Ralph Struzziero Sells 1,000 Shares of Kforce, Inc. (KFRC) Stock
Kforce, Inc. (NASDAQ:KFRC) Director Ralph Struzziero sold 1,000 shares of the firm’s stock in a transaction on Monday, September 11th. The shares were sold at an average price of $18.26, for a total value of $18,260.00. Following the completion of the transaction, the director now owns 57,264 shares of the company’s stock, valued at approximately $1,045,640.64. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Kforce, Inc. (KFRC) opened at 18.50 on Thursday. Kforce, Inc. has a 1-year low of $15.95 and a 1-year high of $26.95. The stock has a 50 day moving average price of $18.07 and a 200 day moving average price of $20.29. The firm has a market capitalization of $467.87 million, a price-to-earnings ratio of 13.48 and a beta of 1.56.
Kforce (NASDAQ:KFRC) last issued its earnings results on Tuesday, August 1st. The business services provider reported $0.44 earnings per share for the quarter, missing the consensus estimate of $0.46 by ($0.02). Kforce had a return on equity of 29.67% and a net margin of 2.64%. The firm had revenue of $340.31 million during the quarter, compared to analyst estimates of $345.24 million. During the same period in the previous year, the company earned $0.41 earnings per share. The business’s revenue for the quarter was up 1.6% on a year-over-year basis. Analysts predict that Kforce, Inc. will post $1.51 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, September 22nd. Shareholders of record on Friday, September 8th will be given a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 2.59%. The ex-dividend date is Thursday, September 7th. Kforce’s payout ratio is currently 35.04%.
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A number of research firms recently commented on KFRC. BidaskClub cut Kforce from a “buy” rating to a “hold” rating in a research report on Saturday, July 8th. ValuEngine upgraded Kforce from a “hold” rating to a “buy” rating in a research report on Tuesday, June 27th. Deutsche Bank AG dropped their price objective on Kforce from $25.00 to $22.00 and set a “hold” rating for the company in a research report on Wednesday, August 2nd. Zacks Investment Research cut Kforce from a “hold” rating to a “sell” rating in a research report on Thursday, August 3rd. Finally, Robert W. Baird reiterated a “buy” rating and set a $20.00 price objective on shares of Kforce in a research report on Tuesday. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $24.20.
A number of hedge funds have recently modified their holdings of KFRC. BNP Paribas Arbitrage SA boosted its stake in shares of Kforce by 612.0% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 5,340 shares of the business services provider’s stock worth $105,000 after acquiring an additional 4,590 shares in the last quarter. FNY Managed Accounts LLC boosted its stake in shares of Kforce by 117.8% during the 2nd quarter. FNY Managed Accounts LLC now owns 5,445 shares of the business services provider’s stock worth $106,000 after acquiring an additional 2,945 shares in the last quarter. TFS Capital LLC boosted its stake in shares of Kforce by 13.8% during the 1st quarter. TFS Capital LLC now owns 10,964 shares of the business services provider’s stock worth $260,000 after acquiring an additional 1,331 shares in the last quarter. Dubuque Bank & Trust Co. boosted its stake in shares of Kforce by 22.7% during the 2nd quarter. Dubuque Bank & Trust Co. now owns 11,665 shares of the business services provider’s stock worth $229,000 after acquiring an additional 2,158 shares in the last quarter. Finally, AXA bought a new stake in shares of Kforce during the 2nd quarter worth about $261,000. 78.46% of the stock is currently owned by institutional investors.
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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