BidaskClub upgraded shares of Kforce (NASDAQ:KFRC) from a hold rating to a buy rating in a research report sent to investors on Thursday.

Separately, ValuEngine cut Kforce from a buy rating to a hold rating in a research report on Thursday, November 1st. Four research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The stock presently has an average rating of Hold and an average price target of $41.40.

NASDAQ KFRC traded up $0.41 on Thursday, hitting $32.74. 84,224 shares of the company’s stock were exchanged, compared to its average volume of 131,530. The company has a current ratio of 2.66, a quick ratio of 2.66 and a debt-to-equity ratio of 0.49. Kforce has a fifty-two week low of $23.80 and a fifty-two week high of $43.51. The stock has a market capitalization of $840.60 million, a price-to-earnings ratio of 20.85 and a beta of 1.51.

Kforce (NASDAQ:KFRC) last released its earnings results on Wednesday, October 31st. The business services provider reported $0.64 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.66 by ($0.02). Kforce had a return on equity of 36.45% and a net margin of 3.40%. The business had revenue of $355.45 million for the quarter, compared to analyst estimates of $356.89 million. During the same quarter in the previous year, the firm posted $0.45 EPS. The business’s revenue for the quarter was up 4.2% on a year-over-year basis. Equities analysts forecast that Kforce will post 2.21 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Friday, December 21st. Shareholders of record on Friday, December 7th were given a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a yield of 2.20%. The ex-dividend date of this dividend was Thursday, December 6th. Kforce’s payout ratio is 45.86%.

In related news, COO Kye L. Mitchell sold 5,770 shares of the company’s stock in a transaction that occurred on Friday, November 2nd. The stock was sold at an average price of $32.34, for a total value of $186,601.80. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO David M. Kelly sold 2,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 7th. The stock was sold at an average price of $32.66, for a total value of $65,320.00. The disclosure for this sale can be found here. Insiders have sold a total of 41,309 shares of company stock worth $1,259,069 in the last quarter. 12.50% of the stock is currently owned by insiders.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. BlackRock Inc. grew its holdings in shares of Kforce by 30.1% in the 3rd quarter. BlackRock Inc. now owns 2,693,340 shares of the business services provider’s stock worth $101,271,000 after acquiring an additional 622,623 shares during the period. Vanguard Group Inc. grew its holdings in shares of Kforce by 7.5% in the 3rd quarter. Vanguard Group Inc. now owns 2,262,431 shares of the business services provider’s stock worth $85,067,000 after acquiring an additional 157,652 shares during the period. Vanguard Group Inc grew its holdings in shares of Kforce by 7.5% in the 3rd quarter. Vanguard Group Inc now owns 2,262,431 shares of the business services provider’s stock worth $85,067,000 after acquiring an additional 157,652 shares during the period. Dimensional Fund Advisors LP grew its holdings in shares of Kforce by 0.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,461,301 shares of the business services provider’s stock worth $50,123,000 after acquiring an additional 4,460 shares during the period. Finally, AQR Capital Management LLC grew its holdings in shares of Kforce by 68.4% in the 3rd quarter. AQR Capital Management LLC now owns 578,423 shares of the business services provider’s stock worth $21,749,000 after acquiring an additional 234,919 shares during the period. Institutional investors and hedge funds own 82.22% of the company’s stock.

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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