Kforce (NASDAQ:KFRC) Downgraded by Zacks Investment Research

Share on StockTwits

Zacks Investment Research downgraded shares of Kforce (NASDAQ:KFRC) from a hold rating to a sell rating in a report issued on Saturday, Zacks.com reports.

According to Zacks, “kforce.com is a full-service, web-based specialty staffing firm providing flexible and permanent staffing solutions for organizations and career management for individuals in the specialty skill areas of information technology, finance & accounting, human resources, engineering, pharmaceutical, health care, legal, e-solutions consulting, scientific and insurance and investments. kforce.com offers web-based services including online resumes and job postings, interactive interviews and job placements and career management strategies (company press release). “

Several other research analysts have also commented on the company. BidaskClub upgraded Kforce from a sell rating to a hold rating in a research report on Wednesday, May 15th. ValuEngine lowered Kforce from a buy rating to a hold rating in a research report on Friday, June 7th.

KFRC opened at $33.30 on Friday. The stock has a market capitalization of $870.89 million, a price-to-earnings ratio of 14.48 and a beta of 1.20. Kforce has a 12 month low of $27.95 and a 12 month high of $43.51. The company has a current ratio of 2.43, a quick ratio of 2.43 and a debt-to-equity ratio of 0.47. The stock has a 50-day moving average of $35.54.

Kforce (NASDAQ:KFRC) last released its quarterly earnings results on Wednesday, July 31st. The business services provider reported $0.66 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.66. The company had revenue of $338.86 million during the quarter, compared to analyst estimates of $345.81 million. Kforce had a return on equity of 34.11% and a net margin of 9.73%. The firm’s revenue was up 2.8% on a year-over-year basis. During the same quarter last year, the business posted $0.65 earnings per share. Analysts predict that Kforce will post 2.38 earnings per share for the current year.

In other Kforce news, Director Gordon Tunstall sold 3,000 shares of the firm’s stock in a transaction dated Monday, May 20th. The shares were sold at an average price of $34.98, for a total value of $104,940.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director N John Simmons sold 1,500 shares of the firm’s stock in a transaction dated Friday, June 7th. The stock was sold at an average price of $35.00, for a total transaction of $52,500.00. The disclosure for this sale can be found here. In the last three months, insiders sold 4,928 shares of company stock valued at $172,013. 11.80% of the stock is owned by insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. State Board of Administration of Florida Retirement System grew its stake in Kforce by 15.1% during the 2nd quarter. State Board of Administration of Florida Retirement System now owns 57,500 shares of the business services provider’s stock valued at $2,018,000 after acquiring an additional 7,532 shares in the last quarter. Envestnet Asset Management Inc. grew its stake in Kforce by 2.5% during the 2nd quarter. Envestnet Asset Management Inc. now owns 43,524 shares of the business services provider’s stock valued at $1,527,000 after acquiring an additional 1,044 shares in the last quarter. Municipal Employees Retirement System of Michigan grew its stake in Kforce by 30.4% during the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 33,310 shares of the business services provider’s stock valued at $1,169,000 after acquiring an additional 7,770 shares in the last quarter. Aperio Group LLC grew its stake in Kforce by 9.7% during the 2nd quarter. Aperio Group LLC now owns 17,732 shares of the business services provider’s stock valued at $622,000 after acquiring an additional 1,568 shares in the last quarter. Finally, Alpha Windward LLC purchased a new stake in shares of Kforce in the 2nd quarter valued at approximately $482,000. 82.63% of the stock is owned by institutional investors and hedge funds.

Kforce Company Profile

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.

Featured Story: Convertible Shares

Get a free copy of the Zacks research report on Kforce (KFRC)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Kforce Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kforce and related companies with MarketBeat.com's FREE daily email newsletter.



Latest News

BidaskClub Lowers The Carlyle Group  to Hold
BidaskClub Lowers The Carlyle Group to Hold
Central European Media Enterprises  Lifted to Strong-Buy at BidaskClub
Central European Media Enterprises Lifted to Strong-Buy at BidaskClub
Celgene  Upgraded at BidaskClub
Celgene Upgraded at BidaskClub
BidaskClub Lowers Cadence Design Systems  to Buy
BidaskClub Lowers Cadence Design Systems to Buy
Cabot Microelectronics  Downgraded by BidaskClub
Cabot Microelectronics Downgraded by BidaskClub
Kala Pharmaceuticals  Raised to Buy at Zacks Investment Research
Kala Pharmaceuticals Raised to Buy at Zacks Investment Research


© 2006-2019 Ticker Report