Kforce Inc. (NASDAQ:KFRC – Get Rating) Director N John Simmons sold 3,500 shares of the stock in a transaction dated Friday, May 20th. The shares were sold at an average price of $65.25, for a total value of $228,375.00. Following the sale, the director now owns 14,421 shares of the company’s stock, valued at $940,970.25. The sale was disclosed in a filing with the SEC, which is available through the SEC website.
Kforce stock traded down $0.14 during mid-day trading on Monday, hitting $65.70. The stock had a trading volume of 89,097 shares, compared to its average volume of 103,690. The company has a current ratio of 2.21, a quick ratio of 2.21 and a debt-to-equity ratio of 0.50. Kforce Inc. has a one year low of $55.94 and a one year high of $81.47. The firm’s 50 day moving average is $72.48 and its 200 day moving average is $72.86. The firm has a market capitalization of $1.40 billion, a P/E ratio of 16.91 and a beta of 1.06.
Kforce (NASDAQ:KFRC – Get Rating) last released its quarterly earnings data on Monday, May 2nd. The business services provider reported $0.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.76 by $0.17. Kforce had a net margin of 4.96% and a return on equity of 42.52%. The firm had revenue of $416.97 million for the quarter, compared to analysts’ expectations of $408.02 million. During the same quarter last year, the business posted $0.62 earnings per share. As a group, equities research analysts forecast that Kforce Inc. will post 4.39 earnings per share for the current year.
Institutional investors have recently modified their holdings of the company. California State Teachers Retirement System increased its holdings in shares of Kforce by 0.6% in the fourth quarter. California State Teachers Retirement System now owns 27,389 shares of the business services provider’s stock worth $2,060,000 after purchasing an additional 158 shares during the last quarter. IHT Wealth Management LLC raised its holdings in shares of Kforce by 3.9% during the 4th quarter. IHT Wealth Management LLC now owns 4,379 shares of the business services provider’s stock worth $329,000 after acquiring an additional 164 shares in the last quarter. Bank of Montreal Can raised its holdings in shares of Kforce by 0.7% during the 1st quarter. Bank of Montreal Can now owns 25,409 shares of the business services provider’s stock worth $1,917,000 after acquiring an additional 184 shares in the last quarter. Diversified Trust Co boosted its position in shares of Kforce by 2.4% during the 4th quarter. Diversified Trust Co now owns 11,472 shares of the business services provider’s stock valued at $863,000 after acquiring an additional 272 shares during the last quarter. Finally, Voya Investment Management LLC grew its holdings in shares of Kforce by 3.6% in the third quarter. Voya Investment Management LLC now owns 8,387 shares of the business services provider’s stock valued at $500,000 after purchasing an additional 291 shares in the last quarter. Hedge funds and other institutional investors own 87.40% of the company’s stock.
KFRC has been the topic of several recent analyst reports. Truist Financial lifted their price target on shares of Kforce from $70.00 to $80.00 and gave the company a “hold” rating in a report on Tuesday, February 8th. StockNews.com began coverage on Kforce in a research report on Thursday, March 31st. They set a “buy” rating for the company. Finally, Zacks Investment Research raised shares of Kforce from a “hold” rating to a “buy” rating and set a $82.00 target price for the company in a report on Thursday, May 5th.
About Kforce (Get Rating)
Kforce Inc provides professional staffing services and solutions in the United States. It operates through two segments, Technology, and Finance and Accounting (FA). The Technology segment provides talent solutions to its clients primarily in the areas of information technology, such as systems/applications architecture and development, data management and analytics, business and artificial intelligence, machine learning, project and program management, and network architecture and security.
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