Kforce (NASDAQ:KFRC) was upgraded by equities research analysts at BidaskClub from a “hold” rating to a “buy” rating in a note issued to investors on Friday.

Other analysts have also issued research reports about the company. Zacks Investment Research lowered Kforce from a “buy” rating to a “hold” rating in a report on Wednesday, April 11th. Robert W. Baird upped their target price on Kforce from $25.00 to $28.00 and gave the stock an “outperform” rating in a report on Wednesday, February 7th. Northcoast Research restated a “buy” rating and set a $33.00 target price on shares of Kforce in a report on Wednesday, February 7th. Finally, ValuEngine upgraded Kforce from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. Four research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $26.80.

Kforce stock opened at $28.40 on Friday. The company has a quick ratio of 2.93, a current ratio of 2.93 and a debt-to-equity ratio of 0.89. The firm has a market cap of $745.81, a price-to-earnings ratio of 18.09 and a beta of 1.53. Kforce has a twelve month low of $16.75 and a twelve month high of $29.70.

Kforce (NASDAQ:KFRC) last posted its earnings results on Tuesday, February 6th. The business services provider reported $0.45 earnings per share for the quarter, topping analysts’ consensus estimates of $0.43 by $0.02. The company had revenue of $342.60 million during the quarter, compared to analyst estimates of $340.02 million. Kforce had a return on equity of 29.84% and a net margin of 2.45%. Kforce’s revenue was up 5.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.36 earnings per share. analysts anticipate that Kforce will post 2.13 earnings per share for the current fiscal year.

In other news, President Joseph J. Liberatore sold 20,000 shares of the company’s stock in a transaction on Friday, February 16th. The stock was sold at an average price of $27.85, for a total transaction of $557,000.00. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, COO Kye L. Mitchell sold 15,907 shares of the company’s stock in a transaction on Monday, February 12th. The stock was sold at an average price of $24.65, for a total value of $392,107.55. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 54,307 shares of company stock worth $1,487,680. Insiders own 13.30% of the company’s stock.

Several hedge funds have recently modified their holdings of KFRC. Macquarie Group Ltd. increased its position in shares of Kforce by 11.6% during the fourth quarter. Macquarie Group Ltd. now owns 1,549,201 shares of the business services provider’s stock worth $39,117,000 after purchasing an additional 161,498 shares in the last quarter. Cortina Asset Management LLC acquired a new position in shares of Kforce during the fourth quarter worth $3,029,000. AXA increased its position in shares of Kforce by 564.0% during the fourth quarter. AXA now owns 115,531 shares of the business services provider’s stock worth $2,917,000 after purchasing an additional 98,131 shares in the last quarter. Columbia Partners L L C Investment Management acquired a new position in shares of Kforce during the fourth quarter worth $2,133,000. Finally, Millennium Management LLC increased its position in shares of Kforce by 27.5% during the fourth quarter. Millennium Management LLC now owns 310,255 shares of the business services provider’s stock worth $7,834,000 after purchasing an additional 66,858 shares in the last quarter. 79.57% of the stock is currently owned by institutional investors and hedge funds.

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Kforce Company Profile

Kforce Inc provides professional staffing services and solutions in the United States and internationally. It operates through Technology (Tech), Finance and Accounting (FA), and Government Solutions (GS) segments. The Tech segment provides temporary staffing and permanent placement services to its clients primarily in the areas of information technology, such as systems/applications architecture and development, project management, enterprise data management, business intelligence, artificial intelligence, machine learning, network architecture, and security.

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