Kforce, Inc. (NASDAQ:KFRC) announced a quarterly dividend on Wednesday, November 1st, Wall Street Journal reports. Shareholders of record on Friday, December 8th will be given a dividend of 0.12 per share by the business services provider on Friday, December 22nd. This represents a $0.48 dividend on an annualized basis and a yield of 2.29%. The ex-dividend date is Thursday, December 7th.
Kforce (NASDAQ:KFRC) last posted its earnings results on Tuesday, October 31st. The business services provider reported $0.45 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.45. Kforce had a net margin of 2.64% and a return on equity of 29.67%. The business had revenue of $341.05 million for the quarter, compared to analyst estimates of $340.67 million. During the same period in the prior year, the company posted $0.44 EPS. The company’s revenue for the quarter was up .2% on a year-over-year basis.
Several research firms have recently issued reports on KFRC. ValuEngine raised shares of Kforce from a “hold” rating to a “buy” rating in a research note on Friday, October 27th. Robert W. Baird reissued a “buy” rating and set a $20.00 target price on shares of Kforce in a research note on Tuesday, September 12th. BidaskClub lowered shares of Kforce from a “buy” rating to a “hold” rating in a research note on Saturday, July 8th. Zacks Investment Research lowered shares of Kforce from a “hold” rating to a “sell” rating in a research note on Thursday, August 3rd. Finally, Deutsche Bank AG lowered their target price on shares of Kforce from $25.00 to $22.00 and set a “hold” rating on the stock in a research note on Wednesday, August 2nd. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $23.20.
In related news, COO Kye L. Mitchell sold 5,000 shares of the company’s stock in a transaction dated Thursday, September 7th. The shares were sold at an average price of $17.99, for a total transaction of $89,950.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 13.30% of the stock is owned by corporate insiders.
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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