Kforce Inc. (KFRC) Stock Price Up 3%
Kforce Inc. (NASDAQ:KFRC) rose 3% during trading on Monday . The company traded as high as $19.11 and last traded at $19.09, with a volume of 174,143 shares changing hands. The stock had previously closed at $18.53.
KFRC has been the topic of a number of recent analyst reports. Credit Suisse Group AG reissued a “buy” rating and set a $21.00 price target on shares of Kforce in a report on Wednesday, August 3rd. Deutsche Bank AG initiated coverage on Kforce in a report on Wednesday, August 17th. They set a “hold” rating and a $19.00 price target on the stock. Finally, Zacks Investment Research raised Kforce from a “sell” rating to a “hold” rating in a report on Wednesday, July 6th.
The stock has a 50 day moving average of $18.14 and a 200 day moving average of $18.16. The stock has a market cap of $500.57 million and a PE ratio of 12.98.
Kforce (NASDAQ:KFRC) last released its earnings results on Tuesday, August 2nd. The company reported $0.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.40 by $0.01. During the same period in the previous year, the company earned $0.41 earnings per share. The firm earned $335 million during the quarter, compared to analyst estimates of $334.91 million. Kforce’s revenue was down .7% on a year-over-year basis. Equities analysts anticipate that Kforce Inc. will post $1.48 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, September 23rd. Investors of record on Friday, September 9th will be given a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 2.51%. The ex-dividend date of this dividend is Wednesday, September 7th.
In other Kforce news, COO Kye L. Mitchell sold 5,000 shares of the company’s stock in a transaction on Monday, June 6th. The shares were 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 transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CMO Jeffrey T. Neal sold 5,666 shares of the company’s stock in a transaction on Thursday, June 9th. The shares were 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 in the company, valued at $2,257,180.77. The disclosure for this sale can be found here.
A hedge fund recently bought a new stake in Kforce stock. Matarin Capital Management LLC purchased a new stake in shares of Kforce Inc. (NASDAQ:KFRC) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 172,838 shares of the company’s stock, valued at approximately $4,369,000. Matarin Capital Management LLC owned 0.63% of Kforce as of its most recent SEC filing.
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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