Kforce Inc. (NASDAQ:KFRC) CEO Sells $716,898.00 in Stock


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Kforce Inc. (NASDAQ:KFRC) CEO David L. Dunkel sold 13,130 shares of the stock in a transaction that occurred on Wednesday, April 7th. The stock was sold at an average price of $54.60, for a total transaction of $716,898.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

David L. Dunkel also recently made the following trade(s):

  • On Monday, April 5th, David L. Dunkel sold 14,361 shares of Kforce stock. The stock was sold at an average price of $54.39, for a total transaction of $781,094.79.
  • On Thursday, April 1st, David L. Dunkel sold 12,300 shares of Kforce stock. The stock was sold at an average price of $54.30, for a total transaction of $667,890.00.
  • On Monday, March 15th, David L. Dunkel sold 4,702 shares of Kforce stock. The stock was sold at an average price of $54.09, for a total transaction of $254,331.18.

Shares of NASDAQ:KFRC traded up $0.70 during midday trading on Thursday, reaching $55.16. 9,317 shares of the company’s stock traded hands, compared to its average volume of 118,728. Kforce Inc. has a 1 year low of $25.22 and a 1 year high of $55.42. The company has a market cap of $1.22 billion, a P/E ratio of 22.55 and a beta of 1.49. The company has a debt-to-equity ratio of 0.59, a quick ratio of 2.65 and a current ratio of 2.65. The company has a fifty day simple moving average of $52.26 and a two-hundred day simple moving average of $43.43.

Kforce (NASDAQ:KFRC) last announced its earnings results on Sunday, February 7th. The business services provider reported $0.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.77 by $0.09. The firm had revenue of $354.00 million for the quarter, compared to analyst estimates of $345.00 million. Kforce had a return on equity of 32.56% and a net margin of 3.77%. The business’s revenue was up 5.3% on a year-over-year basis. During the same quarter last year, the firm posted $0.66 EPS. As a group, research analysts forecast that Kforce Inc. will post 2.52 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 26th. Shareholders of record on Friday, March 12th were issued a $0.23 dividend. The ex-dividend date of this dividend was Thursday, March 11th. This represents a $0.92 dividend on an annualized basis and a yield of 1.67%. This is a positive change from Kforce’s previous quarterly dividend of $0.20. Kforce’s dividend payout ratio (DPR) is presently 39.15%.

Hedge funds have recently made changes to their positions in the business. Nisa Investment Advisors LLC purchased a new position in Kforce in the 4th quarter valued at $59,000. Federated Hermes Inc. increased its stake in shares of Kforce by 21.5% in the 3rd quarter. Federated Hermes Inc. now owns 1,970 shares of the business services provider’s stock worth $64,000 after acquiring an additional 349 shares during the last quarter. Victory Capital Management Inc. acquired a new stake in shares of Kforce in the 3rd quarter worth $207,000. Blair William & Co. IL acquired a new stake in shares of Kforce in the 4th quarter worth $226,000. Finally, Arizona State Retirement System acquired a new stake in shares of Kforce in the 4th quarter worth $241,000. Institutional investors own 77.34% of the company’s stock.

A number of equities research analysts have recently commented on KFRC shares. Credit Suisse Group raised their price objective on shares of Kforce from $37.00 to $45.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 9th. Truist Securities raised their price objective on shares of Kforce from $48.00 to $55.00 in a research note on Thursday, March 11th. Truist raised their price objective on shares of Kforce from $48.00 to $55.00 in a research note on Thursday, March 11th. Sidoti raised shares of Kforce from a “neutral” rating to a “buy” rating and set a $53.00 price objective on the stock in a research note on Monday, January 4th. Finally, Zacks Investment Research raised shares of Kforce from a “hold” rating to a “buy” rating and set a $53.00 price objective on the stock in a research note on Tuesday, February 9th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $46.86.

Kforce Company Profile

Kforce Inc provides professional staffing services and solutions in the United States and internationally. It operates through Technology (Tech) and Finance and Accounting (FA) 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, business and artificial intelligence, machine learning, network architecture, security, enterprise data, and project management.

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Insider Buying and Selling by Quarter for Kforce (NASDAQ:KFRC)

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