Kforce (NASDAQ:KFRC) Given New $71.00 Price Target at Robert W. Baird

Kforce (NASDAQ:KFRC) had its price objective decreased by equities researchers at Robert W. Baird from $72.00 to $71.00 in a research note issued to investors on Tuesday, Benzinga reports. The brokerage presently has an “outperform” rating on the business services provider’s stock. Robert W. Baird’s price target indicates a potential upside of 14.85% from the stock’s current price.

Several other research analysts also recently weighed in on KFRC. Truist Financial lifted their target price on shares of Kforce from $57.00 to $70.00 and gave the stock a “hold” rating in a research report on Thursday, January 25th. StockNews.com downgraded shares of Kforce from a “buy” rating to a “hold” rating in a research note on Tuesday, February 6th. Four research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, Kforce currently has a consensus rating of “Hold” and a consensus target price of $68.00.

Kforce Trading Down 3.8 %

Shares of KFRC stock traded down $2.41 during mid-day trading on Tuesday, reaching $61.82. The company’s stock had a trading volume of 81,927 shares, compared to its average volume of 106,068. The company’s 50 day simple moving average is $68.11 and its 200-day simple moving average is $66.48. The firm has a market capitalization of $1.21 billion, a PE ratio of 19.78 and a beta of 0.85. The company has a quick ratio of 2.37, a current ratio of 2.37 and a debt-to-equity ratio of 0.26. Kforce has a 12-month low of $50.89 and a 12-month high of $74.79.

Kforce (NASDAQ:KFRC) last issued its earnings results on Monday, April 29th. The business services provider reported $0.58 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.58. The company had revenue of $351.89 million for the quarter, compared to analysts’ expectations of $354.92 million. Kforce had a net margin of 3.99% and a return on equity of 38.24%. The firm’s revenue was down 13.3% compared to the same quarter last year. During the same period in the prior year, the company earned $0.82 earnings per share. On average, research analysts predict that Kforce will post 3.02 EPS for the current fiscal year.

Hedge Funds Weigh In On Kforce

A number of institutional investors and hedge funds have recently added to or reduced their stakes in KFRC. SRS Capital Advisors Inc. grew its holdings in shares of Kforce by 420.9% during the fourth quarter. SRS Capital Advisors Inc. now owns 448 shares of the business services provider’s stock worth $30,000 after buying an additional 362 shares in the last quarter. Benjamin F. Edwards & Company Inc. lifted its position in Kforce by 487.7% during the 1st quarter. Benjamin F. Edwards & Company Inc. now owns 670 shares of the business services provider’s stock worth $47,000 after buying an additional 556 shares in the last quarter. First Horizon Advisors Inc. boosted its position in Kforce by 22.8% during the third quarter. First Horizon Advisors Inc. now owns 1,207 shares of the business services provider’s stock valued at $72,000 after purchasing an additional 224 shares during the last quarter. Virtu Financial LLC acquired a new position in shares of Kforce during the 4th quarter worth approximately $207,000. Finally, GW Henssler & Associates Ltd. bought a new stake in shares of Kforce during the 3rd quarter worth approximately $213,000. 92.77% of the stock is owned by institutional investors and hedge funds.

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.