Kforce’s (KFRC) Buy Rating Reiterated at Northcoast Research

Northcoast Research reiterated their buy rating on shares of Kforce (NASDAQ:KFRC) in a report released on Wednesday morning. Northcoast Research currently has a $33.00 target price on the business services provider’s stock.

Other equities research analysts have also issued research reports about the stock. ValuEngine upgraded shares of Kforce from a hold rating to a buy rating in a research note on Friday, February 2nd. Zacks Investment Research lowered shares of Kforce from a buy rating to a hold rating in a research note on Tuesday. Robert W. Baird restated a buy rating and set a $25.00 price target on shares of Kforce in a research note on Friday, November 3rd. BidaskClub lowered shares of Kforce from a strong-buy rating to a buy rating in a research note on Tuesday, January 16th. Finally, SunTrust Banks lowered shares of Kforce from a buy rating to a hold rating and decreased their price target for the stock from $23.00 to $22.00 in a research note on Wednesday, October 11th. Five equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Kforce currently has an average rating of Buy and a consensus target price of $26.57.

Shares of Kforce (NASDAQ KFRC) opened at $24.85 on Wednesday. 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 cap of $639.18, a PE ratio of 18.97 and a beta of 1.73. Kforce has a one year low of $16.75 and a one year high of $27.30.

Kforce (NASDAQ:KFRC) last posted its quarterly earnings data on Tuesday, February 6th. The business services provider reported $0.45 EPS for the quarter, beating the Thomson Reuters’ 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 firm had revenue of $342.60 million during the quarter, compared to analyst estimates of $340.02 million. During the same quarter last year, the business posted $0.36 EPS. The company’s revenue for the quarter was up 5.1% on a year-over-year basis. equities research analysts forecast that Kforce will post 1.82 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, March 23rd. Stockholders of record on Friday, March 9th will be paid a dividend of $0.12 per share. The ex-dividend date of this dividend is Thursday, March 8th. This represents a $0.48 annualized dividend and a dividend yield of 1.93%. Kforce’s payout ratio is currently 36.64%.

In related news, insider Kye L. Mitchell sold 2,550 shares of the firm’s stock in a transaction that occurred on Tuesday, November 14th. The shares were sold at an average price of $24.35, for a total value of $62,092.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, President Joseph J. Liberatore sold 21,380 shares of the firm’s stock in a transaction that occurred on Tuesday, January 9th. The stock was sold at an average price of $27.15, for a total transaction of $580,467.00. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 67,437 shares of company stock valued at $1,786,277. 13.30% of the stock is owned by insiders.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Teacher Retirement System of Texas bought a new position in Kforce in the 4th quarter worth approximately $209,000. First National Bank of Omaha boosted its holdings in Kforce by 17.9% in the 4th quarter. First National Bank of Omaha now owns 70,425 shares of the business services provider’s stock worth $1,778,000 after buying an additional 10,675 shares during the period. Eqis Capital Management Inc. bought a new position in Kforce in the 4th quarter worth approximately $259,000. Acadian Asset Management LLC boosted its holdings in Kforce by 12,863.4% in the 4th quarter. Acadian Asset Management LLC now owns 47,446 shares of the business services provider’s stock worth $1,198,000 after buying an additional 47,080 shares during the period. Finally, Schwab Charles Investment Management Inc. boosted its holdings in Kforce by 3.6% in the 4th quarter. Schwab Charles Investment Management Inc. now owns 271,429 shares of the business services provider’s stock worth $6,854,000 after buying an additional 9,316 shares during the period. 78.70% of the stock is owned by institutional investors.

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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.

Analyst Recommendations for Kforce (NASDAQ:KFRC)

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