Kforce Inc. (NASDAQ:KFRC) receives an average recommendation of “Hold” from analysts

Shares of Kforce Inc. (NASDAQ:KFRC – Get Free Report) have received an average recommendation of “Hold” from the four research firms currently covering the stock, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. The average 12-month price target among brokers who have updated their coverage of the stock in the past year is $68.33.

A number of research analysts have recently weighed in on KFRC stock. Truist Financial lifted their price target on Kforce from $57.00 to $70.00 and gave the company a “hold” rating in a report on Thursday, January 25. StockNews.com downgraded Kforce from a “buy” rating to a “hold” rating in a report on Tuesday, February 6. Finally, Robert W. Baird raised 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 6.

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Institutional inflow and outflow

A number of institutional investors and hedge funds have recently bought and sold shares of KFRC. Ronald Blue Trust Inc. increased its position in Kforce shares by 352.1% in the third quarter. Ronald Blue Trust Inc. now owns 434 shares of the business services provider worth $27,000, after purchasing an additional 338 shares in the last quarter. SRS Capital Advisors Inc. increased its position in Kforce shares by 420.9% in the fourth quarter. SRS Capital Advisors Inc. now owns 448 shares of the business services provider worth $30,000, after purchasing an additional 362 shares in the last quarter. Coppell Advisory Solutions Corp. acquired a new stake in Kforce stock worth approximately $56,000 in the fourth quarter. Point72 Middle East FZE acquired a new stake in shares of Kforce in the fourth quarter worth approximately $59,000. Finally, Tower Research Capital LLC TRC increased its position in shares of Kforce by 125.2% in the third quarter. Tower Research Capital LLC TRC now owns 1,083 shares of the business services provider’s stock worth $65,000 after purchasing an additional 602 shares in the last quarter. Hedge funds and other institutional investors own 92.77% of the company’s shares.

Kforce stock performance

KFRC shares opened at $63.56 on Friday. Kforce has a one-year low of $50.89 and a one-year high of $74.79. The company has a current ratio of 2.37, a quick ratio of 2.37 and a debt-to-equity ratio of 0.26. The company has a market cap of $1.24 billion, a price-to-earnings ratio of 20.31 and a beta of 0.85. The stock’s fifty-day simple moving average is $68.55 and its 200-day simple moving average is $66.24.

Kforce (NASDAQ:KFRC – Get Free Report) posted its latest quarterly results on Monday, February 5. The business services provider reported $0.82 earnings per share for the quarter, beating analysts’ consensus estimates of $0.79 by $0.03. Kforce had a return on equity of 38.24% and a net margin of 3.99%. The company had revenue of $363.45 million for the quarter, compared to the consensus estimate of $363.29 million. In the same quarter of the previous year, the company posted earnings per share of $0.93. Kforce’s revenue for the quarter fell 13.4% compared to the same quarter last year. On average, sell-side analysts predict that Kforce will post earnings per share of 3.02 for the current financial year.

Kforce increases dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 29. A dividend of $0.38 was paid to known shareholders on Friday, March 15. The ex-dividend date of this dividend was Thursday, March 14. This represents a dividend of $1.52 annually and a yield of 2.39%. This is an increase from Kforce’s previous quarterly dividend of $0.36. Kforce’s payout ratio is 48.56%.

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 customers, primarily in the areas of information technology, such as systems/application 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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