Insider Selling: Kforce (NASDAQ:KFRC) Director Sells 2,500 Shares of Company Stock

Kforce Inc. (NASDAQ:KFRC) Director David Dunkel sold 2,500 shares of the stock in a transaction that occurred on Tuesday, November 3rd. The stock was sold at an average price of $58.15, for a total value of $145,375.00. Following the sale, the director owned 503,829 shares in the company, valued at approximately $29,297,656.35. This trade represents a 0.49% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Kforce Trading Down 4.1%

KFRC traded down $2.40 during mid-day trading on Thursday, hitting $55.89. The stock had a trading volume of 206,399 shares, compared to its average volume of 251,166. Kforce Inc. has a 1-year low of $25.07 and a 1-year high of $61.75. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.06 and a quick ratio of 2.06. The firm has a market capitalization of $1.00 billion, a price-to-earnings ratio of 20.85 and a beta of 0.87. The stock’s fifty day simple moving average is $53.42 and its 200-day simple moving average is $44.25.

Kforce Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 18th. Investors of record on Friday, December 4th will be issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date is Friday, December 4th. Kforce’s dividend payout ratio (DPR) is presently 66.95%.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. BlackRock Inc. bought a new stake in shares of Kforce during the second quarter worth $73,001,000. Copeland Capital Management LLC lifted its holdings in Kforce by 51.5% during the 1st quarter. Copeland Capital Management LLC now owns 666,331 shares of the business services provider’s stock worth $19,484,000 after buying an additional 226,520 shares during the period. Bank of New York Mellon Corp bought a new stake in Kforce in the second quarter valued at approximately $10,359,000. Sei Investments Co. boosted its stake in shares of Kforce by 66.7% in the 1st quarter. Sei Investments Co. now owns 246,709 shares of the business services provider’s stock valued at $7,214,000 after purchasing an additional 98,736 shares during the last quarter. Finally, Deutsche Bank AG acquired a new stake in Kforce during the 2nd quarter worth about $4,381,000. Institutional investors and hedge funds own 92.77% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently weighed in on KFRC. Truist Financial boosted their price objective on shares of Kforce from $38.00 to $60.00 and gave the stock a “hold” rating in a research note on Wednesday, July 22nd. Robert W. Baird boosted their target price on shares of Kforce from $63.00 to $66.00 and gave the company an “outperform” rating in a research report on Tuesday, October 27th. Finally, UBS Group raised their price objective on Kforce from $59.00 to $63.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 27th. Two research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $63.00.

About Kforce

Kforce Inc is a professional staffing and business solutions firm that connects organizations with skilled workers and provides services designed to support workforce and project needs. The company primarily operates through its Technology and Finance & Accounting segments.

Kforce Technology provides staffing, consulting, and project-based solutions for areas such as application development, data management, cloud computing, cybersecurity, and other information technology functions.