Kforce, Inc. (NASDAQ:KFRC) CFO David M. Kelly sold 15,000 shares of the business’s stock in a transaction dated Monday, November 6th. The shares were sold at an average price of $24.05, for a total value of $360,750.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Kforce, Inc. (NASDAQ KFRC) opened at $23.90 on Thursday. The stock has a market capitalization of $635.21, a PE ratio of 16.22 and a beta of 1.57. Kforce, Inc. has a 52-week low of $16.30 and a 52-week high of $26.95. The company has a debt-to-equity ratio of 0.91, a current ratio of 2.95 and a quick ratio of 2.95.

Kforce (NASDAQ:KFRC) last issued its quarterly earnings results on Tuesday, October 31st. The business services provider reported $0.45 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.45. Kforce had a return on equity of 28.83% and a net margin of 2.71%. The firm had revenue of $341.05 million for the quarter, compared to analysts’ expectations of $340.67 million. During the same quarter in the previous year, the firm posted $0.44 EPS. The firm’s revenue for the quarter was up .2% on a year-over-year basis. equities analysts expect that Kforce, Inc. will post 1.5 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 22nd. Shareholders of record on Friday, December 8th will be given a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 2.01%. The ex-dividend date is Thursday, December 7th. Kforce’s payout ratio is 33.57%.

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A number of hedge funds and other institutional investors have recently added to or reduced their stakes in KFRC. Parametric Portfolio Associates LLC increased its position in Kforce by 0.8% during the 1st quarter. Parametric Portfolio Associates LLC now owns 76,375 shares of the business services provider’s stock worth $1,814,000 after purchasing an additional 637 shares during the period. JPMorgan Chase & Co. increased its position in Kforce by 18.3% during the 1st quarter. JPMorgan Chase & Co. now owns 97,958 shares of the business services provider’s stock worth $2,327,000 after purchasing an additional 15,119 shares during the period. American International Group Inc. increased its position in Kforce by 7.1% during the 1st quarter. American International Group Inc. now owns 15,103 shares of the business services provider’s stock worth $359,000 after purchasing an additional 1,001 shares during the period. Teachers Advisors LLC increased its position in Kforce by 31.3% during the 1st quarter. Teachers Advisors LLC now owns 415,407 shares of the business services provider’s stock worth $9,866,000 after purchasing an additional 98,945 shares during the period. Finally, TIAA CREF Investment Management LLC increased its position in Kforce by 5.3% during the 1st quarter. TIAA CREF Investment Management LLC now owns 227,929 shares of the business services provider’s stock worth $5,413,000 after purchasing an additional 11,419 shares during the period. Institutional investors own 78.40% of the company’s stock.

Several analysts have recently weighed in on KFRC shares. Zacks Investment Research downgraded Kforce from a “hold” rating to a “sell” rating in a report on Saturday, October 28th. TheStreet upgraded Kforce from a “c+” rating to a “b” rating in a research report on Monday, October 2nd. ValuEngine cut Kforce from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. SunTrust Banks, Inc. cut Kforce from a “buy” rating to a “hold” rating and dropped their price target for the company from $23.00 to $22.00 in a research report on Wednesday, October 11th. Finally, BidaskClub cut Kforce from a “sell” rating to a “strong sell” rating in a research report on Wednesday, August 2nd. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and five have given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $24.20.

About Kforce

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.

Insider Buying and Selling by Quarter for Kforce (NASDAQ:KFRC)

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