Michael R. Blackman Sells 7,865 Shares of Kforce Inc. (KFRC) Stock

Kforce Inc. (NASDAQ:KFRC) insider Michael R. Blackman sold 7,865 shares of the company’s stock in a transaction dated Friday, January 5th. The stock was sold at an average price of $26.01, for a total value of $204,568.65. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

Michael R. Blackman also recently made the following trade(s):

  • On Wednesday, January 3rd, Michael R. Blackman sold 442 shares of Kforce stock. The stock was sold at an average price of $25.95, for a total value of $11,469.90.

Kforce Inc. (KFRC) remained flat at $$26.85 during trading on Tuesday. 117,659 shares of the company were exchanged, compared to its average volume of 108,233. The company has a current ratio of 2.95, a quick ratio of 2.95 and a debt-to-equity ratio of 0.91. The stock has a market cap of $710.65, a price-to-earnings ratio of 18.91 and a beta of 1.68. Kforce Inc. has a 1 year low of $16.75 and a 1 year high of $27.30.

Kforce (NASDAQ:KFRC) last posted its quarterly earnings results on Tuesday, October 31st. The business services provider reported $0.45 EPS for the quarter, meeting the consensus estimate of $0.45. The firm 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%. The company’s revenue for the quarter was up .2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.44 EPS. equities analysts expect that Kforce Inc. will post 1.5 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 22nd. Stockholders of record on Friday, December 8th were paid a $0.12 dividend. The ex-dividend date of this dividend was Thursday, December 7th. This represents a $0.48 annualized dividend and a dividend yield of 1.79%. Kforce’s dividend payout ratio is currently 33.80%.

Several hedge funds have recently added to or reduced their stakes in the company. California Public Employees Retirement System grew its stake in shares of Kforce by 3.0% in the 3rd quarter. California Public Employees Retirement System now owns 119,477 shares of the business services provider’s stock valued at $2,413,000 after purchasing an additional 3,477 shares during the period. Royce & Associates LP grew its stake in shares of Kforce by 9.1% in the 3rd quarter. Royce & Associates LP now owns 248,374 shares of the business services provider’s stock valued at $5,017,000 after purchasing an additional 20,700 shares during the period. Envestnet Asset Management Inc. grew its stake in shares of Kforce by 18.8% in the 3rd quarter. Envestnet Asset Management Inc. now owns 19,487 shares of the business services provider’s stock valued at $394,000 after purchasing an additional 3,078 shares during the period. KBC Group NV grew its stake in shares of Kforce by 44.8% in the 3rd quarter. KBC Group NV now owns 19,631 shares of the business services provider’s stock valued at $397,000 after purchasing an additional 6,077 shares during the period. Finally, Schwab Charles Investment Management Inc. grew its stake in shares of Kforce by 11.8% in the 3rd quarter. Schwab Charles Investment Management Inc. now owns 262,113 shares of the business services provider’s stock valued at $5,295,000 after purchasing an additional 27,744 shares during the period. Institutional investors own 78.77% of the company’s stock.

Several research firms recently weighed in on KFRC. Northcoast Research raised Kforce from a “neutral” rating to a “buy” rating in a research report on Monday, November 6th. Zacks Investment Research raised Kforce from a “sell” rating to a “hold” rating in a research report on Wednesday, October 4th. SunTrust Banks cut Kforce from a “buy” rating to a “hold” rating and cut their price objective for the stock from $23.00 to $22.00 in a research report on Wednesday, October 11th. TheStreet raised Kforce from a “c+” rating to a “b” rating in a research report on Monday, October 2nd. Finally, BidaskClub cut Kforce from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, December 27th. Five research analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $24.83.

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Kforce Company Profile

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.

Insider Buying and Selling by Quarter for Kforce (NASDAQ:KFRC)

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