Kforce (NASDAQ:KFRC) CEO David L. Dunkel sold 10,000 shares of the company’s stock in a transaction dated Wednesday, March 7th. The shares were sold at an average price of $29.01, for a total transaction of $290,100.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
David L. Dunkel also recently made the following trade(s):
- On Monday, December 18th, David L. Dunkel sold 8,112 shares of Kforce stock. The shares were sold at an average price of $26.50, for a total transaction of $214,968.00.
- On Friday, December 15th, David L. Dunkel sold 388 shares of Kforce stock. The shares were sold at an average price of $26.50, for a total transaction of $10,282.00.
- On Tuesday, December 12th, David L. Dunkel sold 1,500 shares of Kforce stock. The shares were sold at an average price of $26.50, for a total transaction of $39,750.00.
KFRC stock traded down $0.70 on Monday, hitting $26.35. 144,875 shares of the company were exchanged, compared to its average volume of 157,569. Kforce has a twelve month low of $16.75 and a twelve month high of $29.35. The company has a debt-to-equity ratio of 0.89, a quick ratio of 2.93 and a current ratio of 2.93. The firm has a market capitalization of $710.35, a price-to-earnings ratio of 16.69 and a beta of 1.53.
Kforce (NASDAQ:KFRC) last issued its quarterly earnings results on Tuesday, February 6th. The business services provider reported $0.45 EPS for the quarter, topping the 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 in the prior year, the business posted $0.36 earnings per share. Kforce’s revenue for the quarter was up 5.1% compared to the same quarter last year. equities analysts forecast that Kforce will post 2.13 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Friday, March 23rd. Investors of record on Friday, March 9th were given a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 1.82%. The ex-dividend date of this dividend was Thursday, March 8th. Kforce’s dividend payout ratio (DPR) is 30.57%.
Hedge funds have recently modified their holdings of the stock. FDx Advisors Inc. acquired a new position in Kforce during the fourth quarter worth approximately $218,000. IndexIQ Advisors LLC increased its position in Kforce by 83.2% during the third quarter. IndexIQ Advisors LLC now owns 36,495 shares of the business services provider’s stock worth $737,000 after purchasing an additional 16,569 shares during the last quarter. Ramsey Quantitative Systems purchased a new stake in Kforce during the fourth quarter worth approximately $111,000. Schwab Charles Investment Management Inc. grew its stake in Kforce by 3.6% during the fourth 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. Finally, Wells Fargo & Company MN grew its stake in Kforce by 19.9% during the third quarter. Wells Fargo & Company MN now owns 68,636 shares of the business services provider’s stock worth $1,386,000 after buying an additional 11,385 shares during the period. 79.72% of the stock is owned by hedge funds and other institutional investors.
A number of equities analysts have recently weighed in on the stock. Robert W. Baird boosted their price objective on shares of Kforce from $25.00 to $28.00 and gave the company an “outperform” rating in a research report on Wednesday, February 7th. Zacks Investment Research raised shares of Kforce from a “hold” rating to a “buy” rating and set a $29.00 price objective for the company in a research report on Saturday, February 3rd. BidaskClub lowered shares of Kforce from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, January 16th. Northcoast Research reissued a “buy” rating and issued a $33.00 price objective on shares of Kforce in a research report on Wednesday, February 7th. Finally, ValuEngine raised shares of Kforce from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Kforce has a consensus rating of “Buy” and a consensus price target of $26.80.
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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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