Kforce (NASDAQ:KFRC) Director David Dunkel Sells 2,500 Shares of Stock

Kforce Inc. (NASDAQ:KFRC) Director David Dunkel sold 2,500 shares of the business’s stock in a transaction that occurred on Tuesday, November 3rd. The stock was sold at an average price of $58.15, for a total value of $145,375.00. Following the sale, the director directly owned 503,829 shares in the company, valued at $29,297,656.35. This trade represents a 0.49% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Kforce Stock Performance

KFRC opened at $55.89 on Friday. The stock has a market cap of $1.00 billion, a P/E ratio of 20.85 and a beta of 0.87. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.06 and a quick ratio of 2.06. The stock’s 50 day simple moving average is $53.41 and its 200 day simple moving average is $44.36. Kforce Inc. has a 1-year low of $25.07 and a 1-year high of $61.75.

Kforce Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 18th. Stockholders of record on Friday, December 4th will be given a $0.40 dividend. The ex-dividend date is Friday, December 4th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.9%. Kforce’s dividend payout ratio (DPR) is currently 66.95%.

Institutional Investors Weigh In On Kforce

A number of large investors have recently bought and sold shares of KFRC. BlackRock Inc. purchased a new stake in Kforce in the 2nd quarter worth approximately $73,001,000. Copeland Capital Management LLC lifted its stake in shares of Kforce by 51.5% during the 1st quarter. Copeland Capital Management LLC now owns 666,331 shares of the business services provider’s stock worth $19,484,000 after purchasing an additional 226,520 shares during the period. Bank of New York Mellon Corp acquired a new stake in shares of Kforce during the second quarter worth $10,359,000. Sei Investments Co. boosted its holdings in shares of Kforce by 66.7% during the first quarter. Sei Investments Co. now owns 246,709 shares of the business services provider’s stock worth $7,214,000 after purchasing an additional 98,736 shares during the last quarter. Finally, Deutsche Bank AG acquired a new stake in shares of Kforce during the second quarter worth $4,381,000. Institutional investors and hedge funds own 92.77% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently issued reports on KFRC shares. Robert W. Baird lifted their price target on Kforce from $63.00 to $66.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 27th. UBS Group increased their price objective on shares of Kforce from $59.00 to $63.00 and gave the company a “neutral” rating in a research note on Tuesday, October 27th. Finally, Truist Financial lifted their target price on shares of Kforce from $38.00 to $60.00 and gave the stock a “hold” rating in a research report on Wednesday, July 22nd. Two equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $63.00.

Kforce Company Profile

Kforce Inc is a professional staffing and business solutions firm that connects organizations with skilled workers and provides services designed to support workforce and project needs. The company primarily operates through its Technology and Finance & Accounting segments.

Kforce Technology provides staffing, consulting, and project-based solutions for areas such as application development, data management, cloud computing, cybersecurity, and other information technology functions.