Several other analysts have also recently issued reports on KFRC. Zacks Investment Research cut Kforce from a strong-buy rating to a hold rating in a report on Tuesday, April 11th. ValuEngine lowered Kforce from a buy rating to a hold rating in a research note on Friday, June 2nd. Finally, TheStreet lowered Kforce from a b- rating to a c+ rating in a research note on Wednesday, May 31st. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the stock. The stock has a consensus rating of Hold and a consensus target price of $25.25.
BidaskClub downgraded shares of Kforce, Inc. (NASDAQ:KFRC) from a buy rating to a hold rating in a research note released on Saturday, July 8th.
Kforce (NASDAQ:KFRC) traded down 3.41% on Friday, hitting $18.40. 254,869 shares of the company were exchanged. Kforce has a 52 week low of $15.95 and a 52 week high of $26.95. The company has a 50 day moving average price of $19.10 and a 200-day moving average price of $21.46. The stock has a market capitalization of $464.29 million, a P/E ratio of 13.66 and a beta of 1.55.
Kforce (NASDAQ:KFRC) last issued its earnings results on Tuesday, August 1st. The business services provider reported $0.44 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.46 by $0.02. The company had revenue of $340.31 million during the quarter, compared to analysts’ expectations of $345.24 million. Kforce had a net margin of 2.63% and a return on equity of 29.68%. The firm’s quarterly revenue was up 1.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.41 earnings per share. On average, equities analysts expect that Kforce will post $1.58 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 22nd. Stockholders of record on Friday, September 8th will be issued a $0.12 dividend. The ex-dividend date of this dividend is Thursday, September 7th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.61%. Kforce’s payout ratio is currently 35.82%.
In related news, COO Kye L. Mitchell sold 8,838 shares of the firm’s stock in a transaction that occurred on Friday, May 5th. The stock was sold at an average price of $20.68, for a total transaction of $182,769.84. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CEO David L. Dunkel sold 8,000 shares of the firm’s stock in a transaction that occurred on Friday, May 26th. The stock was sold at an average price of $18.32, for a total value of $146,560.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 18,838 shares of company stock worth $371,330. Company insiders own 13.30% of the company’s stock.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Investment Counselors of Maryland LLC boosted its stake in Kforce by 27.8% in the second quarter. Investment Counselors of Maryland LLC now owns 1,004,771 shares of the business services provider’s stock valued at $19,694,000 after buying an additional 218,650 shares in the last quarter. Tributary Capital Management LLC boosted its stake in Kforce by 25.2% in the second quarter. Tributary Capital Management LLC now owns 777,037 shares of the business services provider’s stock valued at $15,230,000 after buying an additional 156,200 shares in the last quarter. Deprince Race & Zollo Inc. boosted its stake in Kforce by 26.9% in the first quarter. Deprince Race & Zollo Inc. now owns 558,525 shares of the business services provider’s stock valued at $13,265,000 after buying an additional 118,278 shares in the last quarter. Teachers Advisors LLC boosted its position in shares of Kforce by 31.3% in the first quarter. Teachers Advisors LLC now owns 415,407 shares of the business services provider’s stock valued at $9,866,000 after buying an additional 98,945 shares in the last quarter. Finally, LSV Asset Management boosted its position in shares of Kforce by 72.0% in the first quarter. LSV Asset Management now owns 198,533 shares of the business services provider’s stock valued at $4,715,000 after buying an additional 83,083 shares in the last quarter. Institutional investors own 78.05% of the company’s stock.
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.