Kforce (NASDAQ:KFRC) Director Sells $29,550.00 in Stock

by · The Cerbat Gem

Kforce Inc. (NASDAQ:KFRC – Get Free Report) Director David Dunkel sold 500 shares of Kforce stock in a transaction on Wednesday, November 4th. The stock was sold at an average price of $59.10, for a total transaction of $29,550.00. Following the transaction, the director directly owned 503,329 shares in the company, valued at approximately $29,746,743.90. This represents a 0.10% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Kforce Price Performance

Shares of KFRC stock opened at $54.17 on Friday. Kforce Inc. has a 12-month low of $25.07 and a 12-month high of $61.75. The firm has a market capitalization of $970.06 million, a price-to-earnings ratio of 20.21 and a beta of 0.87. The company has a quick ratio of 2.06, a current ratio of 2.06 and a debt-to-equity ratio of 0.16. The firm has a fifty day moving average of $53.33 and a 200-day moving average of $44.47.

Kforce Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 18th. Shareholders of record on Friday, December 4th will be issued a dividend of $0.40 per share. The ex-dividend date is Friday, December 4th. This represents a $1.60 annualized dividend and a yield of 3.0%. Kforce’s payout ratio is currently 66.95%.

Institutional Investors Weigh In On Kforce

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. BlackRock Inc. bought a new stake in Kforce in the second quarter valued at approximately $73,001,000. Copeland Capital Management LLC increased its position in Kforce by 51.5% during the 1st quarter. Copeland Capital Management LLC now owns 666,331 shares of the business services provider’s stock valued at $19,484,000 after purchasing an additional 226,520 shares during the period. Bank of New York Mellon Corp acquired a new stake in Kforce during the 2nd quarter valued at approximately $10,359,000. Sei Investments Co. raised its holdings in Kforce by 66.7% during the 1st quarter. Sei Investments Co. now owns 246,709 shares of the business services provider’s stock worth $7,214,000 after purchasing an additional 98,736 shares during the last quarter. Finally, Deutsche Bank AG bought a new position in Kforce during the 2nd quarter worth approximately $4,381,000. 92.77% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

KFRC has been the subject of a number of research analyst reports. Truist Financial boosted their target price on Kforce from $38.00 to $60.00 and gave the company a “hold” rating in a research note on Wednesday, July 22nd. Robert W. Baird lifted their price objective on Kforce from $63.00 to $66.00 and gave the company an “outperform” rating in a report on Tuesday, October 27th. Finally, UBS Group boosted their price objective on Kforce from $59.00 to $63.00 and gave the company a “neutral” rating in a research report on Tuesday, October 27th. Two analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Kforce presently has an average rating of “Hold” and a consensus price target of $63.00.

View Our Latest Research Report on KFRC

About Kforce

(Get Free Report)

Kforce Inc is a professional staffing and business solutions firm that connects organizations with skilled workers and provides services designed to support workforce and project needs. The company primarily operates through its Technology and Finance & Accounting segments.

Kforce Technology provides staffing, consulting, and project-based solutions for areas such as application development, data management, cloud computing, cybersecurity, and other information technology functions.

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