Kforce (NASDAQ:KFRC) was upgraded by investment analysts at BidaskClub from a “sell” rating to a “hold” rating in a report issued on Wednesday, BidAskClub reports.

A number of other equities analysts have also weighed in on KFRC. Zacks Investment Research lowered Kforce from a “buy” rating to a “hold” rating in a research report on Wednesday, March 6th. ValuEngine lowered Kforce from a “buy” rating to a “hold” rating in a research report on Monday, April 1st. Six equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Kforce presently has an average rating of “Hold” and a consensus target price of $40.20.

Shares of NASDAQ:KFRC traded up $0.01 during trading on Wednesday, reaching $35.57. 102,929 shares of the stock were exchanged, compared to its average volume of 110,813. The company has a quick ratio of 2.43, a current ratio of 2.43 and a debt-to-equity ratio of 0.47. Kforce has a 1-year low of $27.95 and a 1-year high of $43.51. The firm has a market capitalization of $904.19 million, a price-to-earnings ratio of 15.47 and a beta of 1.31.

Kforce (NASDAQ:KFRC) last issued its earnings results on Wednesday, May 1st. The business services provider reported $0.38 earnings per share for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.02). Kforce had a return on equity of 35.26% and a net margin of 5.41%. The firm had revenue of $326.70 million for the quarter, compared to analyst estimates of $329.80 million. During the same period in the previous year, the company earned $0.37 earnings per share. Kforce’s revenue for the quarter was up 2.9% compared to the same quarter last year. Equities research analysts anticipate that Kforce will post 2.46 earnings per share for the current fiscal year.

In related news, COO Kye L. Mitchell sold 17,513 shares of the stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $36.30, for a total value of $635,721.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO David M. Kelly sold 15,000 shares of the stock in a transaction on Monday, May 6th. The shares were sold at an average price of $35.77, for a total value of $536,550.00. The disclosure for this sale can be found here. Insiders have sold 45,013 shares of company stock worth $1,620,197 over the last ninety days. 11.80% of the stock is owned by insiders.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in KFRC. Quantamental Technologies LLC purchased a new stake in Kforce in the 4th quarter valued at $81,000. Meeder Asset Management Inc. raised its position in Kforce by 143.3% in the 1st quarter. Meeder Asset Management Inc. now owns 2,506 shares of the business services provider’s stock valued at $88,000 after buying an additional 1,476 shares during the last quarter. PNC Financial Services Group Inc. raised its position in Kforce by 12.2% in the 4th quarter. PNC Financial Services Group Inc. now owns 3,654 shares of the business services provider’s stock valued at $113,000 after buying an additional 396 shares during the last quarter. Legal & General Group Plc raised its position in Kforce by 19.6% in the 4th quarter. Legal & General Group Plc now owns 4,301 shares of the business services provider’s stock valued at $133,000 after buying an additional 706 shares during the last quarter. Finally, Great West Life Assurance Co. Can raised its position in Kforce by 61.0% in the 1st quarter. Great West Life Assurance Co. Can now owns 4,461 shares of the business services provider’s stock valued at $156,000 after buying an additional 1,690 shares during the last quarter. 84.39% of the stock is owned by institutional investors and hedge funds.

Kforce Company Profile

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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