Kforce Inc. (NASDAQ:KFRC) COO Kye L. Mitchell sold 15,907 shares of the company’s stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $24.65, for a total value of $392,107.55. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Shares of Kforce Inc. (NASDAQ KFRC) opened at $27.85 on Friday. The firm has a market cap of $722.56, a P/E ratio of 17.39 and a beta of 1.73. 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 Inc. has a 52-week low of $16.75 and a 52-week high of $27.85.
Kforce (NASDAQ:KFRC) last released its earnings results on Tuesday, February 6th. The business services provider reported $0.45 earnings per share for the quarter, beating analysts’ consensus estimates of $0.43 by $0.02. The business had revenue of $342.60 million during the quarter, compared to the consensus estimate of $340.02 million. Kforce had a net margin of 2.45% and a return on equity of 29.84%. The company’s revenue for the quarter was up 5.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.36 EPS. equities research analysts forecast that Kforce Inc. will post 2.13 earnings per share for the current fiscal year.
A number of analysts have weighed in on the stock. ValuEngine raised shares of Kforce from a “hold” rating to a “buy” rating in a research report on Friday, October 27th. Zacks Investment Research downgraded shares of Kforce from a “hold” rating to a “sell” rating in a research report on Saturday, October 28th. Robert W. Baird reissued a “buy” rating and set a $25.00 target price on shares of Kforce in a research report on Friday, November 3rd. Northcoast Research raised shares of Kforce from a “neutral” rating to a “buy” rating in a research report on Monday, November 6th. Finally, BidaskClub downgraded shares of Kforce from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, December 27th. Four analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $26.50.
Several hedge funds have recently made changes to their positions in the company. MetLife Investment Advisors LLC acquired a new stake in shares of Kforce during the 4th quarter worth approximately $320,000. Macquarie Group Ltd. grew its position in shares of Kforce by 11.6% during the 4th quarter. Macquarie Group Ltd. now owns 1,549,201 shares of the business services provider’s stock worth $39,117,000 after buying an additional 161,498 shares during the period. Millennium Management LLC grew its position in shares of Kforce by 27.5% during the 4th quarter. Millennium Management LLC now owns 310,255 shares of the business services provider’s stock worth $7,834,000 after buying an additional 66,858 shares during the period. Teachers Advisors LLC grew its position in shares of Kforce by 3.0% during the 4th quarter. Teachers Advisors LLC now owns 133,814 shares of the business services provider’s stock worth $3,379,000 after buying an additional 3,872 shares during the period. Finally, Two Sigma Investments LP acquired a new stake in shares of Kforce during the 4th quarter worth approximately $1,049,000. 78.11% of the stock is owned by institutional investors.
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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