Kforce, Inc. (KFRC) Director N John Simmons Sells 5,000 Shares of Stock
Kforce, Inc. (NASDAQ:KFRC) Director N John Simmons sold 5,000 shares of the company’s stock in a transaction that occurred on Friday, November 3rd. The shares were sold at an average price of $23.31, for a total value of $116,550.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Kforce, Inc. (NASDAQ KFRC) traded down $0.02 during trading hours on Wednesday, reaching $23.98. 10,892 shares of the company’s stock were exchanged, compared to its average volume of 116,935. The firm has a market cap of $643.16, a P/E ratio of 16.42 and a beta of 1.57. 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, Inc. has a twelve month low of $16.30 and a twelve month high of $26.95.
Kforce (NASDAQ:KFRC) last released its earnings results on Tuesday, October 31st. The business services provider reported $0.45 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.45. The business had revenue of $341.05 million during the quarter, compared to the consensus estimate of $340.67 million. Kforce had a net margin of 2.71% and a return on equity of 28.83%. The company’s revenue for the quarter was up .2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.44 EPS. research analysts expect that Kforce, Inc. will post 1.5 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, December 22nd. Shareholders of record on Friday, December 8th will be given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 2.00%. The ex-dividend date is Thursday, December 7th. Kforce’s dividend payout ratio is presently 33.57%.
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Several research analysts have recently issued reports on KFRC shares. Zacks Investment Research raised Kforce from a “sell” rating to a “hold” rating in a research note on Wednesday, October 4th. Robert W. Baird reaffirmed a “buy” rating and issued a $20.00 price objective on shares of Kforce in a research note on Tuesday, September 12th. BidaskClub downgraded Kforce from a “sell” rating to a “strong sell” rating in a research note on Wednesday, August 2nd. ValuEngine downgraded Kforce from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. Finally, SunTrust Banks, Inc. downgraded Kforce from a “buy” rating to a “hold” rating and lowered their price objective for the company from $23.00 to $22.00 in a research note on Wednesday, October 11th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and five have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $24.20.
A number of large investors have recently added to or reduced their stakes in the business. California Public Employees Retirement System increased its position in Kforce by 0.3% during 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 purchasing an additional 400 shares during the period. Parametric Portfolio Associates LLC increased its position in Kforce by 0.8% during the 1st quarter. Parametric Portfolio Associates LLC now owns 76,375 shares of the business services provider’s stock valued at $1,814,000 after purchasing an additional 637 shares during the period. Brandywine Global Investment Management LLC boosted its holdings in shares of 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 buying an additional 976 shares in the last quarter. Strs Ohio boosted its holdings in shares of 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 buying an additional 1,000 shares in the last quarter. Finally, American International Group Inc. boosted its holdings in shares of Kforce by 7.1% during the 1st quarter. American International Group Inc. now owns 15,103 shares of the business services provider’s stock worth $359,000 after buying an additional 1,001 shares in the last quarter. 78.40% of the stock is owned by institutional investors and hedge funds.
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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