Brokerages Set Kforce (KFRC) Target Price at $27.60

Shares of Kforce (NASDAQ:KFRC) have been assigned an average recommendation of “Buy” from the eight research firms that are currently covering the firm, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $27.60.

Several brokerages have issued reports on KFRC. BidaskClub raised Kforce from a “buy” rating to a “strong-buy” rating in a research report on Saturday. Northcoast Research cut Kforce from a “buy” rating to a “neutral” rating and set a $33.00 target price on the stock. in a research report on Friday, June 1st. ValuEngine raised Kforce from a “hold” rating to a “buy” rating in a research report on Wednesday, May 2nd. Finally, Zacks Investment Research cut Kforce from a “buy” rating to a “hold” rating in a research report on Wednesday, April 11th.

In other news, CEO David L. Dunkel sold 24,987 shares of the firm’s stock in a transaction on Wednesday, May 2nd. The stock was sold at an average price of $29.88, for a total value of $746,611.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, President Joseph J. Liberatore sold 24,041 shares of the firm’s stock in a transaction on Monday, May 7th. The stock was sold at an average price of $32.06, for a total value of $770,754.46. The disclosure for this sale can be found here. Insiders sold a total of 130,519 shares of company stock valued at $4,161,019 in the last three months. Insiders own 13.30% of the company’s stock.



Institutional investors and hedge funds have recently modified their holdings of the business. Ramsey Quantitative Systems acquired a new stake in Kforce during the 4th quarter worth about $111,000. Advisor Group Inc. lifted its position in Kforce by 91.2% during the 4th quarter. Advisor Group Inc. now owns 4,660 shares of the business services provider’s stock worth $118,000 after acquiring an additional 2,223 shares during the period. Citigroup Inc. lifted its position in Kforce by 84.0% during the 1st quarter. Citigroup Inc. now owns 6,848 shares of the business services provider’s stock worth $185,000 after acquiring an additional 3,127 shares during the period. Verition Fund Management LLC acquired a new stake in Kforce during the 1st quarter worth about $203,000. Finally, Koch Industries Inc. acquired a new stake in Kforce during the 1st quarter worth about $206,000. 79.05% of the stock is owned by institutional investors.

Kforce traded up $0.85, hitting $36.65, during midday trading on Monday, according to Marketbeat Ratings. 302,643 shares of the company traded hands, compared to its average volume of 214,453. The company has a current ratio of 3.07, a quick ratio of 3.06 and a debt-to-equity ratio of 0.93. The stock has a market capitalization of $934.90 million, a PE ratio of 23.34 and a beta of 1.63. Kforce has a 52 week low of $16.75 and a 52 week high of $36.75.

Kforce (NASDAQ:KFRC) last announced its earnings results on Tuesday, May 1st. The business services provider reported $0.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.36 by $0.01. The business had revenue of $346.30 million for the quarter, compared to analysts’ expectations of $344.19 million. Kforce had a return on equity of 31.73% and a net margin of 2.67%. The business’s revenue for the quarter was up 3.7% on a year-over-year basis. During the same quarter last year, the firm earned $0.23 EPS. equities analysts predict that Kforce will post 2.2 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 22nd. Stockholders of record on Friday, June 8th will be given a $0.12 dividend. The ex-dividend date of this dividend is Thursday, June 7th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.31%. Kforce’s payout ratio is 30.57%.

About Kforce

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.

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.

Leave a Reply