BidaskClub downgraded shares of Kforce, Inc. (NASDAQ:KFRC) from a hold rating to a sell rating in a research note issued to investors on Thursday morning.
Other research analysts also recently issued reports about the company. Zacks Investment Research downgraded Kforce from a hold rating to a sell rating in a research note on Wednesday, May 3rd. TheStreet downgraded Kforce from a b- rating to a c+ rating in a research note on Wednesday, May 31st. Finally, ValuEngine upgraded Kforce from a hold rating to a buy rating in a research note 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. The company has a consensus rating of Hold and a consensus price target of $24.50.
Shares of Kforce (KFRC) traded down 1.35% during midday trading on Thursday, reaching $18.30. The company’s stock had a trading volume of 127,206 shares. Kforce has a 12 month low of $15.95 and a 12 month high of $26.95. The firm has a market cap of $461.76 million, a price-to-earnings ratio of 13.59 and a beta of 1.55. The company has a 50-day moving average price of $19.07 and a 200-day moving average price of $21.53.
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In other news, CEO David L. Dunkel sold 8,000 shares of Kforce stock in a transaction that occurred on Friday, May 26th. The stock was sold at an average price of $18.32, for a total transaction of $146,560.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, COO Kye L. Mitchell sold 8,838 shares of Kforce stock in a transaction that occurred on Friday, May 5th. The stock was sold at an average price of $20.68, for a total value of $182,769.84. The disclosure for this sale can be found here. Insiders have sold a total of 18,838 shares of company stock valued at $371,330 over the last quarter. 13.30% of the stock is currently owned by corporate insiders.
Several hedge funds and other institutional investors have recently modified their holdings of KFRC. Two Sigma Investments LP acquired a new position in shares of Kforce during the fourth quarter valued at approximately $356,000. State Street Corp increased its position in shares of Kforce by 2.9% in the fourth quarter. State Street Corp now owns 488,886 shares of the business services provider’s stock valued at $11,293,000 after buying an additional 13,643 shares in the last quarter. Dubuque Bank & Trust Co. acquired a new position in shares of Kforce during the first quarter valued at approximately $226,000. Tributary Capital Management LLC increased its position in shares of Kforce by 24.2% in the first quarter. Tributary Capital Management LLC now owns 620,837 shares of the business services provider’s stock valued at $14,745,000 after buying an additional 120,989 shares in the last quarter. Finally, Bogle Investment Management L P DE acquired a new position in shares of Kforce during the first quarter valued at approximately $414,000. Institutional investors own 77.74% of the company’s stock.
About Kforce
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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