Kforce Inc. (NASDAQ:KFRC) Receives Consensus Rating of “Hold” from Brokerages

Kforce Inc. (NASDAQ:KFRC) has been assigned a consensus rating of “Hold” from the four brokerages that are covering the firm, MarketBeat reports. Three research analysts have rated the stock with a hold rating and one has given a buy rating to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $68.00.

A number of research firms have recently commented on KFRC. StockNews.com downgraded Kforce from a “buy” rating to a “hold” rating in a report on Tuesday, February 6th. Robert W. Baird cut their price target on shares of Kforce from $72.00 to $71.00 and set an “outperform” rating on the stock in a report on Tuesday, April 30th. Finally, Truist Financial boosted their price objective on shares of Kforce from $57.00 to $70.00 and gave the stock a “hold” rating in a research note on Thursday, January 25th.

Kforce Trading Down 0.8 %

Shares of KFRC stock opened at $61.96 on Thursday. The firm’s 50-day simple moving average is $65.94 and its 200-day simple moving average is $67.05. The company has a debt-to-equity ratio of 0.25, a current ratio of 2.32 and a quick ratio of 2.32. Kforce has a 1-year low of $53.75 and a 1-year high of $74.79. The firm has a market cap of $1.21 billion, a P/E ratio of 21.44 and a beta of 0.88.

Kforce (NASDAQ:KFRC) last announced its quarterly earnings results on Monday, April 29th. The business services provider reported $0.58 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.58. The company had revenue of $351.89 million for the quarter, compared to analyst estimates of $354.92 million. Kforce had a net margin of 3.78% and a return on equity of 36.39%. Kforce’s revenue for the quarter was down 13.3% on a year-over-year basis. During the same quarter last year, the business earned $0.82 EPS. As a group, equities analysts forecast that Kforce will post 2.82 EPS for the current year.

Kforce Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 14th will be given a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a yield of 2.45%. The ex-dividend date of this dividend is Friday, June 14th. Kforce’s dividend payout ratio (DPR) is presently 52.60%.

Institutional Trading of Kforce

Several large investors have recently bought and sold shares of the company. Franklin Resources Inc. boosted its stake in shares of Kforce by 4.2% in the fourth quarter. Franklin Resources Inc. now owns 999,557 shares of the business services provider’s stock valued at $67,530,000 after purchasing an additional 40,527 shares during the period. Vaughan Nelson Investment Management L.P. grew its stake 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 valued at $51,682,000 after acquiring an additional 93,180 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of Kforce by 0.6% during the third quarter. Charles Schwab Investment Management Inc. now owns 608,404 shares of the business services provider’s stock valued at $36,297,000 after acquiring an additional 3,689 shares in the last quarter. Wells Fargo & Company MN increased its position in shares of Kforce by 0.9% during the fourth quarter. Wells Fargo & Company MN now owns 291,159 shares of the business services provider’s stock worth $19,671,000 after acquiring an additional 2,628 shares during the last quarter. Finally, Victory Capital Management Inc. lifted its stake in shares of Kforce by 1.5% in the fourth quarter. Victory Capital Management Inc. now owns 199,533 shares of the business services provider’s stock worth $13,480,000 after acquiring an additional 2,941 shares in the last quarter. Institutional investors and hedge funds own 92.77% of the company’s stock.

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.