Kforce Inc. (NASDAQ:KFRC) CEO David L. Dunkel sold 10,000 shares of the stock in a transaction that occurred on Wednesday, March 7th. The stock was sold at an average price of $29.01, for a total value of $290,100.00. The sale was disclosed in a legal filing with the SEC, which is available at this link.
David L. Dunkel also recently made the following trade(s):
- On Monday, December 18th, David L. Dunkel sold 8,112 shares of Kforce stock. The stock was sold at an average price of $26.50, for a total value of $214,968.00.
- On Friday, December 15th, David L. Dunkel sold 388 shares of Kforce stock. The stock was sold at an average price of $26.50, for a total value of $10,282.00.
- On Tuesday, December 12th, David L. Dunkel sold 1,500 shares of Kforce stock. The stock was sold at an average price of $26.50, for a total value of $39,750.00.
Kforce Inc. (NASDAQ:KFRC) opened at $28.65 on Friday. The firm has a market capitalization of $751.00, a P/E ratio of 21.87 and a beta of 1.58. Kforce Inc. has a 1 year low of $16.75 and a 1 year high of $29.35. The company has a debt-to-equity ratio of 0.89, a current ratio of 2.93 and a quick ratio of 2.93.
The company also recently announced a quarterly dividend, which will be paid on Friday, March 23rd. Stockholders of record on Friday, March 9th will be given a $0.12 dividend. The ex-dividend date is Thursday, March 8th. This represents a $0.48 annualized dividend and a dividend yield of 1.68%. Kforce’s dividend payout ratio (DPR) is presently 36.64%.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in KFRC. Voya Investment Management LLC lifted its position in shares of Kforce by 13.4% in the second quarter. Voya Investment Management LLC now owns 13,979 shares of the business services provider’s stock valued at $274,000 after acquiring an additional 1,653 shares in the last quarter. State Street Corp lifted its position in shares of Kforce by 5.2% in the second quarter. State Street Corp now owns 521,416 shares of the business services provider’s stock valued at $10,221,000 after acquiring an additional 25,748 shares in the last quarter. Nationwide Fund Advisors lifted its position in shares of Kforce by 7.5% in the third quarter. Nationwide Fund Advisors now owns 47,099 shares of the business services provider’s stock valued at $951,000 after acquiring an additional 3,292 shares in the last quarter. First Trust Advisors LP purchased a new position in shares of Kforce in the third quarter valued at approximately $380,000. Finally, Aperio Group LLC purchased a new position in shares of Kforce in the third quarter valued at approximately $216,000. Institutional investors and hedge funds own 78.88% of the company’s stock.
A number of brokerages have issued reports on KFRC. Robert W. Baird increased their price target on Kforce from $25.00 to $28.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 7th. Northcoast Research reiterated a “buy” rating and set a $33.00 price target on shares of Kforce in a research report on Wednesday, February 7th. Zacks Investment Research downgraded Kforce from a “buy” rating to a “hold” rating in a research report on Tuesday, February 6th. ValuEngine upgraded Kforce from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. Finally, BidaskClub downgraded Kforce from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, January 16th. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Kforce presently has a consensus rating of “Buy” and a consensus target price of $26.80.
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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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