David M. Kelly Sells 10,000 Shares of Kforce Inc. (KFRC) Stock

Kforce Inc. (NASDAQ:KFRC) CFO David M. Kelly sold 10,000 shares of the company’s stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of $35.80, for a total transaction of $358,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

David M. Kelly also recently made the following trade(s):

  • On Monday, May 6th, David M. Kelly sold 15,000 shares of Kforce stock. The stock was sold at an average price of $35.77, for a total transaction of $536,550.00.

NASDAQ KFRC traded down $0.14 on Thursday, reaching $35.96. The company’s stock had a trading volume of 78,008 shares, compared to its average volume of 113,187. Kforce Inc. has a twelve month low of $27.95 and a twelve month high of $43.51. The company has a current ratio of 2.43, a quick ratio of 2.43 and a debt-to-equity ratio of 0.47. The company has a market capitalization of $928.86 million, a price-to-earnings ratio of 15.63 and a beta of 1.31.

Kforce (NASDAQ:KFRC) last issued its quarterly earnings results on Wednesday, May 1st. The business services provider reported $0.38 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.40 by ($0.02). Kforce had a net margin of 5.41% and a return on equity of 35.26%. The business had revenue of $326.70 million during the quarter, compared to analyst estimates of $329.80 million. During the same period in the previous year, the company posted $0.37 earnings per share. Kforce’s revenue was up 2.9% compared to the same quarter last year. As a group, research analysts predict that Kforce Inc. will post 2.4 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 21st. Shareholders of record on Friday, June 7th will be issued a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a yield of 2.00%. The ex-dividend date of this dividend is Thursday, June 6th. Kforce’s payout ratio is 31.30%.

A number of hedge funds have recently bought and sold shares of the business. Vanguard Group Inc lifted its stake in Kforce by 7.5% during the third quarter. Vanguard Group Inc now owns 2,262,431 shares of the business services provider’s stock valued at $85,067,000 after buying an additional 157,652 shares in the last quarter. Vanguard Group Inc. lifted its stake in Kforce by 7.5% during the third quarter. Vanguard Group Inc. now owns 2,262,431 shares of the business services provider’s stock valued at $85,067,000 after buying an additional 157,652 shares in the last quarter. Goldman Sachs Group Inc. lifted its stake in Kforce by 5.4% during the first quarter. Goldman Sachs Group Inc. now owns 681,624 shares of the business services provider’s stock valued at $23,939,000 after buying an additional 35,153 shares in the last quarter. LSV Asset Management lifted its stake in Kforce by 93.1% during the fourth quarter. LSV Asset Management now owns 640,139 shares of the business services provider’s stock valued at $19,793,000 after buying an additional 308,606 shares in the last quarter. Finally, Tributary Capital Management LLC lifted its stake in Kforce by 13.2% during the first quarter. Tributary Capital Management LLC now owns 528,362 shares of the business services provider’s stock valued at $18,556,000 after buying an additional 61,473 shares in the last quarter. 82.75% of the stock is owned by institutional investors.

KFRC has been the subject of several research analyst reports. ValuEngine downgraded shares of Kforce from a “buy” rating to a “hold” rating in a report on Monday, April 1st. BidaskClub downgraded shares of Kforce from a “buy” rating to a “hold” rating in a report on Wednesday, January 30th. Finally, Zacks Investment Research raised shares of Kforce from a “hold” rating to a “strong-buy” rating and set a $41.00 price target for the company in a report on Friday, February 8th. Five equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $40.20.

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About Kforce

Kforce Inc provides professional staffing services and solutions in the United States and internationally. It operates through Technology (Tech), Finance and Accounting (FA), and Government Solutions (GS) segments. The Tech segment provides temporary staffing and permanent placement services to its clients primarily in the areas of information technology, such as systems/applications architecture and development, project management, enterprise data management, business intelligence, artificial intelligence, machine learning, network architecture, and security.

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