Kforce, Inc. (NASDAQ:KFRC) Director John Allred sold 600 shares of the company’s stock in a transaction dated Monday, December 11th. The shares were sold at an average price of $26.13, for a total transaction of $15,678.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Shares of Kforce, Inc. (NASDAQ KFRC) traded up $0.10 during mid-day trading on Wednesday, reaching $26.25. The company’s stock had a trading volume of 108,900 shares, compared to its average volume of 126,519. Kforce, Inc. has a one year low of $16.75 and a one year high of $26.95. The company has a debt-to-equity ratio of 0.91, a quick ratio of 2.95 and a current ratio of 2.95. The firm has a market capitalization of $692.12, a P/E ratio of 17.67 and a beta of 1.67.

Kforce (NASDAQ:KFRC) last announced its quarterly earnings results on Tuesday, October 31st. The business services provider reported $0.45 EPS for the quarter, meeting the consensus estimate of $0.45. Kforce had a return on equity of 28.83% and a net margin of 2.71%. The company had revenue of $341.05 million for the quarter, compared to the consensus estimate of $340.67 million. During the same quarter last year, the company posted $0.44 earnings per share. The company’s revenue for the quarter was up .2% compared to the same quarter last year. sell-side analysts expect that Kforce, Inc. will post 1.5 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 22nd. Shareholders of record on Friday, December 8th will be issued a dividend of $0.12 per share. The ex-dividend date is Thursday, December 7th. This represents a $0.48 annualized dividend and a yield of 1.83%. Kforce’s dividend payout ratio (DPR) is presently 33.57%.

A number of hedge funds have recently made changes to their positions in KFRC. California Public Employees Retirement System boosted its position in shares of Kforce by 0.3% in the second quarter. California Public Employees Retirement System now owns 116,000 shares of the business services provider’s stock valued at $2,274,000 after acquiring an additional 400 shares during the period. Brandywine Global Investment Management LLC boosted its position in shares of Kforce by 7.3% in the second quarter. Brandywine Global Investment Management LLC now owns 14,376 shares of the business services provider’s stock valued at $282,000 after acquiring an additional 976 shares during the period. Strs Ohio boosted its position in shares of Kforce by 5.8% in the second quarter. Strs Ohio now owns 18,100 shares of the business services provider’s stock valued at $354,000 after acquiring an additional 1,000 shares during the period. Voya Investment Management LLC boosted its position in shares of Kforce by 13.4% in the second quarter. Voya Investment Management LLC now owns 13,979 shares of the business services provider’s stock valued at $274,000 after acquiring an additional 1,653 shares during the period. Finally, Morgan Stanley boosted its position in shares of Kforce by 1.3% in the first quarter. Morgan Stanley now owns 154,990 shares of the business services provider’s stock valued at $3,681,000 after acquiring an additional 1,949 shares during the period. Institutional investors own 79.05% of the company’s stock.

A number of research firms have commented on KFRC. Robert W. Baird reaffirmed a “buy” rating and set a $20.00 price objective on shares of Kforce in a research note on Tuesday, September 12th. ValuEngine upgraded Kforce from a “hold” rating to a “buy” rating in a report on Friday, October 27th. TheStreet upgraded Kforce from a “c+” rating to a “b” rating in a report on Monday, October 2nd. SunTrust Banks downgraded Kforce from a “buy” rating to a “hold” rating and dropped their target price for the company from $23.00 to $22.00 in a report on Wednesday, October 11th. Finally, Zacks Investment Research downgraded Kforce from a “hold” rating to a “sell” rating in a report on Saturday, October 28th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and five have issued a buy rating to the company’s stock. Kforce has an average rating of “Hold” and a consensus target price of $24.20.

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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.

Insider Buying and Selling by Quarter for Kforce (NASDAQ:KFRC)

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