Kforce (NASDAQ:KFRC) Upgraded to “Buy” by Sidoti

Sidoti upgraded shares of Kforce (NASDAQ:KFRC) from a neutral rating to a buy rating in a research note published on Tuesday morning, Marketbeat Ratings reports. Sidoti currently has $71.00 price objective on the business services provider’s stock.

Separately, StockNews.com upgraded Kforce from a hold rating to a buy rating in a research report on Thursday, August 1st. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of Moderate Buy and an average price target of $68.75.

Kforce Trading Up 2.3 %

Shares of KFRC opened at $57.51 on Tuesday. The company has a debt-to-equity ratio of 0.22, a current ratio of 2.33 and a quick ratio of 2.33. Kforce has a 1 year low of $55.15 and a 1 year high of $74.79. The company has a 50 day simple moving average of $62.13 and a two-hundred day simple moving average of $63.30. The firm has a market cap of $1.12 billion, a P/E ratio of 19.90 and a beta of 0.87.

Kforce (NASDAQ:KFRC) last posted its earnings results on Monday, July 29th. The business services provider reported $0.75 EPS for the quarter, beating analysts’ consensus estimates of $0.73 by $0.02. The firm had revenue of $356.32 million during the quarter, compared to the consensus estimate of $356.20 million. Kforce had a return on equity of 34.89% and a net margin of 3.56%. The company’s quarterly revenue was down 8.4% compared to the same quarter last year. During the same period in the prior year, the company earned $0.95 EPS. On average, equities analysts expect that Kforce will post 2.7 earnings per share for the current fiscal year.

Kforce Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Friday, September 13th were given a $0.38 dividend. The ex-dividend date of this dividend was Friday, September 13th. This represents a $1.52 dividend on an annualized basis and a yield of 2.64%. Kforce’s dividend payout ratio is presently 52.60%.

Institutional Trading of Kforce

Institutional investors have recently bought and sold shares of the stock. Kathleen S. Wright Associates Inc. bought a new stake in shares of Kforce during the third quarter worth $30,000. Annex Advisory Services LLC lifted its position in shares of Kforce by 35.6% during the third quarter. Annex Advisory Services LLC now owns 12,211 shares of the business services provider’s stock worth $750,000 after purchasing an additional 3,203 shares during the last quarter. Inspire Investing LLC lifted its position in shares of Kforce by 17.9% during the third quarter. Inspire Investing LLC now owns 6,673 shares of the business services provider’s stock worth $410,000 after purchasing an additional 1,014 shares during the last quarter. Azzad Asset Management Inc. ADV lifted its position in shares of Kforce by 1.5% during the third quarter. Azzad Asset Management Inc. ADV now owns 13,189 shares of the business services provider’s stock worth $810,000 after purchasing an additional 192 shares during the last quarter. Finally, Sanctuary Advisors LLC bought a new stake in shares of Kforce during the second quarter worth $211,000. 92.77% of the stock is currently owned by institutional investors.

About Kforce

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.