Shares of Kforce, Inc. (NASDAQ:KFRC) have earned a consensus recommendation of “Hold” from the ten ratings firms that are presently covering the company, MarketBeat.com reports. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $23.50.

A number of research firms have issued reports on KFRC. Deutsche Bank AG reduced their target price on shares of Kforce from $25.00 to $22.00 and set a “hold” rating on the stock in a report on Wednesday, August 2nd. BidaskClub downgraded shares of Kforce from a “hold” rating to a “sell” rating in a research note on Thursday, July 27th. ValuEngine downgraded shares of Kforce from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. Zacks Investment Research lowered Kforce from a “hold” rating to a “sell” rating in a research report on Thursday, August 3rd. Finally, Robert W. Baird reaffirmed a “buy” rating and set a $20.00 price objective on shares of Kforce in a research report on Tuesday, September 12th.

In other Kforce news, COO Kye L. Mitchell sold 5,000 shares of the business’s stock in a transaction that occurred on Thursday, September 7th. The shares were sold at an average price of $17.99, for a total transaction of $89,950.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 13.30% of the stock is owned by insiders.

Institutional investors and hedge funds have recently made changes to their positions in the company. BNP Paribas Arbitrage SA raised its holdings in shares of 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 purchasing an additional 4,590 shares in the last quarter. FNY Managed Accounts LLC grew its stake in shares of Kforce by 117.8% during the second quarter. FNY Managed Accounts LLC now owns 5,445 shares of the business services provider’s stock worth $106,000 after purchasing an additional 2,945 shares in the last quarter. Dubuque Bank & Trust Co. grew its stake in shares of Kforce by 22.7% during the second quarter. Dubuque Bank & Trust Co. now owns 11,665 shares of the business services provider’s stock worth $229,000 after purchasing an additional 2,158 shares in the last quarter. AXA acquired a new position in shares of Kforce during the second quarter worth $261,000. Finally, KBC Group NV acquired a new position in shares of Kforce during the second quarter worth $266,000. Institutional investors and hedge funds own 78.42% of the company’s stock.

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Kforce (NASDAQ:KFRC) opened at 20.45 on Wednesday. The company has a market capitalization of $517.18 million, a price-to-earnings ratio of 14.91 and a beta of 1.58. Kforce has a 52-week low of $15.95 and a 52-week high of $26.95. The stock has a 50 day moving average price of $18.42 and a 200 day moving average price of $19.66.

Kforce (NASDAQ:KFRC) last announced its quarterly earnings data on Tuesday, August 1st. The business services provider reported $0.44 earnings per share for the quarter, missing analysts’ consensus estimates of $0.46 by ($0.02). Kforce had a net margin of 2.64% and a return on equity of 29.67%. The business had revenue of $340.31 million during the quarter, compared to analyst estimates of $345.24 million. During the same quarter last year, the firm posted $0.41 EPS. The company’s revenue for the quarter was up 1.6% on a year-over-year basis. On average, equities analysts expect that Kforce will post $1.51 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Friday, September 22nd. Investors of record on Friday, September 8th were paid a dividend of $0.12 per share. The ex-dividend date was Thursday, September 7th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.35%. Kforce’s payout ratio is 35.04%.

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.

Analyst Recommendations for Kforce (NASDAQ:KFRC)

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