Kforce (NASDAQ:KFRC) Rating Lowered to “Hold” at StockNews.com

Kforce (NASDAQ:KFRC) was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating in a note issued to investors on Thursday.

Several other brokerages also recently weighed in on KFRC. Truist Financial lowered their target price on Kforce from $68.00 to $58.00 and set a “hold” rating for the company in a research note on Tuesday. Sidoti upgraded Kforce from a “neutral” rating to a “buy” rating and set a $71.00 price objective on the stock in a report on Tuesday, October 15th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, Kforce presently has an average rating of “Hold” and an average price target of $65.75.

Kforce Stock Down 1.0 %

Kforce stock traded down $0.61 during midday trading on Thursday, hitting $57.79. 187,156 shares of the company were exchanged, compared to its average volume of 112,710. The company has a market cap of $1.12 billion, a PE ratio of 19.93 and a beta of 0.87. Kforce has a fifty-two week low of $52.96 and a fifty-two week high of $74.79. The company’s fifty day moving average price is $60.24 and its 200-day moving average price is $62.33. The company has a debt-to-equity ratio of 0.22, a current ratio of 2.33 and a quick ratio of 2.33.

Kforce (NASDAQ:KFRC) last posted its earnings results on Monday, October 28th. The business services provider reported $0.75 EPS for the quarter, topping analysts’ consensus estimates of $0.69 by $0.06. The business had revenue of $353.30 million for the quarter, compared to analysts’ expectations of $352.19 million. Kforce had a net margin of 3.56% and a return on equity of 34.89%. The business’s revenue for the quarter was down 5.3% compared to the same quarter last year. During the same period in the previous year, the company posted $0.90 earnings per share. On average, research analysts predict that Kforce will post 2.7 EPS for the current fiscal year.

Institutional Trading of Kforce

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Hantz Financial Services Inc. bought a new position in Kforce during the 2nd quarter worth approximately $1,488,000. Vaughan Nelson Investment Management L.P. lifted its stake 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 worth $47,020,000 after purchasing an additional 23,920 shares during the last quarter. Aptus Capital Advisors LLC boosted its holdings in Kforce by 24.8% in the second quarter. Aptus Capital Advisors LLC now owns 75,081 shares of the business services provider’s stock worth $4,665,000 after purchasing an additional 14,925 shares during the period. Kayne Anderson Rudnick Investment Management LLC increased its stake in Kforce by 0.6% during the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 2,402,035 shares of the business services provider’s stock valued at $149,238,000 after purchasing an additional 13,706 shares during the last quarter. Finally, Sei Investments Co. raised its holdings in shares of Kforce by 36.1% during 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 during the period. 92.77% of the stock is owned by institutional investors.

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.