Kforce, Inc. (NASDAQ:KFRC) has received a consensus rating of “Hold” from the nine research firms that are presently covering the firm, Marketbeat.com reports. Two analysts have rated the stock with a sell recommendation, four have issued a hold recommendation and two have assigned a buy recommendation to the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $24.67.

KFRC has been the topic of a number of research analyst reports. ValuEngine downgraded shares of Kforce from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. BidaskClub downgraded shares of Kforce from a “hold” rating to a “sell” rating in a research report on Thursday, July 27th. Zacks Investment Research downgraded shares of Kforce from a “hold” rating to a “sell” rating in a research report on Thursday, August 3rd. Deutsche Bank AG lowered their price objective on shares of Kforce from $25.00 to $22.00 and set a “hold” rating on the stock in a research report on Wednesday, August 2nd. Finally, TheStreet downgraded shares of Kforce from a “b-” rating to a “c+” rating in a research report on Wednesday, May 31st.

In other Kforce news, COO Kye L. Mitchell sold 5,000 shares of Kforce stock in a transaction that occurred on Thursday, September 7th. The shares were sold at an average price of $17.99, for a total value of $89,950.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 13.30% of the stock is owned by insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. lifted its stake in Kforce by 1.7% in the second quarter. Vanguard Group Inc. now owns 2,067,198 shares of the business services provider’s stock valued at $40,517,000 after acquiring an additional 33,998 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in Kforce by 4.4% in the second quarter. Dimensional Fund Advisors LP now owns 1,435,611 shares of the business services provider’s stock valued at $28,138,000 after acquiring an additional 60,783 shares during the last quarter. Macquarie Group Ltd. lifted its stake in Kforce by 16.9% in the second quarter. Macquarie Group Ltd. now owns 1,136,060 shares of the business services provider’s stock valued at $22,267,000 after acquiring an additional 164,268 shares during the last quarter. Investment Counselors of Maryland LLC lifted its stake in Kforce by 27.8% in the second quarter. Investment Counselors of Maryland LLC now owns 1,004,771 shares of the business services provider’s stock valued at $19,694,000 after acquiring an additional 218,650 shares during the last quarter. Finally, Tributary Capital Management LLC lifted its stake in Kforce by 25.2% in the second quarter. Tributary Capital Management LLC now owns 777,037 shares of the business services provider’s stock valued at $15,230,000 after acquiring an additional 156,200 shares during the last quarter. Hedge funds and other institutional investors own 78.46% of the company’s stock.

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Kforce (NASDAQ KFRC) opened at 17.95 on Friday. Kforce has a 1-year low of $15.95 and a 1-year high of $26.95. The firm’s 50-day moving average is $18.11 and its 200-day moving average is $20.46. The stock has a market cap of $453.96 million, a P/E ratio of 13.08 and a beta of 1.56.

Kforce (NASDAQ:KFRC) last announced its quarterly earnings data on Tuesday, August 1st. The business services provider reported $0.44 EPS for the quarter, missing the Zacks’ consensus estimate of $0.46 by $0.02. Kforce had a net margin of 2.64% and a return on equity of 29.67%. The company had revenue of $340.31 million for the quarter, compared to analysts’ expectations of $345.24 million. During the same period in the previous year, the firm posted $0.41 earnings per share. The business’s revenue for the quarter was up 1.6% on a year-over-year basis. On average, analysts forecast that Kforce will post $1.51 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 22nd. Shareholders of record on Friday, September 8th will be paid a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 2.67%. The ex-dividend date is Thursday, September 7th. Kforce’s dividend payout ratio (DPR) is presently 35.04%.

About Kforce

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.

Analyst Recommendations for Kforce (NASDAQ:KFRC)

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