Kforce Inc. (KFRC) PT Set at $19.00 by Deutsche Bank AG
Kforce Inc. (NASDAQ:KFRC) has been assigned a $19.00 target price by analysts at Deutsche Bank AG in a research note issued to investors on Tuesday. The brokerage presently has a a “hold” rating on the stock. Deutsche Bank AG’s price target suggests a potential downside of 4.52% from the company’s previous close.
KFRC has been the subject of a number of other reports. Zacks Investment Research upgraded Kforce from a “sell” rating to a “hold” rating in a research report on Wednesday, October 5th. Credit Suisse Group AG reiterated a “buy” rating and issued a $21.00 price objective on shares of Kforce in a research note on Wednesday, August 3rd.
Shares of Kforce (NASDAQ:KFRC) traded down 0.25% on Tuesday, hitting $19.85. The stock had a trading volume of 17,658 shares. Kforce has a 12 month low of $14.87 and a 12 month high of $28.84. The company has a market cap of $519.95 million, a P/E ratio of 13.49 and a beta of 1.56. The company’s 50 day moving average price is $19.49 and its 200-day moving average price is $18.73.
Kforce (NASDAQ:KFRC) last posted its quarterly earnings data on Tuesday, August 2nd. The company reported $0.41 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.40 by $0.01. Kforce had a return on equity of 31.94% and a net margin of 3.01%. The company earned $335 million during the quarter, compared to analyst estimates of $334.91 million. During the same period in the previous year, the business earned $0.41 EPS. Kforce’s quarterly revenue was down .7% on a year-over-year basis. On average, analysts expect that Kforce will post $1.48 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Friday, September 23rd. Investors of record on Friday, September 9th were issued a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 2.41%. The ex-dividend date of this dividend was Wednesday, September 7th. Kforce’s dividend payout ratio (DPR) is presently 32.88%.
In other Kforce news, COO Kye L. Mitchell sold 3,732 shares of the firm’s stock in a transaction dated Thursday, August 25th. The stock was sold at an average price of $19.82, for a total transaction of $73,968.24. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, President Joseph J. Liberatore sold 75,000 shares of the firm’s stock in a transaction dated Wednesday, August 17th. The stock was sold at an average price of $18.19, for a total value of $1,364,250.00. The disclosure for this sale can be found here. 12.80% of the stock is owned by corporate insiders.
Institutional investors have recently modified their holdings of the company. TIAA CREF Investment Management LLC raised its position in shares of Kforce by 50.9% in the first quarter. TIAA CREF Investment Management LLC now owns 198,918 shares of the company’s stock valued at $3,895,000 after buying an additional 67,084 shares during the last quarter. Teachers Advisors Inc. increased its stake in Kforce by 20.7% in the first quarter. Teachers Advisors Inc. now owns 309,316 shares of the company’s stock valued at $6,056,000 after buying an additional 53,016 shares during the last quarter. Prudential Financial Inc. increased its stake in Kforce by 57.9% in the first quarter. Prudential Financial Inc. now owns 172,880 shares of the company’s stock valued at $3,385,000 after buying an additional 63,425 shares during the last quarter. BlackRock Group LTD increased its stake in Kforce by 7.4% in the first quarter. BlackRock Group LTD now owns 45,597 shares of the company’s stock valued at $892,000 after buying an additional 3,141 shares during the last quarter. Finally, Royce & Associates LP increased its stake in Kforce by 67.1% in the first quarter. Royce & Associates LP now owns 424,474 shares of the company’s stock valued at $8,311,000 after buying an additional 170,500 shares during the last quarter. 80.75% of the stock is currently owned by institutional investors.
Kforce Company Profile
Kforce Inc is engaged in providing professional and technical specialty staffing services and solutions. The Company operates through three segments, which include Technology (Tech), which provides both temporary staffing and permanent placement services to its clients, focusing primarily on areas of information technology, such as systems/applications, e-commerce, technology infrastructure, network architecture and security; Finance and Accounting (FA), which is engaged in providing both temporary staffing and permanent placement services to its clients in areas, such as general accounting, business analysis and others, and Government Solutions (GS), which is engaged in providing services and solutions to the Federal Government as both a prime contractor and a subcontractor in the fields of information technology, and finance and accounting.
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