Kforce, Inc. (KFRC) CEO David L. Dunkel Sells 1,500 Shares of Stock
Kforce, Inc. (NASDAQ:KFRC) CEO David L. Dunkel sold 1,500 shares of Kforce stock in a transaction dated Tuesday, December 12th. The stock was sold at an average price of $26.50, for a total value of $39,750.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.
David L. Dunkel also recently made the following trade(s):
- On Friday, November 3rd, David L. Dunkel sold 700 shares of Kforce stock. The stock was sold at an average price of $23.55, for a total value of $16,485.00.
- On Monday, November 6th, David L. Dunkel sold 17,000 shares of Kforce stock. The stock was sold at an average price of $23.90, for a total value of $406,300.00.
Shares of Kforce, Inc. (NASDAQ KFRC) traded up $0.92 during mid-day trading on Friday, reaching $26.27. The company had a trading volume of 247,949 shares, compared to its average volume of 115,126. The firm has a market cap of $720.80, a PE ratio of 17.13 and a beta of 1.67. Kforce, Inc. has a 1 year low of $16.75 and a 1 year high of $26.95. The company has a debt-to-equity ratio of 0.91, a current ratio of 2.95 and a quick ratio of 2.95.
Kforce (NASDAQ:KFRC) last issued its quarterly earnings results on Tuesday, October 31st. The business services provider reported $0.45 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.45. The firm had revenue of $341.05 million for the quarter, compared to analysts’ expectations of $340.67 million. Kforce had a return on equity of 28.83% and a net margin of 2.71%. The firm’s revenue for the quarter was up .2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.44 EPS. equities research analysts predict that Kforce, Inc. will post 1.5 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 22nd. Investors of record on Friday, December 8th will be given a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 1.83%. The ex-dividend date is Thursday, December 7th. Kforce’s dividend payout ratio (DPR) is presently 33.80%.
A number of hedge funds have recently modified their holdings of the stock. California Public Employees Retirement System increased its position in Kforce by 0.3% in the 2nd quarter. California Public Employees Retirement System now owns 116,000 shares of the business services provider’s stock valued at $2,274,000 after acquiring an additional 400 shares during the period. Brandywine Global Investment Management LLC increased its position in Kforce by 7.3% during the 2nd quarter. Brandywine Global Investment Management LLC now owns 14,376 shares of the business services provider’s stock worth $282,000 after purchasing an additional 976 shares during the period. Strs Ohio increased its position in Kforce by 5.8% during the 2nd quarter. Strs Ohio now owns 18,100 shares of the business services provider’s stock worth $354,000 after purchasing an additional 1,000 shares during the period. Voya Investment Management LLC increased its position in Kforce by 13.4% during the 2nd quarter. Voya Investment Management LLC now owns 13,979 shares of the business services provider’s stock worth $274,000 after purchasing an additional 1,653 shares during the period. Finally, Morgan Stanley increased its position in Kforce by 1.3% during the 1st quarter. Morgan Stanley now owns 154,990 shares of the business services provider’s stock worth $3,681,000 after purchasing an additional 1,949 shares during the period. Hedge funds and other institutional investors own 79.05% of the company’s stock.
KFRC has been the subject of several research reports. Zacks Investment Research downgraded Kforce from a “hold” rating to a “sell” rating in a report on Saturday, October 28th. TheStreet raised Kforce from a “c+” rating to a “b” rating in a report on Monday, October 2nd. SunTrust Banks downgraded Kforce from a “buy” rating to a “hold” rating and reduced their target price for the company from $23.00 to $22.00 in a report on Wednesday, October 11th. ValuEngine downgraded Kforce from a “buy” rating to a “hold” rating in a report on Friday, September 1st. Finally, Robert W. Baird reissued a “buy” rating and issued a $20.00 target price on shares of Kforce in a report on Tuesday, September 12th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and five have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $24.20.
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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