Kforce Inc. (NASDAQ:KFRC – Get Free Report) shares gapped up prior to trading on Tuesday . The stock had previously closed at $56.21, but opened at $57.45. Kforce shares last traded at $58.10, with a volume of 13,992 shares trading hands.
Analysts Set New Price Targets
A number of research analysts have weighed in on the company. Sidoti raised Kforce from a “neutral” rating to a “buy” rating and set a $71.00 price target on the stock in a research note on Tuesday. StockNews.com upgraded Kforce from a “hold” rating to a “buy” rating in a research report on Thursday, August 1st. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $68.75.
Check Out Our Latest Stock Analysis on KFRC
Kforce Stock Performance
Kforce (NASDAQ:KFRC – Get Free Report) last issued its earnings results on Monday, July 29th. The business services provider reported $0.75 earnings per share for the quarter, beating analysts’ consensus estimates of $0.73 by $0.02. The firm had revenue of $356.32 million for the quarter, compared to analysts’ expectations of $356.20 million. Kforce had a return on equity of 34.89% and a net margin of 3.56%. The firm’s revenue for the quarter was down 8.4% compared to the same quarter last year. During the same quarter last year, the firm earned $0.95 earnings per share. Equities research analysts anticipate that Kforce Inc. will post 2.7 EPS for the current year.
Kforce Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Friday, September 13th were given a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a yield of 2.59%. The ex-dividend date was Friday, September 13th. Kforce’s dividend payout ratio (DPR) is presently 56.51%.
Institutional Investors Weigh In On Kforce
Several large investors have recently made changes to their positions in the business. Virtu Financial LLC acquired a new stake in Kforce in the 4th quarter valued at $207,000. Wellington Management Group LLP grew its stake in shares of Kforce by 151.5% in the fourth quarter. Wellington Management Group LLP now owns 62,280 shares of the business services provider’s stock valued at $4,208,000 after buying an additional 37,512 shares in the last quarter. Annex Advisory Services LLC raised its holdings in shares of Kforce by 7.9% during the 1st quarter. Annex Advisory Services LLC now owns 7,846 shares of the business services provider’s stock valued at $553,000 after buying an additional 572 shares during the period. Vaughan Nelson Investment Management L.P. lifted its position in Kforce by 14.6% during the 1st quarter. Vaughan Nelson Investment Management L.P. now owns 732,868 shares of the business services provider’s stock worth $51,682,000 after acquiring an additional 93,180 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC boosted its holdings in Kforce by 357.3% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 9,932 shares of the business services provider’s stock worth $700,000 after acquiring an additional 7,760 shares during the period. Institutional investors and hedge funds own 92.77% of the company’s stock.
Kforce Company Profile
Kforce Inc provides professional staffing services and solutions in the United States. It operates through two segments, Technology, and Finance and Accounting (FA). The Technology segment provides talent solutions to its clients primarily in the areas of information technology, such as systems/applications architecture and development, data management and analytics, business and artificial intelligence, machine learning, project and program management, and network architecture and security.
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