Kforce Inc. (NASDAQ:KFRC) Receives Average Recommendation of “Hold” from Analysts

Shares of Kforce Inc. (NASDAQ:KFRC) have been given an average recommendation of “Hold” by the four brokerages that are presently covering the company, Marketbeat reports. Three research analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average 1-year target price among analysts that have covered the stock in the last year is $68.00.

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

Institutional Trading of Kforce

Several hedge funds and other institutional investors have recently modified their holdings of the company. Vaughan Nelson Investment Management L.P. grew its holdings in shares of Kforce by 14.6% during the first 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 in the last quarter. SG Americas Securities LLC acquired a new stake in shares of Kforce in the second quarter valued at approximately $718,000. Sei Investments Co. lifted its position in shares of Kforce by 36.1% in the first 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 in the last quarter. Franklin Resources Inc. boosted its holdings 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 purchasing an additional 40,527 shares during the last quarter. Finally, Hantz Financial Services Inc. bought a new position in Kforce in the second quarter valued at $1,488,000. Institutional investors and hedge funds own 92.77% of the company’s stock.

Kforce Trading Down 0.8 %

Shares of KFRC opened at $61.13 on Friday. The company has a current ratio of 2.33, a quick ratio of 2.33 and a debt-to-equity ratio of 0.22. The stock has a market cap of $1.19 billion, a PE ratio of 21.15 and a beta of 0.88. Kforce has a 1 year low of $55.55 and a 1 year high of $74.79. The stock has a 50 day simple moving average of $64.71 and a 200-day simple moving average of $64.44.

Kforce (NASDAQ:KFRC) last issued its quarterly earnings data on Monday, July 29th. The business services provider reported $0.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.73 by $0.02. Kforce had a return on equity of 34.89% and a net margin of 3.56%. The company 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 business’s revenue was down 8.4% on a year-over-year basis. On average, sell-side analysts predict that Kforce will post 2.7 EPS for the current fiscal year.

Kforce Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 27th. Investors of record on Friday, September 13th will be given a $0.38 dividend. The ex-dividend date of this dividend 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%.

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.