BidaskClub lowered shares of Kforce (NASDAQ:KFRC) from a hold rating to a sell rating in a report issued on Friday.

A number of other research firms have also issued reports on KFRC. ValuEngine lowered shares of Kforce from a buy rating to a hold rating in a research report on Thursday, November 1st. Credit Suisse Group started coverage on shares of Kforce in a research report on Friday, August 10th. They set a neutral rating and a $38.00 price target for the company. One analyst has rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company’s stock. Kforce presently has a consensus rating of Hold and a consensus price target of $41.40.

KFRC opened at $29.84 on Friday. Kforce has a 12-month low of $23.80 and a 12-month high of $43.51. The company has a quick ratio of 2.66, a current ratio of 2.66 and a debt-to-equity ratio of 0.49. The company has a market cap of $768.92 million, a price-to-earnings ratio of 19.01 and a beta of 1.74.

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

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 21st. Stockholders of record on Friday, December 7th will be paid a dividend of $0.18 per share. The ex-dividend date of this dividend is Thursday, December 6th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 2.41%. Kforce’s payout ratio is 45.86%.

In other news, Director Gordon Tunstall sold 6,000 shares of the firm’s stock in a transaction that occurred on Monday, November 19th. The shares were sold at an average price of $30.40, for a total transaction of $182,400.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO David M. Kelly sold 2,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 7th. The stock was sold at an average price of $32.66, for a total transaction of $65,320.00. The disclosure for this sale can be found here. Insiders have sold a total of 35,438 shares of company stock worth $1,217,692 in the last ninety days. Corporate insiders own 12.50% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of KFRC. Zebra Capital Management LLC acquired a new stake in shares of Kforce during the 2nd quarter worth approximately $217,000. United Services Automobile Association acquired a new stake in shares of Kforce during the 3rd quarter worth approximately $223,000. Baird Financial Group Inc. acquired a new stake in shares of Kforce during the 2nd quarter worth approximately $226,000. Caxton Associates LP acquired a new stake in shares of Kforce during the 3rd quarter worth approximately $252,000. Finally, Paloma Partners Management Co acquired a new stake in shares of Kforce during the 2nd quarter worth approximately $281,000. 82.22% of the stock is currently owned by institutional investors and hedge funds.

Kforce Company Profile

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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