Kforce Inc. (KFRC) Stock Price Down 3.2%
Kforce Inc. (NASDAQ:KFRC)’s share price was down 3.2% on Wednesday . The company traded as low as $18.80 and last traded at $18.98, with a volume of 228,219 shares. The stock had previously closed at $19.60.
Separately, Zacks Investment Research raised Kforce from a “sell” rating to a “hold” rating in a report on Wednesday, July 6th.
The firm has a market capitalization of $508.65 million and a PE ratio of 13.21. The company’s 50-day moving average is $18.07 and its 200-day moving average is $18.68.
Kforce (NASDAQ:KFRC) last issued its quarterly earnings data on Tuesday, May 3rd. The company reported $0.24 earnings per share (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 analyst estimates of $324.50 million. During the same period last year, the business earned $0.20 earnings per share. Kforce’s quarterly revenue was up 3.1% on a year-over-year basis. Equities research analysts predict that Kforce Inc. will post $1.63 EPS for the current fiscal year.
In related news, CMO Jeffrey T. Neal sold 5,666 shares of the stock in a transaction that occurred on 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 transaction, the chief marketing officer now directly owns 117,013 shares of the company’s stock, valued at approximately $2,257,180.77. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, COO Kye L. Mitchell sold 5,000 shares of the stock in a transaction that occurred 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 completion of the transaction, 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.
A number of institutional investors have modified their holdings of the company. RidgeWorth Capital Management LLC acquired a new position in shares of Kforce during the fourth quarter worth about $3,576,000. Pear Tree Advisors Inc. acquired a new position in shares of Kforce during the fourth quarter worth about $3,026,000. Redwood Investments LLC raised its position in shares of 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 during the period. California State Teachers Retirement System raised its position 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 worth $1,156,000 after buying an additional 900 shares during the period. Finally, New York State Common Retirement Fund raised its position 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 worth $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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