Kforce (NASDAQ:KFRC) Director David Dunkel Sells 500 Shares of Company Stock

Kforce Inc. (NASDAQ:KFRC) Director David Dunkel sold 500 shares of the business’s stock in a transaction on Wednesday, November 4th. The shares were sold at an average price of $59.10, for a total value of $29,550.00. Following the completion of the sale, the director owned 503,329 shares in the company, valued at $29,746,743.90. This represents a 0.10% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link.

Kforce Price Performance

KFRC opened at $55.89 on Friday. The stock’s 50-day moving average price is $53.41 and its 200 day moving average price is $44.36. Kforce Inc. has a 12-month low of $25.07 and a 12-month high of $61.75. The company has a current ratio of 2.06, a quick ratio of 2.06 and a debt-to-equity ratio of 0.16. The firm has a market cap of $1.00 billion, a price-to-earnings ratio of 20.85 and a beta of 0.87.

Kforce Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 18th. Stockholders of record on Friday, December 4th will be given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 2.9%. The ex-dividend date of this dividend is Friday, December 4th. Kforce’s dividend payout ratio is currently 66.95%.

Analyst Ratings Changes

A number of brokerages recently weighed in on KFRC. Truist Financial lifted their price objective on shares of Kforce from $38.00 to $60.00 and gave the company a “hold” rating in a report on Wednesday, July 22nd. UBS Group increased their target price on shares of Kforce from $59.00 to $63.00 and gave the stock a “neutral” rating in a report on Tuesday, October 27th. Finally, Robert W. Baird raised their price target on shares of Kforce from $63.00 to $66.00 and gave the company an “outperform” rating in a research report on Tuesday, October 27th. Two investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $63.00.

Institutional Investors Weigh In On Kforce

Several large investors have recently bought and sold shares of the stock. Sterling Capital Management LLC grew its stake in shares of Kforce by 849.2% during the third quarter. Sterling Capital Management LLC now owns 560 shares of the business services provider’s stock worth $29,000 after purchasing an additional 501 shares in the last quarter. Heritage Family Offices LLP acquired a new stake in Kforce in the third quarter valued at $34,000. Allworth Financial LP acquired a new stake in Kforce in the second quarter valued at $33,000. Global Retirement Partners LLC acquired a new stake in Kforce in the second quarter valued at $34,000. Finally, Mirae Asset Global Investments Co. Ltd. purchased a new stake in Kforce during the 3rd quarter worth about $70,000. Hedge funds and other institutional investors own 92.77% of the company’s stock.

Kforce Company Profile

Kforce Inc is a professional staffing and business solutions firm that connects organizations with skilled workers and provides services designed to support workforce and project needs. The company primarily operates through its Technology and Finance & Accounting segments.

Kforce Technology provides staffing, consulting, and project-based solutions for areas such as application development, data management, cloud computing, cybersecurity, and other information technology functions.