Public Employees Retirement System of Ohio Buys 2,142 Shares of Kforce, Inc. (KFRC)
Public Employees Retirement System of Ohio increased its stake in shares of Kforce, Inc. (NASDAQ:KFRC) by 12.2% during the first quarter, Holdings Channel reports. The firm owned 19,732 shares of the business services provider’s stock after buying an additional 2,142 shares during the period. Public Employees Retirement System of Ohio’s holdings in Kforce were worth $469,000 at the end of the most recent quarter.
A number of other institutional investors also recently bought and sold shares of KFRC. State Street Corp raised its position in Kforce by 2.9% in the fourth quarter. State Street Corp now owns 488,886 shares of the business services provider’s stock valued at $11,293,000 after buying an additional 13,643 shares during the period. Dubuque Bank & Trust Co. bought a new position in Kforce during the first quarter valued at $226,000. Tributary Capital Management LLC raised its position in Kforce by 24.2% in the first quarter. Tributary Capital Management LLC now owns 620,837 shares of the business services provider’s stock valued at $14,745,000 after buying an additional 120,989 shares during the period. KCG Holdings Inc. bought a new position in Kforce during the first quarter valued at $482,000. Finally, Bogle Investment Management L P DE bought a new position in Kforce during the first quarter valued at $414,000. Institutional investors own 78.05% of the company’s stock.
Shares of Kforce, Inc. (KFRC) traded down 3.44% during trading on Friday, reaching $18.25. The company had a trading volume of 124,858 shares. The company has a market cap of $465.05 million, a price-to-earnings ratio of 13.27 and a beta of 1.54. Kforce, Inc. has a 12 month low of $15.95 and a 12 month high of $26.95. The firm has a 50 day moving average price of $19.10 and a 200 day moving average price of $21.46.
Kforce (NASDAQ:KFRC) last issued its earnings results on Tuesday, August 1st. The business services provider reported $0.44 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.46 by $0.02. Kforce had a net margin of 2.64% and a return on equity of 29.67%. The firm had revenue of $340.31 million during the quarter, compared to analyst estimates of $345.24 million. During the same quarter last year, the business posted $0.41 earnings per share. The company’s revenue for the quarter was up 1.6% on a year-over-year basis. Analysts predict that Kforce, Inc. will post $1.51 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, September 22nd. Shareholders of record on Friday, September 8th will be issued a $0.12 dividend. The ex-dividend date is Thursday, September 7th. This represents a $0.48 annualized dividend and a yield of 2.63%. Kforce’s dividend payout ratio is currently 35.04%.
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A number of equities analysts have recently commented on KFRC shares. ValuEngine lowered Kforce from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. BidaskClub lowered Kforce from a “hold” rating to a “sell” rating in a research note on Thursday, July 27th. Zacks Investment Research lowered Kforce from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 11th. TheStreet lowered Kforce from a “b-” rating to a “c+” rating in a research note on Wednesday, May 31st. Finally, Deutsche Bank AG dropped their price objective on Kforce from $25.00 to $22.00 and set a “hold” rating on the stock in a research note on Wednesday. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the company. Kforce presently has a consensus rating of “Hold” and an average target price of $25.25.
In other Kforce news, CEO David L. Dunkel sold 8,000 shares of the stock in a transaction dated Friday, May 26th. The shares were sold at an average price of $18.32, for a total value of $146,560.00. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 13.30% of the stock is owned by corporate insiders.
Kforce Inc (Kforce) is engaged in providing professional and technical specialty staffing services and solutions. The Company operates through three segments, which include Technology (Tech), Finance and Accounting (FA) and Government Solutions (GS). The Company’s Tech segment includes the operations of its subsidiary Kforce Global Solutions, Inc The FA segment is engaged in providing both temporary staffing and permanent placement services to its clients in areas, such as general accounting, business analysis and others.
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