Kforce Inc. (KFRC) Director Gordon Tunstall Sells 5,000 Shares
Kforce Inc. (NASDAQ:KFRC) Director Gordon Tunstall sold 5,000 shares of the firm’s stock in a transaction that occurred on Friday, November 25th. The stock was sold at an average price of $21.45, for a total transaction of $107,250.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.
Shares of Kforce Inc. (NASDAQ:KFRC) opened at 22.20 on Wednesday. The firm has a market capitalization of $571.54 million, a PE ratio of 16.74 and a beta of 1.38. Kforce Inc. has a 1-year low of $14.86 and a 1-year high of $27.43. The firm has a 50-day moving average of $19.00 and a 200-day moving average of $18.67.
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 23rd. Shareholders of record on Friday, December 9th will be given a dividend of $0.12 per share. The ex-dividend date is Wednesday, December 7th. This represents a $0.48 dividend on an annualized basis and a yield of 2.16%. Kforce’s payout ratio is presently 36.36%.
Several analysts recently commented on the stock. Zacks Investment Research upgraded shares of Kforce from a “sell” rating to a “hold” rating in a report on Wednesday, October 5th. Deutsche Bank AG set a $19.00 price target on shares of Kforce and gave the stock a “hold” rating in a report on Tuesday, October 18th. Finally, Credit Suisse Group AG restated a “buy” rating and set a $21.00 price target on shares of Kforce in a report on Wednesday, August 3rd.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its stake in shares of Kforce by 1.3% in the second quarter. Vanguard Group Inc. now owns 1,969,599 shares of the company’s stock worth $33,266,000 after buying an additional 24,847 shares during the period. Macquarie Group Ltd. boosted its stake in shares of Kforce by 40.6% in the second quarter. Macquarie Group Ltd. now owns 1,021,504 shares of the company’s stock worth $17,253,000 after buying an additional 295,173 shares during the period. Perkins Investment Management LLC boosted its stake in shares of Kforce by 78.9% in the third quarter. Perkins Investment Management LLC now owns 947,188 shares of the company’s stock worth $19,408,000 after buying an additional 417,766 shares during the period. RidgeWorth Capital Management LLC boosted its stake in shares of Kforce by 47.8% in the second quarter. RidgeWorth Capital Management LLC now owns 883,737 shares of the company’s stock worth $15,077,000 after buying an additional 285,795 shares during the period. Finally, Investment Counselors of Maryland LLC bought a new stake in shares of Kforce during the second quarter worth approximately $12,420,000. Institutional investors own 82.35% of the company’s stock.
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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