Kforce (NASDAQ:KFRC) Sees Unusually-High Trading Volume

Kforce Inc. (NASDAQ:KFRCGet Rating) shares saw unusually-high trading volume on Wednesday . Approximately 4,248 shares changed hands during trading, a decline of 96% from the previous session’s volume of 97,057 shares.The stock last traded at $56.35 and had previously closed at $54.89.

Analyst Ratings Changes

KFRC has been the subject of several recent analyst reports. StockNews.com upgraded shares of Kforce from a “buy” rating to a “strong-buy” rating in a research report on Thursday, September 1st. Robert W. Baird decreased their price objective on shares of Kforce from $80.00 to $70.00 and set an “outperform” rating for the company in a research report on Friday, August 5th. Finally, Truist Financial decreased their price objective on shares of Kforce from $80.00 to $65.00 in a research report on Friday, July 15th.

Kforce Price Performance

The firm has a market capitalization of $1.25 billion, a price-to-earnings ratio of 14.15 and a beta of 1.10. The business’s fifty day simple moving average is $59.64 and its 200 day simple moving average is $65.98.

Kforce (NASDAQ:KFRCGet Rating) last posted its quarterly earnings results on Monday, August 1st. The business services provider reported $1.30 EPS for the quarter, topping analysts’ consensus estimates of $1.18 by $0.12. The business had revenue of $436.50 million during the quarter, compared to analysts’ expectations of $440.44 million. Kforce had a net margin of 5.21% and a return on equity of 44.12%. The business’s quarterly revenue was up 8.1% on a year-over-year basis. During the same period last year, the company posted $1.00 earnings per share. Equities research analysts expect that Kforce Inc. will post 4.16 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, September 30th. Shareholders of record on Friday, September 16th will be issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 2.03%. The ex-dividend date is Thursday, September 15th. Kforce’s payout ratio is 28.78%.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in KFRC. First Horizon Advisors Inc. acquired a new position in shares of Kforce during the second quarter valued at about $45,000. Quantbot Technologies LP grew its holdings in shares of Kforce by 83.3% during the second quarter. Quantbot Technologies LP now owns 1,100 shares of the business services provider’s stock valued at $67,000 after buying an additional 500 shares during the last quarter. UMB Bank N A MO acquired a new position in shares of Kforce during the fourth quarter valued at about $69,000. EMC Capital Management grew its holdings in shares of Kforce by 50.9% during the second quarter. EMC Capital Management now owns 1,676 shares of the business services provider’s stock valued at $103,000 after buying an additional 565 shares during the last quarter. Finally, Gladius Capital Management LP grew its holdings in shares of Kforce by 26.1% during the second quarter. Gladius Capital Management LP now owns 1,989 shares of the business services provider’s stock valued at $123,000 after buying an additional 412 shares during the last quarter. 94.26% of the stock is currently owned by institutional investors and hedge funds.

About Kforce

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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.

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