Shares of Kforce Inc. (NASDAQ:KFRC) have been given an average recommendation of “Hold” by the seven research firms that are currently covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, four have given a hold recommendation and two have assigned a buy recommendation to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $41.40.

Several research firms have recently commented on KFRC. BidaskClub cut Kforce from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, September 12th. Credit Suisse Group began coverage on Kforce in a research note on Friday, August 10th. They set a “neutral” rating and a $38.00 target price for the company. Finally, ValuEngine cut Kforce from a “buy” rating to a “hold” rating in a research note on Thursday, November 1st.

In related news, Director Ralph Struzziero sold 3,000 shares of the firm’s stock in a transaction on Monday, September 17th. The stock was sold at an average price of $39.55, for a total transaction of $118,650.00. Following the transaction, the director now directly owns 41,535 shares in the company, valued at $1,642,709.25. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO David M. Kelly sold 2,000 shares of the firm’s stock in a transaction on Wednesday, November 7th. The stock was sold at an average price of $32.66, for a total value of $65,320.00. The disclosure for this sale can be found here. Insiders have sold 35,438 shares of company stock worth $1,217,692 over the last 90 days. 13.30% of the stock is currently owned by company insiders.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Victory Capital Management Inc. lifted its stake in Kforce by 15.9% during the second quarter. Victory Capital Management Inc. now owns 10,968 shares of the business services provider’s stock worth $376,000 after purchasing an additional 1,504 shares during the last quarter. MetLife Investment Advisors LLC lifted its stake in Kforce by 15.5% during the third quarter. MetLife Investment Advisors LLC now owns 14,657 shares of the business services provider’s stock worth $551,000 after purchasing an additional 1,965 shares during the last quarter. Stone Ridge Asset Management LLC lifted its stake in Kforce by 6.5% during the third quarter. Stone Ridge Asset Management LLC now owns 38,897 shares of the business services provider’s stock worth $1,463,000 after purchasing an additional 2,358 shares during the last quarter. State Board of Administration of Florida Retirement System lifted its stake in Kforce by 7.9% during the third quarter. State Board of Administration of Florida Retirement System now owns 32,685 shares of the business services provider’s stock worth $1,229,000 after purchasing an additional 2,399 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its stake in Kforce by 8.3% during the third quarter. JPMorgan Chase & Co. now owns 34,082 shares of the business services provider’s stock worth $1,282,000 after purchasing an additional 2,600 shares during the last quarter. Hedge funds and other institutional investors own 82.33% of the company’s stock.

Shares of Kforce stock traded down $0.65 on Monday, hitting $29.50. 218,855 shares of the company’s stock traded hands, compared to its average volume of 132,205. The stock has a market cap of $785.87 million, a P/E ratio of 18.79 and a beta of 1.74. The company has a current ratio of 2.66, a quick ratio of 2.66 and a debt-to-equity ratio of 0.49. Kforce has a 52-week low of $23.80 and a 52-week high of $43.51.

Kforce (NASDAQ:KFRC) last released its earnings results on Wednesday, October 31st. The business services provider reported $0.64 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.66 by ($0.02). The business had revenue of $355.45 million for the quarter, compared to analysts’ expectations of $356.89 million. Kforce had a net margin of 3.40% and a return on equity of 36.45%. The business’s quarterly revenue was up 4.2% compared to the same quarter last year. During the same quarter last year, the company posted $0.45 earnings per share. As a group, equities analysts predict that Kforce will post 2.21 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 21st. Investors of record on Friday, December 7th will be paid a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a yield of 2.44%. The ex-dividend date of this dividend is Thursday, December 6th. Kforce’s dividend payout ratio (DPR) is presently 45.86%.

About Kforce

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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