Kforce, Inc. (KFRC) Earns “Buy” Rating from Robert W. Baird
Robert W. Baird reiterated their buy rating on shares of Kforce, Inc. (NASDAQ:KFRC) in a report released on Tuesday morning. Robert W. Baird currently has a $20.00 price target on the business services provider’s stock.
KFRC has been the subject of several other research reports. ValuEngine downgraded shares of Kforce from a buy rating to a hold rating in a report on Friday, June 2nd. BidaskClub downgraded shares of Kforce from a hold rating to a sell rating in a report on Thursday, July 27th. Zacks Investment Research downgraded shares of Kforce from a hold rating to a sell rating in a report on Thursday, August 3rd. Deutsche Bank AG lowered their target price on shares of Kforce from $25.00 to $22.00 and set a hold rating for the company in a report on Wednesday, August 2nd. Finally, TheStreet downgraded shares of Kforce from a b- rating to a c+ rating in a report on Wednesday, May 31st. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the company. The stock presently has a consensus rating of Hold and an average price target of $24.20.
Shares of Kforce (KFRC) traded down 0.27% on Tuesday, hitting $18.25. 51,452 shares of the stock were exchanged. The stock has a market cap of $461.54 million, a price-to-earnings ratio of 13.30 and a beta of 1.56. Kforce has a 1-year low of $15.95 and a 1-year high of $26.95. The stock’s 50-day moving average is $18.05 and its 200-day moving average is $20.26.
Kforce (NASDAQ:KFRC) last announced its earnings results on Tuesday, August 1st. The business services provider reported $0.44 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.46 by ($0.02). The firm had revenue of $340.31 million during the quarter, compared to analysts’ expectations of $345.24 million. Kforce had a net margin of 2.64% and a return on equity of 29.67%. The business’s revenue for the quarter was up 1.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.41 EPS. Analysts forecast that Kforce 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. Investors of record on Friday, September 8th will be given a dividend of $0.12 per share. The ex-dividend date of this dividend is Thursday, September 7th. This represents a $0.48 annualized dividend and a yield of 2.62%. Kforce’s payout ratio is currently 35.04%.
In related news, COO Kye L. Mitchell sold 5,000 shares of the stock in a transaction dated Thursday, September 7th. The shares were sold at an average price of $17.99, for a total transaction of $89,950.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 13.30% of the stock is currently owned by corporate insiders.
Institutional investors and hedge funds have recently bought and sold shares of the stock. Tributary Capital Management LLC grew its position in Kforce by 24.2% during 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. Schwab Charles Investment Management Inc. grew its position in Kforce by 10.1% during the first quarter. Schwab Charles Investment Management Inc. now owns 220,836 shares of the business services provider’s stock valued at $5,245,000 after buying an additional 20,177 shares during the period. KCG Holdings Inc. bought a new position in Kforce during the first quarter valued at about $482,000. Dupont Capital Management Corp grew its position in Kforce by 102.1% during the second quarter. Dupont Capital Management Corp now owns 91,921 shares of the business services provider’s stock valued at $1,802,000 after buying an additional 46,446 shares during the period. Finally, Bogle Investment Management L P DE bought a new position in Kforce during the first quarter valued at about $414,000. Institutional investors own 78.46% of the company’s stock.
Kforce Company Profile
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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