Kforce Inc. (KFRC) Stock Price Up 2.1%
Kforce Inc. (NASDAQ:KFRC) rose 2.1% during trading on Thursday . The stock traded as high as $19.38 and last traded at $19.24, with a volume of 154,730 shares traded. The stock had previously closed at $18.84.
Separately, Zacks Investment Research upgraded Kforce from a “sell” rating to a “hold” rating in a research note on Wednesday, July 6th.
The company has a 50 day moving average of $18.10 and a 200 day moving average of $18.83. The stock has a market capitalization of $502.90 million and a P/E ratio of 13.06.
Kforce (NASDAQ:KFRC) last released its quarterly earnings data on Tuesday, May 3rd. The company reported $0.24 earnings per share for the quarter, missing the consensus estimate of $0.25 by $0.01. During the same period in the previous year, the company posted $0.20 earnings per share. The firm earned $322.20 million during the quarter, compared to analyst estimates of $324.50 million. The firm’s quarterly revenue was up 3.1% on a year-over-year basis. Equities research analysts anticipate that Kforce Inc. will post $1.63 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, June 24th. Stockholders of record on Friday, June 10th were paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 2.49%. The ex-dividend date was Wednesday, June 8th.
In other news, CMO Jeffrey T. Neal sold 5,666 shares of the firm’s stock in a transaction on Thursday, June 9th. The stock was sold at an average price of $19.29, for a total transaction of $109,297.14. Following the completion of the sale, the chief marketing officer now directly owns 117,013 shares of the company’s stock, valued at approximately $2,257,180.77. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, COO Kye L. Mitchell sold 5,000 shares of the firm’s stock in a transaction on Monday, June 6th. The stock was sold at an average price of $19.59, for a total value of $97,950.00. Following the sale, the chief operating officer now directly owns 110,613 shares of the company’s stock, valued at $2,166,908.67. The disclosure for this sale can be found here.
Several large investors recently added to or reduced their stakes in KFRC. RidgeWorth Capital Management LLC bought a new stake in Kforce during the fourth quarter valued at $3,576,000. Pear Tree Advisors Inc. acquired a new stake in shares of Kforce during the fourth quarter valued at approximately $3,026,000. Redwood Investments LLC boosted its stake in shares of Kforce by 21.9% in the fourth quarter. Redwood Investments LLC now owns 100,723 shares of the company’s stock valued at $2,546,000 after buying an additional 18,072 shares during the period. California State Teachers Retirement System boosted its stake in shares of Kforce by 2.0% in the fourth quarter. California State Teachers Retirement System now owns 45,742 shares of the company’s stock valued at $1,156,000 after buying an additional 900 shares during the period. Finally, New York State Common Retirement Fund boosted its stake in shares of Kforce by 6.6% in the fourth quarter. New York State Common Retirement Fund now owns 66,565 shares of the company’s stock valued at $1,683,000 after buying an additional 4,115 shares during the period.
Kforce Inc is engaged in providing professional and technical specialty staffing services and solutions. The Company operates through three segments, which include Technology (Tech), which provides both temporary staffing and permanent placement services to its clients, focusing primarily on areas of information technology, such as systems/applications, e-commerce, technology infrastructure, network architecture and security; Finance and Accounting (FA), which is engaged in providing both temporary staffing and permanent placement services to its clients in areas, such as general accounting, business analysis and others, and Government Solutions (GS), which is engaged in providing services and solutions to the Federal Government as both a prime contractor and a subcontractor in the fields of information technology, and finance and accounting.
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