Kforce Inc. (NASDAQ:KFRC) Director Ralph Struzziero sold 3,000 shares of the business’s stock in a transaction on Monday, September 17th. The shares were sold at an average price of $39.55, for a total transaction of $118,650.00. Following the sale, the director now directly owns 41,535 shares of the company’s stock, valued at $1,642,709.25. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.
Ralph Struzziero also recently made the following trade(s):
- On Tuesday, October 2nd, Ralph Struzziero sold 2,964 shares of Kforce stock. The stock was sold at an average price of $36.55, for a total transaction of $108,334.20.
- On Wednesday, September 19th, Ralph Struzziero sold 9,000 shares of Kforce stock. The stock was sold at an average price of $38.55, for a total transaction of $346,950.00.
- On Tuesday, August 7th, Ralph Struzziero sold 1,500 shares of Kforce stock. The stock was sold at an average price of $42.95, for a total transaction of $64,425.00.
Shares of Kforce stock traded down $0.32 during trading on Friday, reaching $33.74. The company had a trading volume of 194,540 shares, compared to its average volume of 195,017. The firm has a market cap of $982.31 million, a PE ratio of 21.49 and a beta of 1.65. The company has a debt-to-equity ratio of 0.68, a quick ratio of 2.77 and a current ratio of 2.77. Kforce Inc. has a fifty-two week low of $19.10 and a fifty-two week high of $43.51.
Kforce (NASDAQ:KFRC) last released its quarterly earnings data on Wednesday, August 1st. The business services provider reported $0.65 earnings per share for the quarter, topping the consensus estimate of $0.64 by $0.01. The firm had revenue of $358.62 million for the quarter, compared to analyst estimates of $358.07 million. Kforce had a net margin of 3.00% and a return on equity of 34.52%. Kforce’s quarterly revenue was up 5.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.44 earnings per share. On average, equities analysts predict that Kforce Inc. will post 2.25 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 21st. Investors of record on Friday, September 7th were paid a dividend of $0.18 per share. This is a positive change from Kforce’s previous quarterly dividend of $0.12. The ex-dividend date of this dividend was Thursday, September 6th. This represents a $0.72 annualized dividend and a yield of 2.13%. Kforce’s dividend payout ratio is 45.86%.
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. American Century Companies Inc. acquired a new stake in Kforce during the second quarter worth about $4,098,000. JPMorgan Chase & Co. raised its stake in Kforce by 11.7% during the first quarter. JPMorgan Chase & Co. now owns 113,762 shares of the business services provider’s stock worth $3,077,000 after acquiring an additional 11,955 shares during the period. Bessemer Group Inc. raised its stake in Kforce by 253.0% during the second quarter. Bessemer Group Inc. now owns 22,200 shares of the business services provider’s stock worth $761,000 after acquiring an additional 15,911 shares during the period. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in Kforce during the second quarter worth about $580,000. Finally, BlackRock Inc. increased its stake in shares of Kforce by 29.4% in the second quarter. BlackRock Inc. now owns 2,070,717 shares of the business services provider’s stock valued at $71,027,000 after purchasing an additional 471,012 shares during the period. Hedge funds and other institutional investors own 79.69% of the company’s stock.
KFRC has been the subject of a number of research reports. SunTrust Banks upped their price target on shares of Kforce to $44.00 and gave the stock a “hold” rating in a research report on Thursday, August 2nd. Zacks Investment Research raised shares of Kforce from a “hold” rating to a “buy” rating and set a $47.00 price target for the company in a research report on Saturday, August 4th. BidaskClub cut shares of Kforce from a “hold” rating to a “sell” rating in a research report on Thursday, October 4th. Credit Suisse Group began coverage on shares of Kforce in a research report on Friday, August 10th. They issued a “neutral” rating and a $38.00 price objective for the company. Finally, Robert W. Baird reissued a “buy” rating and issued a $45.00 price objective on shares of Kforce in a research report on Thursday, August 2nd. One analyst has rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the stock. Kforce presently has an average rating of “Hold” and an average target price of $41.40.
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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