Kforce Inc. (NASDAQ:KFRC) Given Average Recommendation of “Hold” by Analysts

Shares of Kforce Inc. (NASDAQ:KFRC) have earned an average recommendation of “Hold” from the four ratings firms that are currently covering the stock, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $68.33.

KFRC has been the topic of a number of recent analyst reports. Robert W. Baird raised their price target on shares of Kforce from $62.00 to $72.00 and gave the stock an “outperform” rating in a report on Tuesday, February 6th. Truist Financial raised their price target on shares of Kforce from $57.00 to $70.00 and gave the stock a “hold” rating in a report on Thursday, January 25th. Finally, StockNews.com lowered shares of Kforce from a “buy” rating to a “hold” rating in a report on Tuesday, February 6th.

Kforce Price Performance

KFRC stock opened at $64.13 on Friday. The company has a debt-to-equity ratio of 0.26, a quick ratio of 2.37 and a current ratio of 2.37. Kforce has a 52 week low of $50.89 and a 52 week high of $74.79. The firm’s fifty day moving average is $68.19 and its 200 day moving average is $66.36. The firm has a market cap of $1.25 billion, a P/E ratio of 20.49 and a beta of 0.85.

Kforce (NASDAQ:KFRC) last released its earnings results on Monday, February 5th. The business services provider reported $0.82 EPS for the quarter, beating the consensus estimate of $0.79 by $0.03. Kforce had a net margin of 3.99% and a return on equity of 38.24%. The company had revenue of $363.45 million for the quarter, compared to analyst estimates of $363.29 million. During the same quarter last year, the firm earned $0.93 EPS. The firm’s quarterly revenue was down 13.4% compared to the same quarter last year. Research analysts predict that Kforce will post 3.02 earnings per share for the current year.

Kforce Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, March 15th were given a $0.38 dividend. This represents a $1.52 annualized dividend and a dividend yield of 2.37%. This is a boost from Kforce’s previous quarterly dividend of $0.36. The ex-dividend date was Thursday, March 14th. Kforce’s dividend payout ratio (DPR) is currently 48.56%.

Institutional Trading of Kforce

A number of institutional investors and hedge funds have recently bought and sold shares of KFRC. Ronald Blue Trust Inc. increased its stake in Kforce by 352.1% during the 3rd quarter. Ronald Blue Trust Inc. now owns 434 shares of the business services provider’s stock valued at $27,000 after purchasing an additional 338 shares in the last quarter. Exchange Traded Concepts LLC grew its stake in shares of Kforce by 7.0% in the third quarter. Exchange Traded Concepts LLC now owns 6,556 shares of the business services provider’s stock worth $391,000 after acquiring an additional 430 shares during the period. Harbor Capital Advisors Inc. grew its stake in shares of Kforce by 4.9% in the third quarter. Harbor Capital Advisors Inc. now owns 13,038 shares of the business services provider’s stock worth $778,000 after acquiring an additional 607 shares during the period. Copeland Capital Management LLC grew its stake in shares of Kforce by 121.6% in the third quarter. Copeland Capital Management LLC now owns 532,947 shares of the business services provider’s stock worth $31,796,000 after acquiring an additional 292,403 shares during the period. Finally, GW Henssler & Associates Ltd. bought a new stake in shares of Kforce in the third quarter worth approximately $213,000. 92.77% of the stock is currently owned by institutional investors.

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.