Kforce Inc. (NASDAQ:KFRC) Director Ralph Struzziero Sells 1,500 Shares

Kforce Inc. (NASDAQ:KFRC) Director Ralph Struzziero sold 1,500 shares of Kforce stock in a transaction on Monday, December 18th. The shares were sold at an average price of $26.55, for a total transaction of $39,825.00. Following the completion of the sale, the director now directly owns 47,264 shares of the company’s stock, valued at approximately $1,254,859.20. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Ralph Struzziero also recently made the following trade(s):

  • On Monday, January 8th, Ralph Struzziero sold 1,229 shares of Kforce stock. The stock was sold at an average price of $27.05, for a total transaction of $33,244.45.
  • On Friday, December 15th, Ralph Struzziero sold 2,000 shares of Kforce stock. The stock was sold at an average price of $25.55, for a total transaction of $51,100.00.
  • On Tuesday, December 5th, Ralph Struzziero sold 4,500 shares of Kforce stock. The shares were sold at an average price of $25.85, for a total transaction of $116,325.00.

Shares of Kforce Inc. (KFRC) opened at $26.90 on Friday. Kforce Inc. has a 12-month low of $16.75 and a 12-month high of $27.30. The stock has a market cap of $711.97, a price-to-earnings ratio of 18.94 and a beta of 1.68. The company has a current ratio of 2.95, a quick ratio of 2.95 and a debt-to-equity ratio of 0.91.

Kforce (NASDAQ:KFRC) last announced its earnings results on Tuesday, October 31st. The business services provider reported $0.45 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.45. Kforce had a net margin of 2.71% and a return on equity of 28.83%. The business had revenue of $341.05 million during the quarter, compared to analysts’ expectations of $340.67 million. During the same quarter in the prior year, the company posted $0.44 earnings per share. The firm’s revenue was up .2% on a year-over-year basis. research analysts expect that Kforce Inc. will post 1.5 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Friday, December 22nd. Shareholders of record on Friday, December 8th were paid a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 1.78%. The ex-dividend date of this dividend was Thursday, December 7th. Kforce’s dividend payout ratio is currently 33.80%.

A number of research firms recently weighed in on KFRC. BidaskClub raised shares of Kforce from a “buy” rating to a “strong-buy” rating in a research note on Tuesday. Zacks Investment Research lowered shares of Kforce from a “buy” rating to a “hold” rating in a research report on Tuesday. Northcoast Research upgraded shares of Kforce from a “neutral” rating to a “buy” rating in a research report on Monday, November 6th. Robert W. Baird reiterated a “buy” rating and set a $25.00 target price on shares of Kforce in a research report on Friday, November 3rd. Finally, ValuEngine raised shares of Kforce from a “hold” rating to a “buy” rating in a research note on Friday, October 27th. Five analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $24.83.

A number of hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. lifted its stake in Kforce by 1.7% in the second quarter. Vanguard Group Inc. now owns 2,067,198 shares of the business services provider’s stock valued at $40,517,000 after acquiring an additional 33,998 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in Kforce by 4.4% in the second quarter. Dimensional Fund Advisors LP now owns 1,435,611 shares of the business services provider’s stock valued at $28,138,000 after acquiring an additional 60,783 shares during the last quarter. Macquarie Group Ltd. lifted its stake in Kforce by 22.2% in the third quarter. Macquarie Group Ltd. now owns 1,387,703 shares of the business services provider’s stock valued at $28,032,000 after acquiring an additional 251,643 shares during the last quarter. Investment Counselors of Maryland LLC lifted its stake in Kforce by 6.5% in the third quarter. Investment Counselors of Maryland LLC now owns 1,070,029 shares of the business services provider’s stock valued at $21,615,000 after acquiring an additional 65,258 shares during the last quarter. Finally, Deprince Race & Zollo Inc. lifted its stake in Kforce by 4.4% in the third quarter. Deprince Race & Zollo Inc. now owns 747,427 shares of the business services provider’s stock valued at $15,098,000 after acquiring an additional 31,768 shares during the last quarter. Hedge funds and other institutional investors own 78.77% of the company’s stock.

TRADEMARK VIOLATION NOTICE: “Kforce Inc. (NASDAQ:KFRC) Director Ralph Struzziero Sells 1,500 Shares” was posted by StockNewsTimes and is the property of of StockNewsTimes. If you are accessing this piece on another website, it was illegally stolen and republished in violation of U.S. and international trademark and copyright law. The correct version of this piece can be read at https://stocknewstimes.com/2018/01/12/kforce-inc-kfrc-director-sells-39825-00-in-stock.html.

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.

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

Receive News & Ratings for Kforce Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kforce and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply