Kforce Inc. (KFRC) Stock Price Up 2.1%
Kforce Inc. (NASDAQ:KFRC)’s share price rose 2.1% on Thursday . The company traded as high as $19.38 and last traded at $19.24, with a volume of 154,730 shares. 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’s 50-day moving average is $18.09 and its 200 day moving average is $18.79. The stock has a market cap of $504.72 million and a PE ratio of 13.11.
Kforce (NASDAQ:KFRC) last posted its earnings results on Tuesday, May 3rd. The company reported $0.24 EPS for the quarter, missing analysts’ consensus estimates of $0.25 by $0.01. The company earned $322.20 million during the quarter, compared to the consensus estimate of $324.50 million. During the same quarter in the prior year, the company earned $0.20 EPS. The company’s quarterly revenue was up 3.1% compared to the same quarter last year. Equities research analysts anticipate that Kforce Inc. will post $1.63 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Friday, June 24th. Investors of record on Friday, June 10th were given a $0.12 dividend. The ex-dividend date of this dividend was Wednesday, June 8th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.49%.
In related news, COO Kye L. Mitchell sold 5,000 shares of the business’s stock in a transaction dated 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 in the company, valued at $2,166,908.67. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CMO Jeffrey T. Neal sold 5,666 shares of the business’s stock in a transaction dated Thursday, June 9th. The stock was sold at an average price of $19.29, for a total value of $109,297.14. Following the completion of the sale, the chief marketing officer now owns 117,013 shares in the company, valued at $2,257,180.77. The disclosure for this sale can be found here.
Other large investors have recently bought and sold shares of the company. Foresters Investment Management Company Inc. increased its stake in Kforce by 15.2% in the fourth quarter. Foresters Investment Management Company Inc. now owns 340,500 shares of the company’s stock worth $8,608,000 after buying an additional 45,000 shares in the last quarter. Pear Tree Advisors Inc. purchased a new stake in Kforce during the fourth quarter worth approximately $3,026,000. Matarin Capital Management LLC purchased a new stake in Kforce during the fourth quarter worth approximately $4,369,000. Redwood Investments LLC increased its stake in Kforce by 21.9% in the fourth quarter. Redwood Investments LLC now owns 100,723 shares of the company’s stock worth $2,546,000 after buying an additional 18,072 shares in the last quarter. Finally, RidgeWorth Capital Management LLC purchased a new stake in Kforce during the fourth quarter worth approximately $3,576,000.
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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