Kforce, Inc. (KFRC) Stock Rating Reaffirmed by Robert W. Baird
Kforce, Inc. (NASDAQ:KFRC)‘s stock had its “buy” rating reissued by equities researchers at Robert W. Baird in a research report issued to clients and investors on Friday. They currently have a $25.00 price objective on the business services provider’s stock. Robert W. Baird’s price objective suggests a potential upside of 7.53% from the stock’s previous close.
KFRC has been the subject of several other reports. Deutsche Bank AG decreased their target price on shares of Kforce from $25.00 to $22.00 and set a “hold” rating for the company in a research report on Wednesday, August 2nd. ValuEngine raised shares of Kforce from a “hold” rating to a “buy” rating in a research report on Friday, October 27th. BidaskClub downgraded shares of Kforce from a “hold” rating to a “sell” rating in a research report on Thursday, July 27th. Zacks Investment Research downgraded shares of Kforce from a “hold” rating to a “sell” rating in a research report on Saturday, October 28th. Finally, TheStreet raised shares of Kforce from a “c+” rating to a “b” rating in a research report on Monday, October 2nd. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $24.20.
Kforce (KFRC) traded down $0.35 during trading hours on Friday, hitting $23.25. 93,819 shares of the stock traded hands, compared to its average volume of 106,068. The company has a current ratio of 2.95, a quick ratio of 2.98 and a debt-to-equity ratio of 0.91. The company has a market capitalization of $615.36, a P/E ratio of 15.71 and a beta of 1.57. Kforce has a one year low of $16.30 and a one year high of $26.95.
Kforce (NASDAQ:KFRC) last posted its earnings results on Tuesday, October 31st. The business services provider reported $0.45 EPS for the quarter, hitting the consensus estimate of $0.45. The company 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 firm’s revenue for the quarter was up .2% on a year-over-year basis. During the same period in the previous year, the firm posted $0.44 earnings per share. equities research analysts predict that Kforce will post 1.5 earnings per share for the current year.
In other Kforce news, COO Kye L. Mitchell sold 5,000 shares of the company’s stock in a transaction dated Thursday, September 7th. The shares were sold at an average price of $17.99, for a total value of $89,950.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 13.30% of the company’s stock.
Hedge funds have recently modified their holdings of the business. BNP Paribas Arbitrage SA grew its position 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 worth $105,000 after purchasing an additional 4,590 shares in the last quarter. FNY Managed Accounts LLC grew its position 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 worth $106,000 after purchasing an additional 2,945 shares in the last quarter. Aperio Group LLC bought a new stake in Kforce in the 3rd quarter worth about $216,000. Dubuque Bank & Trust Co. grew its position in Kforce by 22.7% in the 2nd 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. Finally, AXA bought a new stake in Kforce in the 2nd quarter worth about $261,000. 78.54% 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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