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 report published on Saturday morning.

Several other research analysts have also recently issued reports on KFRC. Sidoti raised Kforce from a “neutral” rating to a “buy” rating and set a $71.00 price objective for the company in a research report on Tuesday, October 15th. Truist Financial lowered their price target on Kforce from $68.00 to $58.00 and set a “hold” rating for the company in a report on Tuesday, October 29th.

Kforce Price Performance

Kforce stock opened at $61.53 on Friday. The company’s 50 day moving average is $58.31 and its two-hundred day moving average is $61.61. The firm has a market cap of $1.17 billion, a PE ratio of 21.22 and a beta of 0.88. 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 52-week low of $52.96 and a 52-week high of $74.79.

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

Kforce Dividend Announcement

The company also recently announced 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 dividend on an annualized basis and a dividend yield of 2.47%. The ex-dividend date is Friday, December 6th. Kforce’s dividend payout ratio (DPR) is currently 52.41%.

Institutional Trading of Kforce

A number of large investors have recently made changes to their positions in the company. Blue Trust Inc. increased its position in Kforce by 59.9% during the second quarter. Blue Trust Inc. now owns 427 shares of the business services provider’s stock worth $27,000 after buying an additional 160 shares during the period. Kathleen S. Wright Associates Inc. acquired a new position in shares of Kforce in the 3rd quarter valued at $30,000. TD Private Client Wealth LLC raised its position in Kforce by 58.0% in the 3rd quarter. TD Private Client Wealth LLC now owns 496 shares of the business services provider’s stock valued at $30,000 after purchasing an additional 182 shares during the last quarter. nVerses Capital LLC boosted its stake in Kforce by 50.0% during the 2nd quarter. nVerses Capital LLC now owns 900 shares of the business services provider’s stock worth $56,000 after purchasing an additional 300 shares during the period. Finally, Canada Pension Plan Investment Board purchased a new position in Kforce during the 2nd quarter worth $68,000. 92.77% of the stock is owned by institutional investors and hedge funds.

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.