KFRC has been the subject of several other reports. Zacks Investment Research downgraded shares of Kforce from a hold rating to a sell rating in a report on Thursday, August 4th. Credit Suisse Group AG reaffirmed a buy rating and issued a $21.00 price objective on shares of Kforce in a report on Wednesday, August 3rd.
Kforce (NASDAQ:KFRC) traded down 0.25% during mid-day trading on Tuesday, hitting $19.85. 17,658 shares of the company’s stock were exchanged. The stock’s 50 day moving average price is $19.49 and its 200-day moving average price is $18.73. The stock has a market cap of $519.95 million, a PE ratio of 13.49 and a beta of 1.56. Kforce has a 12 month low of $14.87 and a 12 month high of $28.84.
Kforce (NASDAQ:KFRC) last released its quarterly earnings data on Tuesday, August 2nd. The company reported $0.41 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.40 by $0.01. The company earned $335 million during the quarter, compared to the consensus estimate of $334.91 million. Kforce had a net margin of 3.01% and a return on equity of 31.94%. Kforce’s revenue for the quarter was down .7% on a year-over-year basis. During the same period last year, the firm earned $0.41 EPS. Equities analysts expect that Kforce will post $1.48 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Friday, September 23rd. Shareholders of record on Friday, September 9th were paid a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 2.41%. The ex-dividend date of this dividend was Wednesday, September 7th. Kforce’s dividend payout ratio is presently 32.88%.
In other Kforce news, President Joseph J. Liberatore sold 75,000 shares of the stock in a transaction that occurred on Wednesday, August 17th. The shares were sold at an average price of $18.19, for a total value of $1,364,250.00. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, COO Kye L. Mitchell sold 3,732 shares of the stock in a transaction that occurred on Thursday, August 25th. The stock was sold at an average price of $19.82, for a total transaction of $73,968.24. The disclosure for this sale can be found here. 12.80% of the stock is currently owned by company insiders.
A number of hedge funds have recently bought and sold shares of the company. State Board of Administration of Florida Retirement System boosted its stake in Kforce by 0.9% in the second quarter. State Board of Administration of Florida Retirement System now owns 30,069 shares of the company’s stock valued at $508,000 after buying an additional 272 shares during the period. First Mercantile Trust Co. boosted its stake in Kforce by 6.8% in the second quarter. First Mercantile Trust Co. now owns 6,760 shares of the company’s stock valued at $114,000 after buying an additional 430 shares during the period. Swiss National Bank boosted its stake in Kforce by 3.7% in the second quarter. Swiss National Bank now owns 39,500 shares of the company’s stock valued at $667,000 after buying an additional 1,400 shares during the period. Acrospire Investment Management LLC boosted its stake in Kforce by 41.5% in the second quarter. Acrospire Investment Management LLC now owns 7,498 shares of the company’s stock valued at $127,000 after buying an additional 2,200 shares during the period. Finally, Zebra Capital Management LLC boosted its stake in Kforce by 15.9% in the first quarter. Zebra Capital Management LLC now owns 16,765 shares of the company’s stock valued at $328,000 after buying an additional 2,304 shares during the period. Institutional investors and hedge funds own 80.75% of the company’s stock.
Kforce Company Profile
Kforce Inc is engaged in providing professional and technical specialty staffing services and solutions. The Company operates through three segments, which include Technology (Tech), which provides both temporary staffing and permanent placement services to its clients, focusing primarily on areas of information technology, such as systems/applications, e-commerce, technology infrastructure, network architecture and security; Finance and Accounting (FA), which is engaged in providing both temporary staffing and permanent placement services to its clients in areas, such as general accounting, business analysis and others, and Government Solutions (GS), which is engaged in providing services and solutions to the Federal Government as both a prime contractor and a subcontractor in the fields of information technology, and finance and accounting.
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