Kforce Inc. (NASDAQ:KFRC) Announces Quarterly Dividend of $0.18

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Kforce Inc. (NASDAQ:KFRC) announced a quarterly dividend on Wednesday, October 30th, Zacks reports. Shareholders of record on Friday, December 6th will be paid a dividend of 0.18 per share by the business services provider on Friday, December 20th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.75%. The ex-dividend date of this dividend is Thursday, December 5th.

Shares of NASDAQ:KFRC traded up $0.25 on Friday, reaching $41.16. The company had a trading volume of 2,288 shares, compared to its average volume of 157,182. The company has a quick ratio of 3.34, a current ratio of 3.34 and a debt-to-equity ratio of 0.31. The stock has a 50-day moving average price of $37.06 and a 200 day moving average price of $35.60. The stock has a market capitalization of $970.45 million, a P/E ratio of 17.68 and a beta of 1.24. Kforce has a twelve month low of $27.95 and a twelve month high of $41.00.

Kforce (NASDAQ:KFRC) last posted its quarterly earnings data on Wednesday, October 30th. The business services provider reported $0.68 EPS for the quarter, topping analysts’ consensus estimates of $0.67 by $0.01. The business had revenue of $345.60 million for the quarter, compared to analyst estimates of $340.32 million. Kforce had a return on equity of 32.02% and a net margin of 9.73%. The firm’s revenue for the quarter was down 2.8% on a year-over-year basis. During the same period in the previous year, the company posted $0.64 earnings per share. On average, sell-side analysts predict that Kforce will post 2.37 earnings per share for the current fiscal year.

In related news, COO Kye L. Mitchell sold 4,000 shares of the business’s stock in a transaction dated Thursday, August 29th. The stock was sold at an average price of $32.74, for a total transaction of $130,960.00. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CFO David M. Kelly sold 5,000 shares of the business’s stock in a transaction dated Thursday, September 5th. The shares were sold at an average price of $32.81, for a total value of $164,050.00. The disclosure for this sale can be found here. Insiders sold 9,375 shares of company stock worth $308,866 over the last quarter. 11.80% of the stock is currently owned by corporate insiders.

A number of equities analysts have recently commented on the company. William Blair reiterated an “outperform” rating on shares of Kforce in a research note on Friday, September 20th. Zacks Investment Research lowered Kforce from a “hold” rating to a “sell” rating in a research note on Saturday, August 3rd. Finally, BidaskClub upgraded Kforce from a “hold” rating to a “buy” rating in a research note on Friday, October 25th.

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.

Further Reading: Stock Symbols and CUSIP Explained

Dividend History for Kforce (NASDAQ:KFRC)

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