Dupont Capital Management Corp trimmed its holdings in shares of Kforce Inc. (NASDAQ:KFRC) by 47.4% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 18,948 shares of the business services provider’s stock after selling 17,082 shares during the period. Dupont Capital Management Corp owned about 0.09% of Kforce worth $554,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Victory Capital Management Inc. boosted its holdings in shares of Kforce by 8.8% during the fourth quarter. Victory Capital Management Inc. now owns 4,630 shares of the business services provider’s stock worth $184,000 after purchasing an additional 373 shares during the period. Public Sector Pension Investment Board purchased a new stake in shares of Kforce during the fourth quarter worth about $608,000. UBS Group AG boosted its holdings in shares of Kforce by 23.7% during the fourth quarter. UBS Group AG now owns 26,236 shares of the business services provider’s stock worth $1,042,000 after purchasing an additional 5,028 shares during the period. Cubist Systematic Strategies LLC purchased a new stake in shares of Kforce during the fourth quarter worth about $701,000. Finally, Nuveen Asset Management LLC boosted its holdings in shares of Kforce by 9.0% during the fourth quarter. Nuveen Asset Management LLC now owns 348,560 shares of the business services provider’s stock worth $13,838,000 after purchasing an additional 28,642 shares during the period. Institutional investors and hedge funds own 81.77% of the company’s stock.
A number of analysts have recently weighed in on the stock. Sidoti lowered shares of Kforce from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $35.00 to $33.00 in a report on Thursday, May 28th. Zacks Investment Research upgraded shares of Kforce from a “hold” rating to a “buy” rating and set a $33.00 price objective for the company in a report on Wednesday, June 17th. Robert W. Baird raised their price objective on shares of Kforce from $30.00 to $32.00 and gave the stock an “outperform” rating in a report on Thursday, May 7th. BidaskClub lowered shares of Kforce from a “hold” rating to a “sell” rating in a report on Tuesday, June 23rd. Finally, Northcoast Research reaffirmed a “neutral” rating on shares of Kforce in a research note on Thursday, May 7th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $32.00.
In other news, President Joseph J. Liberatore sold 30,882 shares of Kforce stock in a transaction on Monday, May 11th. The shares were sold at an average price of $29.42, for a total transaction of $908,548.44. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO David L. Dunkel sold 9,133 shares of Kforce stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of $31.06, for a total transaction of $283,670.98. The disclosure for this sale can be found here. Insiders sold 85,472 shares of company stock worth $2,528,379 in the last 90 days. 10.80% of the stock is currently owned by corporate insiders.
Shares of KFRC opened at $28.84 on Friday. The company has a market capitalization of $632.17 million, a P/E ratio of 6.06 and a beta of 1.32. The company has a quick ratio of 2.95, a current ratio of 2.95 and a debt-to-equity ratio of 0.65. The firm has a 50 day moving average of $28.25 and a 200 day moving average of $30.40. Kforce Inc. has a twelve month low of $20.60 and a twelve month high of $42.64.
Kforce (NASDAQ:KFRC) last issued its earnings results on Wednesday, May 6th. The business services provider reported $0.42 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.42. Kforce had a net margin of 8.34% and a return on equity of 30.80%. The company had revenue of $335.21 million for the quarter, compared to analysts’ expectations of $335.00 million. On average, sell-side analysts expect that Kforce Inc. will post 1.5 EPS for the current year.
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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