The Russell Investments Group Ltd. Raises Stake in Kforce, Inc. (NASDAQ:KFRC)

The Russell Investments Group Ltd. Raises Stake in Kforce, Inc. (NASDAQ:KFRC)

Other large investors have also added to or reduced their stakes in the company. Dubuque Bank & Trust Co. purchased a new position in shares of Kforce during the first quarter worth $226,000. Independent Portfolio Consultants Inc. raised its position in shares of Kforce by 4.4% in the first quarter. Independent Portfolio Consultants Inc. now owns 37,970 shares of the business services provider’s stock worth $902,000 after buying an additional 1,600 shares in the last quarter. Acadian Asset Management LLC raised its position in shares of Kforce by 5,514.3% in the first quarter. Acadian Asset Management LLC now owns 75,176 shares of the business services provider’s stock worth $1,787,000 after buying an additional 73,837 shares in the last quarter. First National Bank of Omaha raised its position in shares of Kforce by 21.9% in the first quarter. First National Bank of Omaha now owns 54,315 shares of the business services provider’s stock worth $1,290,000 after buying an additional 9,764 shares in the last quarter. Finally, Numeric Investors LLC raised its position in shares of Kforce by 24.3% in the fourth quarter. Numeric Investors LLC now owns 12,800 shares of the business services provider’s stock worth $296,000 after buying an additional 2,500 shares in the last quarter. Institutional investors own 78.05% of the company’s stock.

Russell Investments Group Ltd. raised its position in shares of Kforce, Inc. (NASDAQ:KFRC) by 304.0% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 19,950 shares of the business services provider’s stock after buying an additional 15,012 shares during the period. Russell Investments Group Ltd. owned 0.08% of Kforce worth $474,000 as of its most recent SEC filing.

Kforce, Inc. (NASDAQ KFRC) traded down 1.84% during trading on Wednesday, hitting $18.70. The stock had a trading volume of 196,457 shares. The stock’s 50 day moving average price is $19.10 and its 200 day moving average price is $21.46. Kforce, Inc. has a 12-month low of $15.95 and a 12-month high of $26.95. The firm has a market cap of $471.86 million, a P/E ratio of 13.88 and a beta of 1.55.

Kforce (NASDAQ:KFRC) last released its earnings results on Tuesday, August 1st. The business services provider reported $0.44 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.46 by $0.02. The firm had revenue of $340.31 million for the quarter, compared to analyst estimates of $345.24 million. Kforce had a return on equity of 29.68% and a net margin of 2.63%. The firm’s revenue was up 1.6% on a year-over-year basis. During the same period in the prior year, the firm earned $0.41 EPS. On average, analysts anticipate that Kforce, Inc. will post $1.58 EPS for the current fiscal year.

Several analysts recently commented on the company. Deutsche Bank AG dropped their target price on Kforce from $25.00 to $22.00 and set a “hold” rating on the stock in a report on Wednesday. TheStreet lowered Kforce from a “b-” rating to a “c+” rating in a report on Wednesday, May 31st. BidaskClub lowered Kforce from a “hold” rating to a “sell” rating in a report on Thursday, July 27th. Zacks Investment Research lowered Kforce from a “hold” rating to a “sell” rating in a report on Wednesday, May 3rd. Finally, ValuEngine raised Kforce from a “hold” rating to a “buy” rating in a report on Tuesday, June 27th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the company’s stock. Kforce currently has an average rating of “Hold” and an average target price of $25.25.

In other news, COO Kye L. Mitchell sold 8,838 shares of the business’s stock in a transaction dated Friday, May 5th. The shares were 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 accessible through this hyperlink. Also, CEO David L. Dunkel sold 2,000 shares of the business’s stock in a transaction dated Tuesday, May 9th. The stock was sold at an average price of $21.00, for a total transaction of $42,000.00. The disclosure for this sale can be found here. In the last three months, insiders have sold 18,838 shares of company stock valued at $371,330. Company insiders own 13.30% of the company’s stock.

Kforce Company Profile

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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