Insider Buying: Kforce Inc. (NASDAQ:KFRC) Director Acquires 1,000 Shares of Stock

Kforce Inc. (NASDAQ:KFRC) Director David L. Dunkel purchased 1,000 shares of the business’s stock in a transaction on Monday, May 5th. The shares were purchased at an average price of $37.80 per share, with a total value of $37,800.00. Following the completion of the purchase, the director now owns 517,329 shares in the company, valued at approximately $19,555,036.20. This trade represents a 0.19 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Kforce Price Performance

Shares of Kforce stock opened at $39.20 on Friday. The company has a quick ratio of 2.06, a current ratio of 2.06 and a debt-to-equity ratio of 0.16. Kforce Inc. has a 52 week low of $35.50 and a 52 week high of $71.48. The stock’s 50-day simple moving average is $45.72 and its 200-day simple moving average is $52.53. The company has a market capitalization of $730.30 million, a price-to-earnings ratio of 14.63 and a beta of 0.74.

Kforce (NASDAQ:KFRC) last posted its quarterly earnings results on Monday, April 28th. The business services provider reported $0.45 earnings per share for the quarter, missing the consensus estimate of $0.48 by ($0.03). The business had revenue of $330.03 million during the quarter, compared to the consensus estimate of $334.61 million. Kforce had a return on equity of 30.34% and a net margin of 3.59%. The company’s revenue for the quarter was down 6.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.58 earnings per share. As a group, analysts expect that Kforce Inc. will post 2.7 earnings per share for the current fiscal year.

Kforce Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, June 27th. Shareholders of record on Friday, June 13th will be paid a $0.39 dividend. This represents a $1.56 annualized dividend and a yield of 3.98%. The ex-dividend date of this dividend is Friday, June 13th. Kforce’s payout ratio is currently 61.18%.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. Barclays PLC grew its holdings in Kforce by 171.9% during the 3rd quarter. Barclays PLC now owns 42,166 shares of the business services provider’s stock valued at $2,591,000 after buying an additional 26,657 shares in the last quarter. Harbor Capital Advisors Inc. boosted its position in shares of Kforce by 10.6% during the 4th quarter. Harbor Capital Advisors Inc. now owns 9,307 shares of the business services provider’s stock valued at $528,000 after acquiring an additional 889 shares during the last quarter. Heritage Family Offices LLP bought a new stake in Kforce in the fourth quarter worth $258,000. Annex Advisory Services LLC raised its stake in Kforce by 59.2% during the fourth quarter. Annex Advisory Services LLC now owns 19,436 shares of the business services provider’s stock valued at $1,102,000 after purchasing an additional 7,225 shares in the last quarter. Finally, Janney Montgomery Scott LLC raised its stake in Kforce by 2.1% during the fourth quarter. Janney Montgomery Scott LLC now owns 34,523 shares of the business services provider’s stock valued at $1,957,000 after purchasing an additional 708 shares in the last quarter. Hedge funds and other institutional investors own 92.77% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have issued reports on KFRC. StockNews.com lowered Kforce from a “buy” rating to a “hold” rating in a report on Friday, May 2nd. Truist Financial reduced their target price on shares of Kforce from $58.00 to $50.00 and set a “hold” rating for the company in a report on Tuesday, April 15th. Finally, UBS Group lowered their price target on shares of Kforce from $47.00 to $40.00 and set a “neutral” rating on the stock in a report on Wednesday, April 30th.

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.