Kforce Inc. (KFRC) Insider Michael R. Blackman Sells 442 Shares

Kforce Inc. (NASDAQ:KFRC) insider Michael R. Blackman sold 442 shares of Kforce stock in a transaction dated Wednesday, January 3rd. The shares were sold at an average price of $25.95, for a total value of $11,469.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Shares of Kforce Inc. (NASDAQ:KFRC) opened at $26.65 on Monday. The company has a debt-to-equity ratio of 0.91, a current ratio of 2.95 and a quick ratio of 2.95. The company has a market capitalization of $705.35, a PE ratio of 18.64 and a beta of 1.68. Kforce Inc. has a 52 week low of $16.75 and a 52 week high of $27.05.

Kforce (NASDAQ:KFRC) last announced its quarterly earnings results on Tuesday, October 31st. The business services provider reported $0.45 EPS for the quarter, meeting analysts’ consensus estimates of $0.45. The company had revenue of $341.05 million during the quarter, compared to analysts’ expectations of $340.67 million. Kforce had a return on equity of 28.83% and a net margin of 2.71%. Kforce’s revenue was up .2% on a year-over-year basis. During the same period in the prior year, the business posted $0.44 EPS. sell-side analysts predict that Kforce Inc. will post 1.5 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 22nd. Investors of record on Friday, December 8th were given a $0.12 dividend. The ex-dividend date was Thursday, December 7th. This represents a $0.48 annualized dividend and a dividend yield of 1.80%. Kforce’s dividend payout ratio is presently 33.57%.

Several institutional investors and hedge funds have recently modified their holdings of the stock. California Public Employees Retirement System grew its position in shares of Kforce by 0.3% in the 2nd quarter. California Public Employees Retirement System now owns 116,000 shares of the business services provider’s stock valued at $2,274,000 after purchasing an additional 400 shares during the period. Brandywine Global Investment Management LLC grew its position in shares of Kforce by 7.3% in the 2nd quarter. Brandywine Global Investment Management LLC now owns 14,376 shares of the business services provider’s stock valued at $282,000 after purchasing an additional 976 shares during the period. Voya Investment Management LLC grew its position in shares of Kforce by 13.4% in the 2nd quarter. Voya Investment Management LLC now owns 13,979 shares of the business services provider’s stock valued at $274,000 after purchasing an additional 1,653 shares during the period. Broadview Advisors LLC grew its position in shares of Kforce by 0.6% in the 2nd quarter. Broadview Advisors LLC now owns 363,538 shares of the business services provider’s stock valued at $7,125,000 after purchasing an additional 2,050 shares during the period. Finally, Northern Trust Corp grew its position in shares of Kforce by 0.4% in the 2nd quarter. Northern Trust Corp now owns 623,772 shares of the business services provider’s stock valued at $12,226,000 after purchasing an additional 2,227 shares during the period. Institutional investors and hedge funds own 78.77% of the company’s stock.

KFRC has been the subject of a number of research analyst reports. Northcoast Research raised Kforce from a “neutral” rating to a “buy” rating in a report on Monday, November 6th. Zacks Investment Research raised Kforce from a “sell” rating to a “hold” rating in a report on Wednesday, October 4th. SunTrust Banks cut 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 report on Wednesday, October 11th. TheStreet raised Kforce from a “c+” rating to a “b” rating in a report on Monday, October 2nd. Finally, BidaskClub cut Kforce from a “strong-buy” rating to a “buy” rating in a report on Wednesday, December 27th. Four research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $24.83.

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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.

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