MetLife Investment Advisors LLC Purchases New Stake in Kforce (KFRC)
MetLife Investment Advisors LLC bought a new position in Kforce (NASDAQ:KFRC) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 12,692 shares of the business services provider’s stock, valued at approximately $320,000.
Other hedge funds also recently modified their holdings of the company. Ramsey Quantitative Systems purchased a new stake in Kforce in the fourth quarter worth approximately $111,000. Advisor Group Inc. boosted its holdings in Kforce by 91.2% in the fourth quarter. Advisor Group Inc. now owns 4,660 shares of the business services provider’s stock worth $118,000 after purchasing an additional 2,223 shares during the last quarter. Teacher Retirement System of Texas purchased a new stake in Kforce in the fourth quarter worth approximately $209,000. FDx Advisors Inc. purchased a new stake in Kforce in the fourth quarter worth approximately $218,000. Finally, Eqis Capital Management Inc. purchased a new stake in Kforce in the fourth quarter worth approximately $259,000. Institutional investors own 80.13% of the company’s stock.
Several equities research analysts recently issued reports on the stock. BidaskClub cut shares of Kforce from a “buy” rating to a “hold” rating in a report on Saturday. Robert W. Baird raised their target price on shares of Kforce from $25.00 to $28.00 and gave the stock an “outperform” rating in a report on Wednesday, February 7th. Northcoast Research restated a “buy” rating and issued a $33.00 target price on shares of Kforce in a report on Wednesday, February 7th. ValuEngine upgraded shares of Kforce from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. Finally, Zacks Investment Research cut shares of Kforce from a “buy” rating to a “hold” rating in a report on Wednesday, April 11th. Five research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Kforce currently has an average rating of “Hold” and a consensus target price of $26.80.
Shares of Kforce stock opened at $26.90 on Friday. The firm has a market cap of $720.85, a PE ratio of 17.13 and a beta of 1.53. Kforce has a 1-year low of $16.75 and a 1-year high of $29.70. The company has a debt-to-equity ratio of 0.89, a quick ratio of 2.93 and a current ratio of 2.93.
Kforce (NASDAQ:KFRC) last issued its quarterly earnings results on Tuesday, February 6th. The business services provider reported $0.45 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.43 by $0.02. The business had revenue of $342.60 million for the quarter, compared to analysts’ expectations of $340.02 million. Kforce had a net margin of 2.45% and a return on equity of 29.84%. The company’s revenue was up 5.1% compared to the same quarter last year. During the same quarter last year, the company posted $0.36 EPS. equities analysts expect that Kforce will post 2.13 EPS for the current fiscal year.
Kforce Company Profile
Kforce Inc provides professional staffing services and solutions in the United States and internationally. It operates through Technology (Tech), Finance and Accounting (FA), and Government Solutions (GS) segments. The Tech segment provides temporary staffing and permanent placement services to its clients primarily in the areas of information technology, such as systems/applications architecture and development, project management, enterprise data management, business intelligence, artificial intelligence, machine learning, network architecture, and security.
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