Kforce, Inc. (KFRC) Rating Increased to B at TheStreet
Kforce, Inc. (NASDAQ:KFRC) was upgraded by equities research analysts at TheStreet from a “c+” rating to a “b” rating in a report released on Monday.
Other equities analysts have also issued reports about the stock. Robert W. Baird reissued a “buy” rating and issued a $20.00 target price on shares of Kforce in a report on Tuesday, September 12th. ValuEngine raised shares of Kforce from a “hold” rating to a “buy” rating in a report on Tuesday, June 27th. BidaskClub lowered shares of Kforce from a “buy” rating to a “hold” rating in a report on Saturday, July 8th. Deutsche Bank AG decreased their target price on shares of Kforce from $25.00 to $22.00 and set a “hold” rating on the stock in a report on Wednesday, August 2nd. Finally, Zacks Investment Research raised shares of Kforce from a “sell” rating to a “hold” rating in a report on Wednesday. One analyst has rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the company. Kforce has a consensus rating of “Hold” and an average target price of $23.50.
Shares of Kforce (NASDAQ:KFRC) traded up 0.25% during mid-day trading on Monday, reaching $20.35. 77,960 shares of the company’s stock traded hands. The firm has a 50 day moving average price of $18.50 and a 200-day moving average price of $19.67. Kforce has a 12 month low of $15.95 and a 12 month high of $26.95. The stock has a market cap of $514.65 million, a PE ratio of 14.83 and a beta of 1.59.
Kforce (NASDAQ:KFRC) last released its earnings results on Tuesday, August 1st. The business services provider reported $0.44 EPS for the quarter, missing the 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 firm had revenue of $340.31 million during the quarter, compared to the consensus estimate of $345.24 million. During the same period in the prior year, the business earned $0.41 earnings per share. Kforce’s quarterly revenue was up 1.6% compared to the same quarter last year. On average, analysts predict that Kforce will post $1.51 earnings per share for the current fiscal year.
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In related 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 transaction of $89,950.00. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 13.30% of the company’s stock.
Institutional investors have recently made changes to their positions in the stock. Schwab Charles Investment Management Inc. grew its holdings in shares of Kforce by 10.1% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 220,836 shares of the business services provider’s stock valued at $5,245,000 after purchasing an additional 20,177 shares during the last quarter. KCG Holdings Inc. bought a new stake in Kforce during the 1st quarter worth approximately $482,000. AJO LP bought a new stake in Kforce during the 2nd quarter worth approximately $1,828,000. Dupont Capital Management Corp grew its holdings in Kforce by 102.1% during the 2nd quarter. Dupont Capital Management Corp now owns 91,921 shares of the business services provider’s stock worth $1,802,000 after acquiring an additional 46,446 shares during the last quarter. Finally, LSV Asset Management grew its holdings in Kforce by 73.7% during the 2nd quarter. LSV Asset Management now owns 344,933 shares of the business services provider’s stock worth $6,760,000 after acquiring an additional 146,400 shares during the last quarter. 78.42% of the stock is currently owned by 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.
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