Kforce, Inc. (KFRC) Cut to “Hold” at ValuEngine
ValuEngine cut shares of Kforce, Inc. (NASDAQ:KFRC) from a buy rating to a hold rating in a report published on Friday morning.
A number of other analysts also recently issued reports on KFRC. TheStreet downgraded Kforce from a b- rating to a c+ rating in a research note on Wednesday, May 31st. BidaskClub downgraded Kforce from a buy rating to a hold rating in a research note on Saturday, July 8th. Deutsche Bank AG cut their target price on Kforce from $25.00 to $22.00 and set a hold rating for the company in a research note on Wednesday, August 2nd. Finally, Zacks Investment Research downgraded Kforce from a hold rating to a sell rating in a research report on Thursday, August 3rd. Two analysts have rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the company. Kforce has an average rating of Hold and a consensus target price of $25.25.
Kforce (KFRC) traded up 0.56% during mid-day trading on Friday, hitting $18.10. 58,886 shares of the stock traded hands. The stock has a market cap of $457.75 million, a price-to-earnings ratio of 13.19 and a beta of 1.56. Kforce has a 1-year low of $15.95 and a 1-year high of $26.95. The company’s 50 day moving average price is $18.33 and its 200-day moving average price is $20.66.
Kforce (NASDAQ:KFRC) last issued its earnings results on Tuesday, August 1st. The business services provider reported $0.44 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.46 by $0.02. Kforce had a return on equity of 29.67% and a net margin of 2.64%. The company had revenue of $340.31 million during the quarter, compared to analyst estimates of $345.24 million. During the same period last year, the business earned $0.41 earnings per share. The firm’s revenue was up 1.6% compared to the same quarter last year. Analysts predict that Kforce will post $1.51 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 22nd. Investors of record on Friday, September 8th will be given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.65%. The ex-dividend date is Thursday, September 7th. Kforce’s payout ratio is 35.04%.
Large investors have recently modified their holdings of the stock. Old Mutual Global Investors UK Ltd. acquired a new stake in shares of Kforce during the 1st quarter worth about $100,000. BNP Paribas Arbitrage SA increased its position in shares of Kforce by 612.0% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 5,340 shares of the business services provider’s stock worth $105,000 after purchasing an additional 4,590 shares during the last quarter. FNY Managed Accounts LLC increased its position in shares of Kforce by 117.8% during the 2nd quarter. FNY Managed Accounts LLC now owns 5,445 shares of the business services provider’s stock worth $106,000 after purchasing an additional 2,945 shares during the last quarter. Dubuque Bank & Trust Co. increased its position in shares of Kforce by 22.7% during the 2nd quarter. Dubuque Bank & Trust Co. now owns 11,665 shares of the business services provider’s stock worth $229,000 after purchasing an additional 2,158 shares during the last quarter. Finally, TFS Capital LLC increased its position in shares of Kforce by 13.8% during the 1st quarter. TFS Capital LLC now owns 10,964 shares of the business services provider’s stock worth $260,000 after purchasing an additional 1,331 shares during the last quarter. 78.46% of the stock is owned by hedge funds and other institutional investors.
Kforce Inc (Kforce) is engaged in providing professional and technical specialty staffing services and solutions. The Company operates through three segments, which include Technology (Tech), Finance and Accounting (FA) and Government Solutions (GS). The Company’s Tech segment includes the operations of its subsidiary Kforce Global Solutions, Inc The FA segment is engaged in providing both temporary staffing and permanent placement services to its clients in areas, such as general accounting, business analysis and others.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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