Kforce Inc. (NASDAQ:KFRC) CFO David M. Kelly sold 2,000 shares of the firm’s stock in a transaction dated Wednesday, November 7th. The shares were sold at an average price of $32.66, for a total transaction of $65,320.00. The transaction was disclosed in a filing with the SEC, which is available through this link.

David M. Kelly also recently made the following trade(s):

  • On Monday, August 27th, David M. Kelly sold 10,883 shares of Kforce stock. The shares were sold at an average price of $42.11, for a total transaction of $458,283.13.

KFRC opened at $31.32 on Friday. The company has a debt-to-equity ratio of 0.49, a quick ratio of 2.66 and a current ratio of 2.66. Kforce Inc. has a fifty-two week low of $23.80 and a fifty-two week high of $43.51. The stock has a market cap of $863.54 million, a P/E ratio of 15.70 and a beta of 1.73.

Kforce (NASDAQ:KFRC) last released its quarterly earnings results on Wednesday, October 31st. The business services provider reported $0.64 earnings per share for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.02). Kforce had a net margin of 3.40% and a return on equity of 36.45%. The firm had revenue of $355.45 million for the quarter, compared to the consensus estimate of $356.89 million. During the same period in the previous year, the business earned $0.45 earnings per share. The firm’s revenue for the quarter was up 4.2% on a year-over-year basis. Equities research analysts predict that Kforce Inc. will post 2.21 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 21st. Shareholders of record on Friday, December 7th will be given a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 2.30%. The ex-dividend date is Thursday, December 6th. Kforce’s dividend payout ratio is 45.86%.

A number of research analysts recently weighed in on KFRC shares. BidaskClub lowered shares of Kforce from a “hold” rating to a “sell” rating in a research report on Thursday, October 4th. Zacks Investment Research raised shares of Kforce from a “hold” rating to a “buy” rating and set a $47.00 price target on the stock in a research report on Saturday, August 4th. SunTrust Banks raised their price target on shares of Kforce to $44.00 and gave the company a “hold” rating in a research report on Thursday, August 2nd. Credit Suisse Group started coverage on shares of Kforce in a research report on Friday, August 10th. They set a “neutral” rating and a $38.00 price target on the stock. Finally, ValuEngine lowered shares of Kforce from a “buy” rating to a “hold” rating in a research report on Thursday, November 1st. Five research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $41.40.

Hedge funds have recently made changes to their positions in the business. Meeder Asset Management Inc. raised its position in Kforce by 207.9% in the second quarter. Meeder Asset Management Inc. now owns 5,567 shares of the business services provider’s stock worth $191,000 after acquiring an additional 3,759 shares during the period. Zebra Capital Management LLC bought a new stake in Kforce in the second quarter worth about $217,000. OLD National Bancorp IN bought a new stake in Kforce in the second quarter worth about $222,000. Baird Financial Group Inc. bought a new stake in Kforce in the second quarter worth about $226,000. Finally, Campbell & CO Investment Adviser LLC bought a new stake in Kforce in the second quarter worth about $252,000. 79.34% of the stock is currently owned by institutional investors and hedge funds.

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About Kforce

Kforce Inc provides professional staffing services and solutions in the United States and internationally. It operates through Technology (Tech), Finance and Accounting (FA), and Government Solutions (GS) segments. The Tech segment provides temporary staffing and permanent placement services to its clients primarily in the areas of information technology, such as systems/applications architecture and development, project management, enterprise data management, business intelligence, artificial intelligence, machine learning, network architecture, and security.

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