Kforce Inc. (KFRC) CFO Sells $536,550.00 in Stock

Kforce Inc. (NASDAQ:KFRC) CFO David M. Kelly sold 15,000 shares of the company’s stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of $35.77, for a total transaction of $536,550.00. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

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

  • On Friday, May 3rd, David M. Kelly sold 10,000 shares of Kforce stock. The stock was sold at an average price of $35.80, for a total transaction of $358,000.00.

KFRC traded down $1.21 during trading on Friday, reaching $34.75. 156,600 shares of the company’s stock were exchanged, compared to its average volume of 113,604. Kforce Inc. has a one year low of $27.95 and a one year high of $43.51. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.43 and a quick ratio of 2.43. The firm has a market capitalization of $917.68 million, a price-to-earnings ratio of 15.08 and a beta of 1.31.

Kforce (NASDAQ:KFRC) last posted its 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 return on equity of 35.26% and a net margin of 5.41%. The business had revenue of $326.70 million for the quarter, compared to the consensus estimate of $329.80 million. During the same period in the previous year, the firm earned $0.37 earnings per share. The company’s revenue was up 2.9% compared to the same quarter last year. As a group, equities research analysts predict that Kforce Inc. will post 2.4 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 21st. Stockholders of record on Friday, June 7th will be paid a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 2.07%. The ex-dividend date of this dividend is Thursday, June 6th. Kforce’s dividend payout ratio is currently 31.30%.

Large investors have recently bought and sold shares of the company. Quantamental Technologies LLC bought a new stake in shares of Kforce in the 4th quarter valued at $81,000. Meeder Asset Management Inc. raised its holdings in Kforce by 143.3% during the first quarter. Meeder Asset Management Inc. now owns 2,506 shares of the business services provider’s stock worth $88,000 after buying an additional 1,476 shares during the last quarter. PNC Financial Services Group Inc. raised its holdings in Kforce by 12.2% during the fourth quarter. PNC Financial Services Group Inc. now owns 3,654 shares of the business services provider’s stock worth $113,000 after buying an additional 396 shares during the last quarter. Legal & General Group Plc raised its holdings in Kforce by 19.6% during the fourth quarter. Legal & General Group Plc now owns 4,301 shares of the business services provider’s stock worth $133,000 after buying an additional 706 shares during the last quarter. Finally, Great West Life Assurance Co. Can raised its holdings in Kforce by 61.0% during the first quarter. Great West Life Assurance Co. Can now owns 4,461 shares of the business services provider’s stock worth $156,000 after buying an additional 1,690 shares during the last quarter. 82.75% of the stock is currently owned by institutional investors.

A number of equities analysts recently issued reports on KFRC shares. ValuEngine upgraded shares of Kforce from a “hold” rating to a “buy” rating in a research report on Thursday, February 7th. BidaskClub upgraded shares of Kforce from a “hold” rating to a “buy” rating in a research report on Friday, February 8th. Finally, Zacks Investment Research upgraded shares of Kforce from a “hold” rating to a “strong-buy” rating and set a $41.00 price objective for the company in a research report on Friday, February 8th. Five research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Kforce currently has an average rating of “Hold” and a consensus price target of $40.20.

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Kforce Company Profile

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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