Kforce Inc. (NASDAQ:KFRC) Short Interest Update

Kforce Inc. (NASDAQ:KFRC) saw a significant decrease in short interest during the month of May. As of May 31st, there was short interest totalling 1,070,000 shares, a decrease of 6.1% from the May 15th total of 1,140,000 shares. Based on an average daily volume of 85,400 shares, the days-to-cover ratio is currently 12.5 days. Approximately 5.8% of the shares of the company are sold short.

Analysts Set New Price Targets

Separately, Robert W. Baird reduced their target price on Kforce from $72.00 to $71.00 and set an “outperform” rating for the company in a research note on Tuesday, April 30th. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat, Kforce has a consensus rating of “Hold” and an average price target of $68.00.

Insider Activity

In related news, CEO Joseph J. Liberatore sold 6,638 shares of the stock in a transaction that occurred on Thursday, June 13th. The stock was sold at an average price of $62.02, for a total transaction of $411,688.76. Following the sale, the chief executive officer now owns 213,689 shares of the company’s stock, valued at $13,252,991.78. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, Director Mark F. Furlong sold 5,000 shares of the firm’s stock in a transaction on Tuesday, May 28th. The stock was sold at an average price of $61.70, for a total transaction of $308,500.00. Following the completion of the transaction, the director now directly owns 26,297 shares of the company’s stock, valued at approximately $1,622,524.90. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Joseph J. Liberatore sold 6,638 shares of the firm’s stock in a transaction on Thursday, June 13th. The stock was sold at an average price of $62.02, for a total value of $411,688.76. Following the transaction, the chief executive officer now directly owns 213,689 shares of the company’s stock, valued at $13,252,991.78. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 16,439 shares of company stock valued at $1,015,114. 5.30% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the business. SRS Capital Advisors Inc. grew its position in shares of Kforce by 420.9% during the 4th quarter. SRS Capital Advisors Inc. now owns 448 shares of the business services provider’s stock valued at $30,000 after purchasing an additional 362 shares in the last quarter. Benjamin F. Edwards & Company Inc. lifted its stake in Kforce by 487.7% in the first quarter. Benjamin F. Edwards & Company Inc. now owns 670 shares of the business services provider’s stock worth $47,000 after purchasing an additional 556 shares during the last quarter. Virtu Financial LLC bought a new stake in Kforce in the fourth quarter worth $207,000. Avantax Advisory Services Inc. bought a new position in shares of Kforce during the first quarter valued at about $208,000. Finally, Personal CFO Solutions LLC bought a new position in shares of Kforce during the third quarter valued at about $218,000. 92.77% of the stock is currently owned by hedge funds and other institutional investors.

Kforce Price Performance

Kforce stock opened at $61.69 on Thursday. Kforce has a 52 week low of $53.75 and a 52 week high of $74.79. The company’s 50 day moving average price is $62.91 and its two-hundred day moving average price is $66.49. The company has a quick ratio of 2.32, a current ratio of 2.32 and a debt-to-equity ratio of 0.25. The stock has a market cap of $1.20 billion, a P/E ratio of 21.35 and a beta of 0.88.

Kforce (NASDAQ:KFRC) last posted its quarterly earnings results on Monday, April 29th. The business services provider reported $0.58 EPS for the quarter, hitting analysts’ consensus estimates of $0.58. The company had revenue of $351.89 million for the quarter, compared to analysts’ expectations of $354.92 million. Kforce had a net margin of 3.78% and a return on equity of 36.39%. Kforce’s revenue was down 13.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.82 EPS. On average, equities analysts predict that Kforce will post 2.82 earnings per share for the current year.

Kforce Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 14th will be paid a $0.38 dividend. The ex-dividend date is Friday, June 14th. This represents a $1.52 dividend on an annualized basis and a yield of 2.46%. Kforce’s dividend payout ratio is 52.60%.

Kforce Company Profile

Kforce Inc provides professional staffing services and solutions in the United States. It operates through two segments, Technology, and Finance and Accounting (FA). The Technology segment provides talent solutions to its clients primarily in the areas of information technology, such as systems/applications architecture and development, data management and analytics, business and artificial intelligence, machine learning, project and program management, and network architecture and security.