Kforce Inc. (KFRC) Director Sells $113,102.73 in Stock

Kforce Inc. (NASDAQ:KFRC) Director John Allred sold 2,691 shares of the firm’s stock in a transaction on Friday, August 3rd. The shares were sold at an average price of $42.03, for a total transaction of $113,102.73. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

John Allred also recently made the following trade(s):

  • On Tuesday, August 21st, John Allred sold 2,000 shares of Kforce stock. The shares were sold at an average price of $42.65, for a total transaction of $85,300.00.
  • On Wednesday, August 15th, John Allred sold 1,000 shares of Kforce stock. The shares were sold at an average price of $42.95, for a total transaction of $42,950.00.
  • On Wednesday, August 1st, John Allred sold 4,463 shares of Kforce stock. The shares were sold at an average price of $40.12, for a total transaction of $179,055.56.

NASDAQ:KFRC traded down $0.10 during midday trading on Friday, hitting $42.05. 144,500 shares of the company were exchanged, compared to its average volume of 193,707. Kforce Inc. has a fifty-two week low of $17.30 and a fifty-two week high of $43.51. The company has a debt-to-equity ratio of 0.68, a current ratio of 2.77 and a quick ratio of 2.77. The firm has a market capitalization of $1.09 billion, a P/E ratio of 26.78 and a beta of 1.60.

Kforce (NASDAQ:KFRC) last issued its quarterly earnings data on Wednesday, August 1st. The business services provider reported $0.65 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.64 by $0.01. Kforce had a net margin of 3.00% and a return on equity of 34.52%. The company had revenue of $358.62 million for the quarter, compared to the consensus estimate of $358.07 million. During the same period last year, the firm posted $0.44 EPS. Kforce’s revenue for the quarter was up 5.4% on a year-over-year basis. sell-side analysts anticipate that Kforce Inc. will post 2.25 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 21st. Shareholders of record on Friday, September 7th will be given a dividend of $0.18 per share. This is an increase from Kforce’s previous quarterly dividend of $0.12. This represents a $0.72 annualized dividend and a yield of 1.71%. The ex-dividend date is Thursday, September 6th. Kforce’s dividend payout ratio (DPR) is presently 30.57%.

Institutional investors have recently modified their holdings of the business. Mount Yale Investment Advisors LLC purchased a new position in Kforce during the 1st quarter worth $122,000. Advisor Group Inc. grew its position in Kforce by 91.2% during the 4th quarter. Advisor Group Inc. now owns 4,660 shares of the business services provider’s stock worth $118,000 after purchasing an additional 2,223 shares during the last quarter. Meeder Asset Management Inc. grew its position in Kforce by 207.9% during the 2nd quarter. Meeder Asset Management Inc. now owns 5,567 shares of the business services provider’s stock worth $191,000 after purchasing an additional 3,759 shares during the last quarter. Zebra Capital Management LLC purchased a new position in Kforce during the 2nd quarter worth $217,000. Finally, OLD National Bancorp IN purchased a new position in Kforce during the 2nd quarter worth $222,000. 79.75% of the stock is currently owned by institutional investors.

Several equities research analysts recently commented on KFRC shares. Northcoast Research lowered shares of Kforce from a “buy” rating to a “neutral” rating and set a $33.00 price target on the stock. in a research note on Friday, June 1st. Zacks Investment Research upgraded shares of Kforce from a “hold” rating to a “buy” rating and set a $47.00 price target on the stock in a research note on Saturday, August 4th. BidaskClub upgraded shares of Kforce from a “buy” rating to a “strong-buy” rating in a research note on Saturday, June 16th. SunTrust Banks lifted their price target on shares of Kforce to $44.00 and gave the stock a “hold” rating in a research note on Thursday, August 2nd. Finally, Credit Suisse Group started coverage on shares of Kforce in a research note on Friday, August 10th. They set a “neutral” rating and a $38.00 price target on the stock. Three investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. Kforce presently has an average rating of “Buy” and a consensus price target of $41.40.

About Kforce

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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Insider Buying and Selling by Quarter for Kforce (NASDAQ:KFRC)

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