Kforce (NASDAQ:KFRC) was downgraded by stock analysts at BidaskClub from a “strong-buy” rating to a “buy” rating in a note issued to investors on Tuesday.
Several other research firms have also recently issued reports on KFRC. Zacks Investment Research cut Kforce from a “buy” rating to a “hold” rating in a research report on Tuesday, January 9th. SunTrust Banks cut Kforce from a “buy” rating to a “hold” rating and dropped their target price for the stock from $23.00 to $22.00 in a research report on Wednesday, October 11th. Northcoast Research upgraded Kforce from a “neutral” rating to a “buy” rating in a research report on Monday, November 6th. TheStreet upgraded Kforce from a “c+” rating to a “b” rating in a research report on Monday, October 2nd. Finally, Robert W. Baird reiterated a “buy” rating and set a $25.00 target price on shares of Kforce in a research report on Friday, November 3rd. Five equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Kforce presently has an average rating of “Buy” and an average target price of $24.83.
Kforce (NASDAQ:KFRC) opened at $26.80 on Tuesday. The company has a debt-to-equity ratio of 0.91, a quick ratio of 2.95 and a current ratio of 2.95. Kforce has a 52-week low of $16.75 and a 52-week high of $27.30. The stock has a market capitalization of $696.09, a P/E ratio of 18.74 and a beta of 1.68.
Kforce (NASDAQ:KFRC) last released its earnings results on Tuesday, October 31st. The business services provider reported $0.45 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.45. Kforce had a return on equity of 28.83% and a net margin of 2.71%. The company had revenue of $341.05 million for the quarter, compared to analysts’ expectations of $340.67 million. During the same quarter in the previous year, the firm posted $0.44 EPS. The firm’s quarterly revenue was up .2% on a year-over-year basis. sell-side analysts forecast that Kforce will post 1.5 earnings per share for the current fiscal year.
In related news, President Joseph J. Liberatore sold 21,380 shares of the company’s stock in a transaction that occurred on Tuesday, January 9th. The stock was sold at an average price of $27.15, for a total value of $580,467.00. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Ralph Struzziero sold 4,500 shares of the company’s stock in a transaction that occurred on Tuesday, December 5th. The stock was sold at an average price of $25.85, for a total value of $116,325.00. Following the completion of the sale, the director now owns 50,764 shares in the company, valued at approximately $1,312,249.40. The disclosure for this sale can be found here. In the last 90 days, insiders sold 105,137 shares of company stock worth $2,686,362. Insiders own 13.30% of the company’s stock.
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. BNP Paribas Arbitrage SA grew its holdings in shares of Kforce by 612.0% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 5,340 shares of the business services provider’s stock worth $105,000 after acquiring an additional 4,590 shares during the period. Campbell & CO Investment Adviser LLC acquired a new stake in shares of Kforce in the 3rd quarter worth approximately $213,000. Aperio Group LLC acquired a new stake in shares of Kforce in the 3rd quarter worth approximately $216,000. AXA acquired a new stake in shares of Kforce in the 2nd quarter worth approximately $261,000. Finally, Voya Investment Management LLC grew its holdings in shares of Kforce by 13.4% in the 2nd quarter. Voya Investment Management LLC now owns 13,979 shares of the business services provider’s stock worth $274,000 after acquiring an additional 1,653 shares during the period. Institutional investors and hedge funds own 78.77% of the company’s stock.
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Kforce Company Profile
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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