Brokerages Set Kforce Inc. (KFRC) PT at $41.40

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Kforce Inc. (NASDAQ:KFRC) has been given a consensus rating of “Hold” by the seven analysts that are covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating on the company. The average 1 year target price among analysts that have covered the stock in the last year is $41.40.

A number of brokerages have recently commented on KFRC. BidaskClub lowered Kforce from a “strong-buy” rating to a “buy” rating in a report on Wednesday, September 12th. Credit Suisse Group started coverage on Kforce in a report on Friday, August 10th. They set a “neutral” rating and a $38.00 target price on the stock. Finally, ValuEngine lowered Kforce from a “buy” rating to a “hold” rating in a report on Thursday, November 1st.

In related news, Director Ralph Struzziero sold 3,000 shares of Kforce stock in a transaction dated Monday, September 17th. The stock was sold at an average price of $39.55, for a total transaction of $118,650.00. Following the transaction, the director now directly owns 41,535 shares of the company’s stock, valued at $1,642,709.25. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Gordon Tunstall sold 6,000 shares of Kforce stock in a transaction dated Monday, November 19th. The stock was sold at an average price of $30.40, for a total value of $182,400.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 35,438 shares of company stock worth $1,217,692. 13.30% of the stock is owned by corporate insiders.

A number of large investors have recently added to or reduced their stakes in KFRC. BlackRock Inc. boosted its position in shares of Kforce by 29.4% in the 2nd quarter. BlackRock Inc. now owns 2,070,717 shares of the business services provider’s stock valued at $71,027,000 after purchasing an additional 471,012 shares during the period. Virginia Retirement Systems ET AL acquired a new position in shares of Kforce in the 3rd quarter valued at $910,000. Stone Ridge Asset Management LLC boosted its position in shares of Kforce by 6.5% in the 3rd quarter. Stone Ridge Asset Management LLC now owns 38,897 shares of the business services provider’s stock valued at $1,463,000 after purchasing an additional 2,358 shares during the period. BBT Capital Management LLC acquired a new position in shares of Kforce in the 3rd quarter valued at $1,111,000. Finally, Prudential Financial Inc. boosted its position in shares of Kforce by 6.7% in the 3rd quarter. Prudential Financial Inc. now owns 281,759 shares of the business services provider’s stock valued at $10,594,000 after purchasing an additional 17,659 shares during the period. 82.33% of the stock is currently owned by hedge funds and other institutional investors.

Shares of KFRC traded down $0.65 during trading hours on Monday, reaching $29.50. 218,855 shares of the company’s stock traded hands, compared to its average volume of 132,205. The firm has a market capitalization of $785.87 million, a price-to-earnings ratio of 18.79 and a beta of 1.74. The company has a debt-to-equity ratio of 0.49, a quick ratio of 2.66 and a current ratio of 2.66. Kforce has a twelve month low of $23.80 and a twelve month high of $43.51.

Kforce (NASDAQ:KFRC) last issued its quarterly earnings results on Wednesday, October 31st. The business services provider reported $0.64 EPS for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.02). The business had revenue of $355.45 million for the quarter, compared to analyst estimates of $356.89 million. Kforce had a net margin of 3.40% and a return on equity of 36.45%. Kforce’s revenue for the quarter was up 4.2% on a year-over-year basis. During the same period last year, the business posted $0.45 earnings per share. Analysts forecast that Kforce will post 2.21 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, December 21st. Investors of record on Friday, December 7th will be issued a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 2.44%. The ex-dividend date is Thursday, December 6th. Kforce’s payout ratio is currently 45.86%.

About Kforce

Kforce Inc provides professional staffing services and solutions in the United States and internationally. It operates through Technology (Tech), Finance and Accounting (FA), and Government Solutions (GS) segments. The Tech segment provides temporary staffing and permanent placement services to its clients primarily in the areas of information technology, such as systems/applications architecture and development, project management, enterprise data management, business intelligence, artificial intelligence, machine learning, network architecture, and security.

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