Kforce Inc. (KFRC) Director Sells $33,244.45 in Stock
Kforce Inc. (NASDAQ:KFRC) Director Ralph Struzziero sold 1,229 shares of Kforce stock in a transaction on Monday, January 8th. The stock was sold at an average price of $27.05, for a total transaction of $33,244.45. Following the sale, the director now directly owns 46,035 shares in the company, valued at approximately $1,245,246.75. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.
Ralph Struzziero also recently made the following trade(s):
- On Monday, December 18th, Ralph Struzziero sold 1,500 shares of Kforce stock. The stock was sold at an average price of $26.55, for a total transaction of $39,825.00.
- On Friday, December 15th, Ralph Struzziero sold 2,000 shares of Kforce stock. The stock was sold at an average price of $25.55, for a total transaction of $51,100.00.
- On Tuesday, December 5th, Ralph Struzziero sold 4,500 shares of Kforce stock. The stock was sold at an average price of $25.85, for a total transaction of $116,325.00.
Shares of Kforce Inc. (NASDAQ KFRC) remained flat at $$26.85 during mid-day trading on Tuesday. 117,659 shares of the stock traded hands, compared to its average volume of 108,233. The company has a debt-to-equity ratio of 0.91, a quick ratio of 2.95 and a current ratio of 2.95. The stock has a market cap of $710.65, a price-to-earnings ratio of 18.91 and a beta of 1.68. Kforce Inc. has a 12-month low of $16.75 and a 12-month high of $27.30.
Kforce (NASDAQ:KFRC) last announced its quarterly earnings results on Tuesday, October 31st. The business services provider reported $0.45 earnings per share for the quarter, meeting the 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 net margin of 2.71% and a return on equity of 28.83%. The company’s revenue was up .2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.44 EPS. sell-side analysts expect that Kforce Inc. will post 1.5 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, December 22nd. Investors of record on Friday, December 8th were issued a $0.12 dividend. The ex-dividend date of this dividend was Thursday, December 7th. This represents a $0.48 annualized dividend and a yield of 1.79%. Kforce’s dividend payout ratio (DPR) is currently 33.80%.
Several brokerages have recently weighed in on KFRC. BidaskClub raised shares of Kforce from a “buy” rating to a “strong-buy” rating in a research report on Tuesday. Zacks Investment Research cut shares of Kforce from a “buy” rating to a “hold” rating in a research report on Tuesday. Northcoast Research raised shares of Kforce from a “neutral” rating to a “buy” rating in a research report on Monday, November 6th. Robert W. Baird reissued a “buy” rating and set a $25.00 price target on shares of Kforce in a research report on Friday, November 3rd. Finally, ValuEngine raised shares of Kforce from a “hold” rating to a “buy” rating in a research report on Friday, October 27th. Five investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $24.83.
Institutional investors and hedge funds have recently modified their holdings of the stock. BNP Paribas Arbitrage SA raised its holdings in Kforce by 612.0% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 5,340 shares of the business services provider’s stock valued at $105,000 after buying an additional 4,590 shares during the period. FNY Managed Accounts LLC raised its holdings in Kforce by 117.8% in the 2nd quarter. FNY Managed Accounts LLC now owns 5,445 shares of the business services provider’s stock valued at $106,000 after buying an additional 2,945 shares during the period. Campbell & CO Investment Adviser LLC purchased a new stake in Kforce in the 3rd quarter valued at about $213,000. Aperio Group LLC purchased a new stake in Kforce in the 3rd quarter valued at about $216,000. Finally, AXA purchased a new stake in Kforce in the 2nd quarter valued at about $261,000. Hedge funds and other institutional investors 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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