Kforce Inc. (NASDAQ:KFRC) Given Average Rating of “Hold” by Brokerages

Shares of Kforce Inc. (NASDAQ:KFRC) have been assigned a consensus rating of “Hold” from the four brokerages that are covering the stock, Marketbeat reports. Three investment analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $68.33.

Several analysts have issued reports on the company. Robert W. Baird lifted their price target on Kforce from $62.00 to $72.00 and gave the company an “outperform” rating in a research note on Tuesday, February 6th. Truist Financial lifted their target price on Kforce from $57.00 to $70.00 and gave the company a “hold” rating in a research report on Thursday, January 25th. Finally, StockNews.com downgraded Kforce from a “buy” rating to a “hold” rating in a research report on Tuesday, February 6th.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the stock. Copeland Capital Management LLC raised its stake in shares of Kforce by 121.6% during the 3rd quarter. Copeland Capital Management LLC now owns 532,947 shares of the business services provider’s stock worth $31,796,000 after purchasing an additional 292,403 shares in the last quarter. Vaughan Nelson Investment Management L.P. raised its position in Kforce by 4.9% during the fourth quarter. Vaughan Nelson Investment Management L.P. now owns 639,688 shares of the business services provider’s stock worth $43,217,000 after acquiring an additional 29,840 shares in the last quarter. Kingswood Wealth Advisors LLC acquired a new stake in Kforce in the fourth quarter valued at $251,000. Stifel Financial Corp grew its position in shares of Kforce by 25.1% in the 3rd quarter. Stifel Financial Corp now owns 66,149 shares of the business services provider’s stock valued at $3,946,000 after acquiring an additional 13,276 shares during the period. Finally, Mariner LLC bought a new stake in shares of Kforce in the 3rd quarter valued at about $7,069,000. 92.77% of the stock is currently owned by institutional investors.

Kforce Price Performance

NASDAQ KFRC opened at $64.00 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. The stock has a market cap of $1.25 billion, a price-to-earnings ratio of 20.16 and a beta of 0.85. The business has a 50 day simple moving average of $68.37 and a 200 day simple moving average of $66.34. Kforce has a 52-week low of $50.89 and a 52-week high of $74.79.

Kforce (NASDAQ:KFRC) last released its quarterly earnings results on Monday, February 5th. The business services provider reported $0.82 earnings per share 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 during the quarter, compared to analysts’ expectations of $363.29 million. During the same quarter in the prior year, the company earned $0.93 earnings per share. The business’s quarterly revenue was down 13.4% compared to the same quarter last year. Analysts anticipate that Kforce will post 3.02 earnings per share for the current fiscal year.

Kforce Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Friday, March 15th were issued a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a yield of 2.38%. The ex-dividend date of this dividend was Thursday, March 14th. This is a positive change from Kforce’s previous quarterly dividend of $0.36. Kforce’s dividend payout ratio is presently 48.56%.

About Kforce

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.