Kforce (NASDAQ:KFRC) was downgraded by investment analysts at BidaskClub from a “buy” rating to a “hold” rating in a report released on Tuesday.

A number of other equities research analysts have also recently weighed in on KFRC. Northcoast Research cut shares of Kforce from a “buy” rating to a “neutral” rating and set a $33.00 price target for the company. in a research report on Friday, June 1st. Zacks Investment Research cut shares of Kforce from a “buy” rating to a “hold” rating in a research report on Wednesday, July 4th. SunTrust Banks boosted their price target on shares of Kforce to $44.00 and gave the company a “hold” rating in a research report on Thursday, August 2nd. Robert W. Baird reissued a “buy” rating and issued a $45.00 price target on shares of Kforce in a research report on Thursday, August 2nd. Finally, Credit Suisse Group assumed coverage on shares of Kforce in a research report on Friday, August 10th. They issued a “neutral” rating and a $38.00 price target for the company. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $41.40.

Shares of KFRC opened at $37.85 on Tuesday. Kforce has a 1-year low of $17.56 and a 1-year high of $43.51. The firm has a market capitalization of $1.00 billion, a P/E ratio of 24.11 and a beta of 1.64. The company has a debt-to-equity ratio of 0.68, a current ratio of 2.77 and a quick ratio of 2.77.

Kforce (NASDAQ:KFRC) last announced its quarterly earnings results on Wednesday, August 1st. The business services provider reported $0.65 earnings per share for the quarter, beating analysts’ consensus estimates of $0.64 by $0.01. Kforce had a net margin of 3.00% and a return on equity of 34.52%. The firm had revenue of $358.62 million during the quarter, compared to analysts’ expectations of $358.07 million. During the same period in the previous year, the company earned $0.44 earnings per share. Kforce’s quarterly revenue was up 5.4% compared to the same quarter last year. sell-side analysts predict that Kforce will post 2.25 earnings per share for the current fiscal year.

In other news, Director Ralph Struzziero sold 3,000 shares of the company’s stock in a transaction dated Monday, September 17th. The shares were sold at an average price of $39.55, for a total value of $118,650.00. Following the completion of the sale, the director now directly owns 41,535 shares of the company’s stock, valued at $1,642,709.25. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Jeffrey B. Hackman sold 1,000 shares of the company’s stock in a transaction dated Thursday, July 26th. The shares were sold at an average price of $38.00, for a total transaction of $38,000.00. Following the completion of the sale, the senior vice president now directly owns 40,858 shares of the company’s stock, valued at $1,552,604. The disclosure for this sale can be found here. Insiders sold 92,991 shares of company stock valued at $3,881,661 over the last ninety days. Corporate insiders own 12.50% of the company’s stock.

Several large investors have recently made changes to their positions in the company. Nomura Holdings Inc. purchased a new stake in shares of Kforce in the second quarter valued at about $1,544,000. Zebra Capital Management LLC purchased a new stake in shares of Kforce in the second quarter valued at about $217,000. Paloma Partners Management Co purchased a new stake in shares of Kforce in the second quarter valued at about $281,000. Bank of America Corp DE raised its holdings in Kforce by 4.3% during the second quarter. Bank of America Corp DE now owns 105,362 shares of the business services provider’s stock worth $3,614,000 after purchasing an additional 4,346 shares in the last quarter. Finally, Baird Financial Group Inc. purchased a new position in Kforce during the second quarter worth about $226,000. 79.69% 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.

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