from a “hold” rating to a “buy” rating in a report on Thursday, August 1st. Sidoti upgraded Kforce from a “neutral” rating to a “buy” rating and set a $71.00 price target on the stock in a report on Tuesday, October 15th.

Kforce Stock Down 0.9 %

Shares of NASDAQ KFRC opened at $55.58 on Tuesday. The company has a market cap of $1.08 billion, a price-to-earnings ratio of 19.23 and a beta of 0.87. The company has a current ratio of 2.33, a quick ratio of 2.33 and a debt-to-equity ratio of 0.22. The stock has a 50-day moving average price of $61.63 and a two-hundred day moving average price of $62.99. Kforce has a 12 month low of $55.15 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 earnings per share for the quarter, topping the consensus estimate of $0.73 by $0.02. The company had revenue of $356.32 million for the quarter, compared to analysts’ expectations of $356.20 million. Kforce had a return on equity of 34.89% and a net margin of 3.56%. The business’s quarterly revenue was down 8.4% compared to the same quarter last year. During the same period in the previous year, the business posted $0.95 earnings per share. As a group, analysts forecast that Kforce will post 2.7 earnings per share for the current fiscal year.

Kforce Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Friday, September 13th were issued a $0.38 dividend. This represents a $1.52 annualized dividend and a yield of 2.73%. The ex-dividend date was Friday, September 13th. Kforce’s payout ratio is presently 52.60%.

Institutional Trading of Kforce

Several institutional investors have recently added to or reduced their stakes in the stock. Raymond James & Associates boosted its holdings in Kforce by 3.8% in the third quarter. Raymond James & Associates now owns 98,253 shares of the business services provider’s stock valued at $6,038,000 after acquiring an additional 3,560 shares during the last quarter. Blue Trust Inc. boosted its holdings in shares of Kforce by 259.5% during the 3rd quarter. Blue Trust Inc. now owns 1,535 shares of the business services provider’s stock worth $95,000 after buying an additional 1,108 shares in the last quarter. Kathleen S. Wright Associates Inc. bought a new position in shares of Kforce during the 3rd quarter worth approximately $30,000. Annex Advisory Services LLC boosted its holdings in shares of Kforce by 35.6% during the 3rd quarter. Annex Advisory Services LLC now owns 12,211 shares of the business services provider’s stock worth $750,000 after buying an additional 3,203 shares in the last quarter. Finally, Inspire Investing LLC boosted its holdings in shares of Kforce by 17.9% during the 3rd quarter. Inspire Investing LLC now owns 6,673 shares of the business services provider’s stock worth $410,000 after buying an additional 1,014 shares in the last quarter. 92.77% of the stock is currently owned by institutional investors.

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.