Kforce Inc. (KFRC) COO Kye L. Mitchell Sells 15,907 Shares
Kforce Inc. (NASDAQ:KFRC) COO Kye L. Mitchell sold 15,907 shares of the company’s stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $24.65, for a total transaction of $392,107.55. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.
Kforce Inc. (NASDAQ KFRC) traded up $0.85 during trading on Wednesday, hitting $27.30. 196,014 shares of the stock traded hands, compared to its average volume of 118,617. Kforce Inc. has a 52 week low of $16.75 and a 52 week high of $27.52. The firm has a market capitalization of $651.09, a price-to-earnings ratio of 20.19 and a beta of 1.73. The company has a quick ratio of 2.95, a current ratio of 2.95 and a debt-to-equity ratio of 0.91.
Kforce (NASDAQ:KFRC) last released its quarterly earnings data on Tuesday, February 6th. The business services provider reported $0.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.43 by $0.02. Kforce had a net margin of 2.45% and a return on equity of 29.84%. The company had revenue of $342.60 million during the quarter, compared to analyst estimates of $340.02 million. During the same quarter in the prior year, the business earned $0.36 earnings per share. The business’s quarterly revenue was up 5.1% compared to the same quarter last year. sell-side analysts forecast that Kforce Inc. will post 2.13 earnings per share for the current fiscal year.
Several institutional investors have recently added to or reduced their stakes in the company. Two Sigma Investments LP acquired a new stake in shares of Kforce in the fourth quarter worth $1,049,000. Two Sigma Advisers LP increased its position in shares of Kforce by 16.9% in the fourth quarter. Two Sigma Advisers LP now owns 38,010 shares of the business services provider’s stock worth $960,000 after acquiring an additional 5,500 shares in the last quarter. Goldman Sachs Group Inc. increased its position in shares of Kforce by 77.5% in the fourth quarter. Goldman Sachs Group Inc. now owns 20,496 shares of the business services provider’s stock worth $517,000 after acquiring an additional 8,952 shares in the last quarter. Stone Ridge Asset Management LLC acquired a new stake in shares of Kforce in the fourth quarter worth $895,000. Finally, Deutsche Bank AG increased its position in shares of Kforce by 8.3% in the fourth quarter. Deutsche Bank AG now owns 67,228 shares of the business services provider’s stock worth $1,695,000 after acquiring an additional 5,130 shares in the last quarter. 78.11% of the stock is owned by institutional investors.
Several equities analysts recently commented on the stock. Robert W. Baird upped their price target on shares of Kforce from $25.00 to $28.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 7th. Northcoast Research reaffirmed a “buy” rating and set a $33.00 price target on shares of Kforce in a research report on Wednesday, February 7th. Zacks Investment Research lowered shares of Kforce from a “buy” rating to a “hold” rating in a research report on Tuesday, February 6th. ValuEngine raised shares of Kforce from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. Finally, BidaskClub lowered shares of Kforce from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, January 16th. Four equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The company has an average rating of “Buy” and an average price target of $26.50.
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.
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