Kforce (NASDAQ:KFRC) Upgraded at StockNews.com

StockNews.com upgraded shares of Kforce (NASDAQ:KFRC) from a hold rating to a buy rating in a research report report published on Thursday morning.

A number of other equities research analysts have also recently commented on the stock. Sidoti upgraded shares of Kforce from a “neutral” rating to a “buy” rating and set a $71.00 price target on the stock in a report on Tuesday, October 15th. Truist Financial lowered their price objective on Kforce from $68.00 to $58.00 and set a “hold” rating on the stock in a research report on Tuesday, October 29th. One analyst has rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $66.67.

Kforce Stock Down 2.1 %

KFRC stock opened at $58.18 on Thursday. The business has a 50 day moving average of $59.02 and a 200 day moving average of $62.00. The firm has a market cap of $1.11 billion, a PE ratio of 20.06 and a beta of 0.88. Kforce has a twelve month low of $52.96 and a twelve month high of $74.79. The company has a quick ratio of 2.06, a current ratio of 2.06 and a debt-to-equity ratio of 0.16.

Kforce (NASDAQ:KFRC) last posted its quarterly earnings results on Monday, October 28th. The business services provider reported $0.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.69 by $0.06. The firm had revenue of $353.30 million during the quarter, compared to analyst estimates of $352.19 million. Kforce had a return on equity of 33.50% and a net margin of 3.86%. Kforce’s quarterly revenue was down 5.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.90 EPS. On average, research analysts forecast that Kforce will post 2.68 EPS for the current fiscal year.

Kforce Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Friday, December 6th will be given a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a dividend yield of 2.61%. The ex-dividend date is Friday, December 6th. Kforce’s payout ratio is currently 52.41%.

Institutional Trading of Kforce

Several large investors have recently added to or reduced their stakes in KFRC. SG Americas Securities LLC purchased a new position in shares of Kforce during the 2nd quarter worth $718,000. Sei Investments Co. raised its holdings in Kforce by 36.1% in the 1st quarter. Sei Investments Co. now owns 45,459 shares of the business services provider’s stock worth $3,207,000 after purchasing an additional 12,050 shares during the period. Vaughan Nelson Investment Management L.P. lifted its position in Kforce by 3.3% during the second quarter. Vaughan Nelson Investment Management L.P. now owns 756,788 shares of the business services provider’s stock valued at $47,020,000 after purchasing an additional 23,920 shares in the last quarter. Raymond James & Associates grew its holdings in Kforce by 3.8% during the third quarter. Raymond James & Associates now owns 98,253 shares of the business services provider’s stock valued at $6,038,000 after purchasing an additional 3,560 shares during the period. Finally, Kayne Anderson Rudnick Investment Management LLC increased its position in Kforce by 0.6% in the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 2,402,035 shares of the business services provider’s stock worth $149,238,000 after buying an additional 13,706 shares in the last quarter. 92.77% of the stock is currently owned by institutional investors.

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.