Kforce (NASDAQ:KFRC) was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating in a report issued on Thursday.

Several other brokerages have also weighed in on KFRC. Zacks Investment Research upgraded shares of Kforce from a “hold” rating to a “strong-buy” rating and set a $41.00 price objective on the stock in a report on Friday, February 8th. ValuEngine upgraded shares of Kforce from a “hold” rating to a “buy” rating in a report on Thursday, February 7th. One analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the company’s stock. Kforce presently has an average rating of “Hold” and an average target price of $40.20.

Shares of NASDAQ KFRC opened at $35.62 on Thursday. Kforce has a 1-year low of $25.60 and a 1-year high of $43.51. The stock has a market cap of $924.84 million, a PE ratio of 15.49 and a beta of 1.34. The company has a current ratio of 2.75, a quick ratio of 2.75 and a debt-to-equity ratio of 0.43.

Kforce (NASDAQ:KFRC) last announced its quarterly earnings data on Wednesday, February 6th. The business services provider reported $0.65 earnings per share for the quarter, beating the consensus estimate of $0.57 by $0.08. Kforce had a net margin of 4.09% and a return on equity of 37.58%. The firm had revenue of $358.00 million for the quarter, compared to analyst estimates of $352.21 million. During the same quarter in the prior year, the business earned $0.45 earnings per share. The business’s quarterly revenue was up 4.5% compared to the same quarter last year. Equities analysts anticipate that Kforce will post 2.52 EPS for the current year.

In related news, Director N John Simmons sold 2,500 shares of the company’s stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $35.97, for a total value of $89,925.00. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider Andrew G. Thomas sold 57,492 shares of the company’s stock in a transaction dated Monday, February 4th. The stock was sold at an average price of $33.19, for a total transaction of $1,908,159.48. The disclosure for this sale can be found here. Insiders sold a total of 140,264 shares of company stock worth $4,650,151 in the last 90 days. 12.50% of the stock is currently owned by company insiders.

A number of hedge funds have recently modified their holdings of the business. American Century Companies Inc. boosted its holdings in Kforce by 24.5% in the 4th quarter. American Century Companies Inc. now owns 334,211 shares of the business services provider’s stock worth $10,334,000 after buying an additional 65,858 shares during the period. Geode Capital Management LLC lifted its stake in Kforce by 7.3% in the 4th quarter. Geode Capital Management LLC now owns 436,134 shares of the business services provider’s stock worth $13,485,000 after purchasing an additional 29,569 shares in the last quarter. Deprince Race & Zollo Inc. lifted its stake in Kforce by 58.4% in the 4th quarter. Deprince Race & Zollo Inc. now owns 179,079 shares of the business services provider’s stock worth $5,537,000 after purchasing an additional 66,059 shares in the last quarter. Legal & General Group Plc lifted its stake in Kforce by 19.6% in the 4th quarter. Legal & General Group Plc now owns 4,301 shares of the business services provider’s stock worth $133,000 after purchasing an additional 706 shares in the last quarter. Finally, Globeflex Capital L P lifted its stake in Kforce by 4.7% in the 4th quarter. Globeflex Capital L P now owns 116,959 shares of the business services provider’s stock worth $3,616,000 after purchasing an additional 5,229 shares in the last quarter. 81.94% of the stock is 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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