Insider Selling: Kforce Inc. (KFRC) COO Sells 15,907 Shares of Stock
Kforce Inc. (NASDAQ:KFRC) COO Kye L. Mitchell sold 15,907 shares of the firm’s stock in a transaction on Monday, February 12th. The shares were sold at an average price of $24.65, for a total value of $392,107.55. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.
Shares of Kforce Inc. (KFRC) opened at $27.85 on Friday. Kforce Inc. has a 12-month low of $16.75 and a 12-month high of $27.85. The stock has a market capitalization of $722.56, a price-to-earnings ratio of 17.39 and a beta of 1.73. The company has a debt-to-equity ratio of 0.91, a quick ratio of 2.95 and a current ratio of 2.95.
Kforce (NASDAQ:KFRC) last announced its quarterly earnings data on Tuesday, February 6th. The business services provider reported $0.45 earnings per share for the quarter, topping the consensus estimate of $0.43 by $0.02. Kforce had a return on equity of 29.84% and a net margin of 2.45%. The company had revenue of $342.60 million during the quarter, compared to analyst estimates of $340.02 million. During the same quarter last year, the firm posted $0.36 EPS. The firm’s revenue for the quarter was up 5.1% on a year-over-year basis. sell-side analysts predict that Kforce Inc. will post 2.13 earnings per share for the current year.
A number of institutional investors and hedge funds have recently made changes to their positions in KFRC. Macquarie Group Ltd. increased its holdings in Kforce by 22.2% in the 3rd quarter. Macquarie Group Ltd. now owns 1,387,703 shares of the business services provider’s stock worth $28,032,000 after acquiring an additional 251,643 shares during the last quarter. Cortina Asset Management LLC purchased a new stake in Kforce in the 4th quarter worth about $3,029,000. AXA increased its holdings in Kforce by 564.0% in the 4th quarter. AXA now owns 115,531 shares of the business services provider’s stock worth $2,917,000 after acquiring an additional 98,131 shares during the last quarter. Public Employees Retirement System of Ohio increased its holdings in Kforce by 483.3% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 115,096 shares of the business services provider’s stock worth $2,256,000 after acquiring an additional 95,364 shares during the last quarter. Finally, Columbia Partners L L C Investment Management purchased a new stake in Kforce in the 4th quarter worth about $2,133,000. 78.11% of the stock is owned by institutional investors.
Several equities research analysts have recently issued reports on KFRC shares. Zacks Investment Research lowered Kforce from a “buy” rating to a “hold” rating in a research report on Tuesday, January 9th. ValuEngine raised Kforce from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. BidaskClub lowered Kforce from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, December 27th. Northcoast Research reaffirmed a “buy” rating and set a $33.00 target price on shares of Kforce in a research report on Wednesday, February 7th. Finally, Robert W. Baird reaffirmed a “buy” rating and set a $25.00 target price on shares of Kforce in a research report on Friday, November 3rd. Four research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $26.50.
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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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