Kforce Inc. (NASDAQ:KFRC) Receives Consensus Rating of “Hold” from Analysts

Shares of Kforce Inc. (NASDAQ:KFRC) have earned an average recommendation of “Hold” from the four analysts that are covering the stock, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $68.00.

Separately, StockNews.com upgraded Kforce from a “hold” rating to a “buy” rating in a report on Thursday, August 1st.

Hedge Funds Weigh In On Kforce

A number of large investors have recently made changes to their positions in the company. Vaughan Nelson Investment Management L.P. increased 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 buying an additional 93,180 shares during the period. Franklin Resources Inc. increased its position in Kforce by 4.2% during the fourth quarter. Franklin Resources Inc. now owns 999,557 shares of the business services provider’s stock worth $67,530,000 after acquiring an additional 40,527 shares during the period. Wellington Management Group LLP raised its stake in Kforce by 151.5% in the 4th quarter. Wellington Management Group LLP now owns 62,280 shares of the business services provider’s stock worth $4,208,000 after purchasing an additional 37,512 shares in the last quarter. Hantz Financial Services Inc. bought a new stake in Kforce in the 2nd quarter valued at about $1,488,000. Finally, Aptus Capital Advisors LLC boosted its holdings in Kforce by 24.8% in the 2nd quarter. Aptus Capital Advisors LLC now owns 75,081 shares of the business services provider’s stock valued at $4,665,000 after purchasing an additional 14,925 shares during the period. Institutional investors own 92.77% of the company’s stock.

Kforce Stock Down 0.8 %

KFRC stock opened at $61.13 on Friday. The company has a market cap of $1.19 billion, a price-to-earnings ratio of 21.15 and a beta of 0.88. Kforce has a twelve month low of $55.55 and a twelve month high of $74.79. The business has a 50 day moving average price of $64.71 and a two-hundred day moving average price of $64.44. The company has a quick ratio of 2.33, a current ratio of 2.33 and a debt-to-equity ratio of 0.22.

Kforce (NASDAQ:KFRC) last released its earnings results on Monday, July 29th. The business services provider reported $0.75 earnings per share for the quarter, beating the consensus estimate of $0.73 by $0.02. Kforce had a net margin of 3.56% and a return on equity of 34.89%. The business had revenue of $356.32 million during the quarter, compared to analysts’ expectations of $356.20 million. During the same period last year, the business earned $0.95 earnings per share. The firm’s revenue was down 8.4% on a year-over-year basis. Analysts anticipate that Kforce will post 2.7 EPS for the current fiscal year.

Kforce Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, September 27th. Shareholders of record on Friday, September 13th will be issued a $0.38 dividend. The ex-dividend date is Friday, September 13th. This represents a $1.52 annualized dividend and a yield of 2.49%. Kforce’s dividend payout ratio is currently 52.60%.

About Kforce

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.