Kforce (NASDAQ:KFRC) Director Sells $145,375.00 in Stock

Kforce Inc. (NASDAQ:KFRC) Director David Dunkel sold 2,500 shares of Kforce stock in a transaction dated Tuesday, November 3rd. The stock was sold at an average price of $58.15, for a total transaction of $145,375.00. Following the transaction, the director directly owned 503,829 shares of the company’s stock, valued at approximately $29,297,656.35. This represents a 0.49% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Kforce Stock Performance

Shares of NASDAQ:KFRC opened at $54.17 on Friday. The company has a current ratio of 2.06, a quick ratio of 2.06 and a debt-to-equity ratio of 0.16. Kforce Inc. has a 12 month low of $25.07 and a 12 month high of $61.75. The company has a market capitalization of $970.06 million, a price-to-earnings ratio of 20.21 and a beta of 0.87. The firm’s 50-day moving average is $53.33 and its 200 day moving average is $44.47.

Kforce Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 18th. Shareholders of record on Friday, December 4th will be given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 3.0%. The ex-dividend date is Friday, December 4th. Kforce’s payout ratio is 66.95%.

Hedge Funds Weigh In On Kforce

A number of institutional investors have recently modified their holdings of the stock. GAMMA Investing LLC lifted its stake in shares of Kforce by 13.2% in the second quarter. GAMMA Investing LLC now owns 1,578 shares of the business services provider’s stock worth $74,000 after buying an additional 184 shares in the last quarter. Versant Capital Management Inc boosted its position in shares of Kforce by 14.3% during the 2nd quarter. Versant Capital Management Inc now owns 3,096 shares of the business services provider’s stock valued at $145,000 after acquiring an additional 387 shares during the last quarter. Sterling Capital Management LLC boosted its position in shares of Kforce by 849.2% during the 3rd quarter. Sterling Capital Management LLC now owns 560 shares of the business services provider’s stock valued at $29,000 after acquiring an additional 501 shares during the last quarter. Bank of America Corp DE grew its holdings in shares of Kforce by 1.3% in the first quarter. Bank of America Corp DE now owns 45,191 shares of the business services provider’s stock valued at $1,321,000 after purchasing an additional 589 shares during the period. Finally, Heritage Family Offices LLP acquired a new stake in Kforce during the third quarter worth about $34,000. 92.77% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on KFRC shares. Truist Financial increased their price target on Kforce from $38.00 to $60.00 and gave the stock a “hold” rating in a report on Wednesday, July 22nd. Robert W. Baird boosted their price objective on Kforce from $63.00 to $66.00 and gave the company an “outperform” rating in a report on Tuesday, October 27th. Finally, UBS Group boosted their price objective on Kforce from $59.00 to $63.00 and gave the company a “neutral” rating in a report on Tuesday, October 27th. Two investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $63.00.

Kforce Company Profile

Kforce Inc is a professional staffing and business solutions firm that connects organizations with skilled workers and provides services designed to support workforce and project needs. The company primarily operates through its Technology and Finance & Accounting segments.

Kforce Technology provides staffing, consulting, and project-based solutions for areas such as application development, data management, cloud computing, cybersecurity, and other information technology functions.