Kforce (NASDAQ:KFRC) Price Target Lowered to $71.00 at Robert W. Baird

Kforce (NASDAQ:KFRC) had its target price dropped by Robert W. Baird from $72.00 to $71.00 in a note issued to investors on Tuesday, Benzinga reports. The firm presently has an “outperform” rating on the business services provider’s stock. Robert W. Baird’s target price indicates a potential upside of 14.85% from the company’s previous close.

Other research analysts have also recently issued research reports about the stock. StockNews.com cut shares of Kforce from a “buy” rating to a “hold” rating in a report on Tuesday, February 6th. Truist Financial increased their price target on Kforce from $57.00 to $70.00 and gave the company a “hold” rating in a research report on Thursday, January 25th. Four research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $68.00.

Kforce Trading Down 3.8 %

Shares of NASDAQ KFRC traded down $2.41 during mid-day trading on Tuesday, hitting $61.82. 81,927 shares of the company traded hands, compared to its average volume of 106,068. The company has a quick ratio of 2.37, a current ratio of 2.37 and a debt-to-equity ratio of 0.26. Kforce has a 1 year low of $50.89 and a 1 year high of $74.79. The stock has a market capitalization of $1.21 billion, a price-to-earnings ratio of 19.78 and a beta of 0.85. The business has a 50 day moving average of $68.11 and a two-hundred day moving average of $66.48.

Kforce (NASDAQ:KFRC) last posted its quarterly earnings data on Monday, April 29th. The business services provider reported $0.58 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.58. The business had revenue of $351.89 million during the quarter, compared to the consensus estimate of $354.92 million. Kforce had a net margin of 3.99% and a return on equity of 38.24%. Kforce’s quarterly revenue was down 13.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.82 EPS. On average, sell-side analysts anticipate that Kforce will post 3.02 earnings per share for the current fiscal year.

Institutional Trading of Kforce

Several institutional investors and hedge funds have recently added to or reduced their stakes in KFRC. SRS Capital Advisors Inc. lifted its holdings in Kforce by 420.9% during the fourth quarter. SRS Capital Advisors Inc. now owns 448 shares of the business services provider’s stock worth $30,000 after buying an additional 362 shares during the period. Benjamin F. Edwards & Company Inc. grew its stake in shares of Kforce by 487.7% during the 1st quarter. Benjamin F. Edwards & Company Inc. now owns 670 shares of the business services provider’s stock worth $47,000 after purchasing an additional 556 shares during the period. First Horizon Advisors Inc. increased its stake in shares of Kforce by 22.8% in the 3rd quarter. First Horizon Advisors Inc. now owns 1,207 shares of the business services provider’s stock valued at $72,000 after purchasing an additional 224 shares in the last quarter. Virtu Financial LLC purchased a new position in shares of Kforce during the 4th quarter valued at approximately $207,000. Finally, GW Henssler & Associates Ltd. purchased a new stake in Kforce during the 3rd quarter worth approximately $213,000. Institutional investors own 92.77% of the company’s stock.

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.