Kforce (NASDAQ:KFRC) had its price objective trimmed by Robert W. Baird from $42.00 to $38.00 in a research note issued to investors on Monday, The Fly reports. The brokerage currently has an outperform rating on the business services provider’s stock. The analysts noted that the move was a valuation call.

Other analysts have also issued research reports about the company. BidaskClub lowered Kforce from a sell rating to a strong sell rating in a research note on Friday, January 24th. ValuEngine lowered Kforce from a hold rating to a sell rating in a research note on Tuesday, February 4th. Finally, Zacks Investment Research lowered Kforce from a hold rating to a sell rating in a research note on Saturday, February 8th. Three equities research analysts have rated the stock with a sell rating and two have issued a buy rating to the stock. Kforce presently has an average rating of Hold and an average price target of $38.00.

KFRC traded down $0.46 during midday trading on Monday, hitting $33.92. The stock had a trading volume of 5,993 shares, compared to its average volume of 118,124. The company has a market cap of $783.79 million, a P/E ratio of 6.27 and a beta of 1.20. The business has a fifty day moving average of $38.20 and a 200 day moving average of $37.40. The company has a debt-to-equity ratio of 0.35, a quick ratio of 2.87 and a current ratio of 2.87. Kforce has a 1 year low of $31.50 and a 1 year high of $42.64.

Kforce (NASDAQ:KFRC) last issued its earnings results on Wednesday, February 5th. The business services provider reported $0.66 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.67 by ($0.01). The firm had revenue of $336.23 million during the quarter, compared to analysts’ expectations of $339.56 million. Kforce had a return on equity of 28.93% and a net margin of 9.71%. The firm’s quarterly revenue was up 1.8% compared to the same quarter last year. During the same period in the prior year, the company earned $0.65 EPS. On average, equities research analysts anticipate that Kforce will post 2.68 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 20th. Stockholders of record on Friday, March 6th will be paid a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.36%. The ex-dividend date is Thursday, March 5th. This is a positive change from Kforce’s previous quarterly dividend of $0.18. Kforce’s dividend payout ratio is 30.64%.

In related news, Director Richard M. Cocchiaro sold 17,500 shares of the firm’s stock in a transaction on Wednesday, December 18th. The stock was sold at an average price of $40.19, for a total value of $703,325.00. Following the completion of the sale, the director now owns 367,168 shares of the company’s stock, valued at $14,756,481.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Richard M. Cocchiaro sold 34,500 shares of the firm’s stock in a transaction on Friday, December 20th. The stock was sold at an average price of $41.06, for a total value of $1,416,570.00. Following the completion of the sale, the director now directly owns 337,668 shares of the company’s stock, valued at approximately $13,864,648.08. The disclosure for this sale can be found here. In the last three months, insiders have sold 74,903 shares of company stock valued at $3,041,631. Insiders own 11.80% of the company’s stock.

A number of hedge funds have recently made changes to their positions in KFRC. Prudential Financial Inc. lifted its stake in Kforce by 67.0% in the fourth quarter. Prudential Financial Inc. now owns 407,107 shares of the business services provider’s stock worth $16,162,000 after acquiring an additional 163,333 shares during the period. Morgan Stanley lifted its stake in Kforce by 154.1% in the second quarter. Morgan Stanley now owns 147,288 shares of the business services provider’s stock worth $5,170,000 after acquiring an additional 89,325 shares during the period. Acadian Asset Management LLC lifted its stake in Kforce by 18.4% in the fourth quarter. Acadian Asset Management LLC now owns 486,784 shares of the business services provider’s stock worth $19,327,000 after acquiring an additional 75,731 shares during the period. Winmill & CO. Inc. purchased a new stake in Kforce in the fourth quarter worth $2,465,000. Finally, Hotchkis & Wiley Capital Management LLC purchased a new stake in Kforce in the fourth quarter worth $1,775,000. 85.56% of the stock is owned by institutional investors.

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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