Kforce Inc. (NASDAQ:KFRC) Receives $68.00 Average PT from Brokerages

Kforce Inc. (NASDAQ:KFRC) has received an average rating of “Hold” from the four analysts that are presently covering the stock, MarketBeat reports. Three equities research analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $68.00.

Separately, StockNews.com upgraded Kforce from a “hold” rating to a “buy” rating in a research report on Thursday, August 1st.

Institutional Investors Weigh In On Kforce

A number of large investors have recently made changes to their positions in the stock. Blue Trust Inc. lifted its position in Kforce by 59.9% during the second quarter. Blue Trust Inc. now owns 427 shares of the business services provider’s stock worth $27,000 after buying an additional 160 shares in the last quarter. Azzad Asset Management Inc. ADV raised its holdings in shares of Kforce by 1.6% during the 2nd quarter. Azzad Asset Management Inc. ADV now owns 12,997 shares of the business services provider’s stock worth $808,000 after acquiring an additional 205 shares during the period. ProShare Advisors LLC raised its holdings in shares of Kforce by 6.6% during the 1st quarter. ProShare Advisors LLC now owns 3,383 shares of the business services provider’s stock worth $239,000 after acquiring an additional 209 shares during the period. SummerHaven Investment Management LLC boosted its position in shares of Kforce by 2.1% during the 2nd quarter. SummerHaven Investment Management LLC now owns 12,107 shares of the business services provider’s stock valued at $752,000 after acquiring an additional 247 shares during the last quarter. Finally, Access Investment Management LLC increased its position in Kforce by 0.8% during the second quarter. Access Investment Management LLC now owns 36,275 shares of the business services provider’s stock worth $2,254,000 after purchasing an additional 300 shares during the last quarter. 92.77% of the stock is currently owned by hedge funds and other institutional investors.

Kforce Price Performance

Kforce stock opened at $62.44 on Friday. The stock has a market capitalization of $1.22 billion, a P/E ratio of 21.61 and a beta of 0.88. The company’s fifty day moving average price is $64.88 and its 200 day moving average price is $64.60. The company has a debt-to-equity ratio of 0.22, a quick ratio of 2.33 and a current ratio of 2.33. Kforce has a 1 year low of $55.55 and a 1 year high of $74.79.

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

Kforce Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 27th. Shareholders of record on Friday, September 13th will be paid a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a yield of 2.43%. The ex-dividend date of this dividend is Friday, September 13th. Kforce’s dividend payout ratio (DPR) is 52.60%.

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.