Kforce (NASDAQ:KFRC) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report released on Tuesday.

According to Zacks, “kforce.com is a full-service, web-based specialty staffing firm providing flexible and permanent staffing solutions for organizations and career management for individuals in the specialty skill areas of information technology, finance & accounting, human resources, engineering, pharmaceutical, health care, legal, e-solutions consulting, scientific and insurance and investments. kforce.com offers web-based services including online resumes and job postings, interactive interviews and job placements and career management strategies (company press release). “

Several other research analysts also recently weighed in on the company. BidaskClub downgraded Kforce from a “strong-buy” rating to a “buy” rating in a report on Wednesday, December 27th. Northcoast Research upgraded Kforce from a “neutral” rating to a “buy” rating in a report on Monday, November 6th. Robert W. Baird reiterated a “buy” rating and issued a $25.00 price target on shares of Kforce in a report on Friday, November 3rd. ValuEngine upgraded Kforce from a “hold” rating to a “buy” rating in a report on Friday, October 27th. Finally, SunTrust Banks downgraded Kforce from a “buy” rating to a “hold” rating and cut their price target for the company from $23.00 to $22.00 in a report on Wednesday, October 11th. Five research analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $24.83.

Shares of Kforce (NASDAQ:KFRC) traded down $0.05 during trading on Tuesday, hitting $26.90. The company had a trading volume of 56,157 shares, compared to its average volume of 99,845. The company has a debt-to-equity ratio of 0.91, a current ratio of 2.95 and a quick ratio of 2.95. Kforce has a 1 year low of $16.75 and a 1 year high of $27.30. The firm has a market cap of $711.97, a P/E ratio of 18.94 and a beta of 1.68.

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

In other news, insider Michael R. Blackman sold 7,865 shares of the company’s stock in a transaction on Friday, January 5th. The stock was sold at an average price of $26.01, for a total transaction of $204,568.65. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, President Joseph J. Liberatore sold 21,380 shares of the company’s stock in a transaction on Tuesday, January 9th. The stock was sold at an average price of $27.15, for a total value of $580,467.00. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 105,137 shares of company stock valued at $2,686,362. Insiders own 13.30% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in KFRC. Schwab Charles Investment Management Inc. increased its holdings in shares of Kforce by 6.1% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 234,369 shares of the business services provider’s stock worth $4,594,000 after buying an additional 13,533 shares during the last quarter. BNP Paribas Arbitrage SA boosted its position in 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 period. Federated Investors Inc. PA boosted its position in Kforce by 15.5% during the 2nd quarter. Federated Investors Inc. PA now owns 20,958 shares of the business services provider’s stock worth $411,000 after purchasing an additional 2,812 shares during the period. JPMorgan Chase & Co. boosted its position in Kforce by 109.0% during the 2nd quarter. JPMorgan Chase & Co. now owns 204,768 shares of the business services provider’s stock worth $4,014,000 after purchasing an additional 106,810 shares during the period. Finally, LSV Asset Management boosted its position 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 purchasing an additional 146,400 shares during the period. Institutional investors and hedge funds own 78.77% of the company’s stock.

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Kforce Company Profile

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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