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

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

KFRC has been the topic of a number of other research reports. Truist Financial lowered their target price on Kforce from $68.00 to $58.00 and set a “hold” rating on the stock in a report on Tuesday, October 29th. Sidoti upgraded shares of Kforce from a “neutral” rating to a “buy” rating and set a $71.00 price objective on the stock in a research note on Tuesday, October 15th.

Kforce Trading Down 0.3 %

NASDAQ:KFRC opened at $58.32 on Friday. The company’s 50 day moving average is $58.59 and its 200-day moving average is $61.82. 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 has a 12 month low of $52.96 and a 12 month high of $74.79. The firm has a market cap of $1.11 billion, a price-to-earnings ratio of 20.11 and a beta of 0.88.

Kforce (NASDAQ:KFRC) last announced its earnings results on Monday, October 28th. The business services provider reported $0.75 EPS for the quarter, topping the consensus estimate of $0.69 by $0.06. Kforce had a net margin of 3.86% and a return on equity of 33.50%. The firm had revenue of $353.30 million for the quarter, compared to the consensus estimate of $352.19 million. During the same quarter last year, the firm posted $0.90 EPS. The business’s quarterly revenue was down 5.3% on a year-over-year basis. Equities analysts anticipate that Kforce will post 2.68 EPS for the current year.

Institutional Trading of Kforce

A number of institutional investors and hedge funds have recently modified their holdings of the company. Kayne Anderson Rudnick Investment Management LLC boosted 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 worth $149,238,000 after buying an additional 13,706 shares in the last quarter. Vaughan Nelson Investment Management L.P. lifted its holdings in shares of Kforce by 3.3% during the 2nd quarter. Vaughan Nelson Investment Management L.P. now owns 756,788 shares of the business services provider’s stock worth $47,020,000 after acquiring an additional 23,920 shares during the period. Charles Schwab Investment Management Inc. boosted its position in shares of Kforce by 2.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 719,163 shares of the business services provider’s stock valued at $44,193,000 after acquiring an additional 17,087 shares in the last quarter. Geode Capital Management LLC increased its stake in Kforce by 4.0% in the third quarter. Geode Capital Management LLC now owns 480,479 shares of the business services provider’s stock valued at $29,530,000 after acquiring an additional 18,386 shares during the period. Finally, Tributary Capital Management LLC raised its position in Kforce by 0.3% in the second quarter. Tributary Capital Management LLC now owns 307,103 shares of the business services provider’s stock worth $19,080,000 after purchasing an additional 915 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.