News headlines about Kforce (NASDAQ:KFRC) have been trending somewhat positive recently, Accern reports. The research firm rates the sentiment of press coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Kforce earned a coverage optimism score of 0.09 on Accern’s scale. Accern also gave news stories about the business services provider an impact score of 44.5894145297748 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
KFRC has been the topic of several research analyst reports. Zacks Investment Research upgraded shares of Kforce from a “hold” rating to a “buy” rating and set a $29.00 target price on the stock in a report on Saturday, February 3rd. ValuEngine upgraded shares of Kforce from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. BidaskClub downgraded shares of Kforce from a “strong-buy” rating to a “buy” rating in a report on Tuesday, January 16th. Northcoast Research reiterated a “buy” rating and issued a $33.00 price objective on shares of Kforce in a report on Wednesday, February 7th. Finally, Robert W. Baird lifted their price objective on shares of Kforce from $25.00 to $28.00 and gave the company an “outperform” rating in a report on Wednesday, February 7th. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $26.80.
Shares of Kforce (NASDAQ KFRC) opened at $28.60 on Tuesday. The company has a quick ratio of 2.93, a current ratio of 2.93 and a debt-to-equity ratio of 0.89. Kforce has a fifty-two week low of $16.75 and a fifty-two week high of $29.35. The stock has a market cap of $751.01, a P/E ratio of 21.83 and a beta of 1.58.
The company also recently announced a quarterly dividend, which will be paid on Friday, March 23rd. Investors of record on Friday, March 9th will be paid 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 is presently 36.64%.
In related news, CEO David L. Dunkel sold 10,000 shares of the firm’s stock in a transaction on Wednesday, March 7th. The shares were sold at an average price of $29.01, for a total value of $290,100.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Ralph Struzziero sold 1,229 shares of the firm’s stock in a transaction on Monday, January 8th. The shares were sold at an average price of $27.05, for a total transaction of $33,244.45. Following the completion of the transaction, the director now directly owns 46,035 shares of the company’s stock, valued at $1,245,246.75. The disclosure for this sale can be found here. Insiders sold 98,194 shares of company stock valued at $2,635,639 over the last three months. 13.30% of the stock is owned by company insiders.
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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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