Kforce, Inc. (NASDAQ:KFRC) Upgraded at Northcoast Research

Kforce, Inc. (NASDAQ:KFRC) was upgraded by equities research analysts at Northcoast Research from a “neutral” rating to a “buy” rating in a report released on Monday, November 6th, MarketBeat.com reports. Northcoast Research also issued estimates for Kforce’s Q4 2017 earnings at $0.42 EPS and FY2018 earnings at $1.79 EPS.

Other equities analysts also recently issued research reports about the stock. TheStreet raised shares of Kforce from a “c+” rating to a “b” rating in a research note on Monday, October 2nd. Robert W. Baird reissued a “buy” rating and issued a $25.00 price objective on shares of Kforce in a research report on Friday, November 3rd. ValuEngine raised shares of Kforce from a “hold” rating to a “buy” rating in a research report on Friday, October 27th. SunTrust Banks, Inc. lowered shares of Kforce from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $23.00 to $22.00 in a research report on Wednesday, October 11th. Finally, Zacks Investment Research raised shares of Kforce from a “sell” rating to a “hold” rating in a research report on Wednesday, October 4th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and five have given a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $24.20.

Kforce (NASDAQ KFRC) opened at $25.25 on Monday. The company has a debt-to-equity ratio of 0.91, a quick ratio of 2.95 and a current ratio of 2.95. The stock has a market cap of $668.29, a P/E ratio of 17.06 and a beta of 1.57. Kforce has a one year low of $16.75 and a one year high of $26.95.

Kforce (NASDAQ:KFRC) last announced its quarterly earnings data on Tuesday, October 31st. The business services provider reported $0.45 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.45. The business had revenue of $341.05 million for the quarter, compared to the consensus estimate of $340.67 million. Kforce had a net margin of 2.71% and a return on equity of 28.83%. The company’s quarterly revenue was up .2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.44 earnings per share. research analysts forecast that Kforce will post 1.5 EPS for the current fiscal year.

In other news, CEO David L. Dunkel sold 17,000 shares of the firm’s stock in a transaction dated Monday, November 6th. The shares were sold at an average price of $23.90, for a total value of $406,300.00. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CFO David M. Kelly sold 15,000 shares of the firm’s stock in a transaction dated Monday, November 6th. The stock was sold at an average price of $24.05, for a total transaction of $360,750.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 46,250 shares of company stock valued at $1,070,388. 13.30% of the stock is owned by company insiders.

A number of large investors have recently modified their holdings of KFRC. Parametric Portfolio Associates LLC lifted its position in Kforce by 0.8% in the 1st quarter. Parametric Portfolio Associates LLC now owns 76,375 shares of the business services provider’s stock valued at $1,814,000 after purchasing an additional 637 shares during the last quarter. JPMorgan Chase & Co. lifted its position in Kforce by 18.3% in the 1st quarter. JPMorgan Chase & Co. now owns 97,958 shares of the business services provider’s stock valued at $2,327,000 after purchasing an additional 15,119 shares during the last quarter. American International Group Inc. increased its stake in Kforce by 7.1% during the 1st quarter. American International Group Inc. now owns 15,103 shares of the business services provider’s stock valued at $359,000 after buying an additional 1,001 shares during the period. Teachers Advisors LLC increased its stake in Kforce by 31.3% during the 1st quarter. Teachers Advisors LLC now owns 415,407 shares of the business services provider’s stock valued at $9,866,000 after buying an additional 98,945 shares during the period. Finally, TIAA CREF Investment Management LLC increased its stake in Kforce by 5.3% during the 1st quarter. TIAA CREF Investment Management LLC now owns 227,929 shares of the business services provider’s stock valued at $5,413,000 after buying an additional 11,419 shares during the period. Hedge funds and other institutional investors own 79.73% of the company’s stock.

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About Kforce

Kforce Inc (Kforce) is engaged in providing professional and technical specialty staffing services and solutions. The Company operates through three segments, which include Technology (Tech), Finance and Accounting (FA) and Government Solutions (GS). The Company’s Tech segment includes the operations of its subsidiary Kforce Global Solutions, Inc The FA segment is engaged in providing both temporary staffing and permanent placement services to its clients in areas, such as general accounting, business analysis and others.

Analyst Recommendations for Kforce (NASDAQ:KFRC)

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