Kforce, Inc. (NASDAQ:KFRC) Rating Lowered to Sell at BidaskClub
BidaskClub downgraded shares of Kforce, Inc. (NASDAQ:KFRC) from a hold rating to a sell rating in a report released on Thursday morning.
KFRC has been the topic of several other reports. TheStreet lowered Kforce from a b- rating to a c+ rating in a research report on Wednesday, May 31st. Zacks Investment Research lowered Kforce from a hold rating to a sell rating in a research report on Wednesday, May 3rd. Finally, ValuEngine raised Kforce from a hold rating to a buy rating in a research report on Tuesday, June 27th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the company’s stock. Kforce has an average rating of Hold and a consensus target price of $24.50.
Shares of Kforce (NASDAQ:KFRC) traded up 2.19% during midday trading on Thursday, hitting $18.70. The stock had a trading volume of 116,485 shares. The stock has a 50-day moving average price of $19.07 and a 200-day moving average price of $21.53. The stock has a market cap of $471.86 million, a P/E ratio of 13.88 and a beta of 1.55. Kforce has a 12-month low of $15.95 and a 12-month high of $26.95.
In related news, COO Kye L. Mitchell sold 8,838 shares of the stock in a transaction on Friday, May 5th. The stock was sold at an average price of $20.68, for a total value of $182,769.84. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO David L. Dunkel sold 8,000 shares of the stock in a transaction on Friday, May 26th. The stock was sold at an average price of $18.32, for a total value of $146,560.00. The disclosure for this sale can be found here. Insiders sold a total of 18,838 shares of company stock worth $371,330 over the last ninety days. Corporate insiders own 13.30% of the company’s stock.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in KFRC. Old Mutual Global Investors UK Ltd. bought a new position in Kforce during the first quarter valued at approximately $100,000. Dubuque Bank & Trust Co. bought a new position in Kforce during the first quarter valued at approximately $226,000. TFS Capital LLC raised its position in Kforce by 13.8% in the first quarter. TFS Capital LLC now owns 10,964 shares of the business services provider’s stock valued at $260,000 after buying an additional 1,331 shares during the period. O Shaughnessy Asset Management LLC raised its position in Kforce by 1.5% in the first quarter. O Shaughnessy Asset Management LLC now owns 13,966 shares of the business services provider’s stock valued at $332,000 after buying an additional 208 shares during the period. Finally, Strs Ohio raised its position in Kforce by 5.8% in the second quarter. Strs Ohio now owns 18,100 shares of the business services provider’s stock valued at $354,000 after buying an additional 1,000 shares during the period. 78.05% of the stock is currently owned by institutional investors.
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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