Kforce (KFRC) Projected to Post Quarterly Earnings on Monday

by · The Cerbat Gem

Kforce (NASDAQ:KFRC – Get Free Report) is projected to announce its results after the market closes on Monday, November 3rd. Analysts expect the company to announce earnings of $0.57 per share and revenue of $328.3370 million for the quarter.

Kforce Price Performance

Shares of KFRC opened at $25.31 on Friday. The firm has a fifty day moving average price of $29.64 and a 200 day moving average price of $36.39. The stock has a market cap of $470.74 million, a PE ratio of 9.44 and a beta of 0.66. Kforce has a 1-year low of $24.62 and a 1-year high of $62.80. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.06 and a quick ratio of 2.06.

Hedge Funds Weigh In On Kforce

Large investors have recently bought and sold shares of the company. Tower Research Capital LLC TRC increased its stake in shares of Kforce by 273.0% during the second quarter. Tower Research Capital LLC TRC now owns 1,865 shares of the business services provider’s stock worth $77,000 after acquiring an additional 1,365 shares during the period. Quantbot Technologies LP increased its position in Kforce by 4,933.3% during the 2nd quarter. Quantbot Technologies LP now owns 4,228 shares of the business services provider’s stock worth $174,000 after purchasing an additional 4,144 shares during the period. Occudo Quantitative Strategies LP raised its stake in shares of Kforce by 15.9% during the 2nd quarter. Occudo Quantitative Strategies LP now owns 9,665 shares of the business services provider’s stock worth $398,000 after buying an additional 1,328 shares in the last quarter. Quantinno Capital Management LP lifted its holdings in shares of Kforce by 23.2% in the 2nd quarter. Quantinno Capital Management LP now owns 10,815 shares of the business services provider’s stock valued at $445,000 after buying an additional 2,036 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of Kforce by 4.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 10,841 shares of the business services provider’s stock valued at $530,000 after buying an additional 474 shares during the period. Hedge funds and other institutional investors own 92.77% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on KFRC. Zacks Research cut Kforce from a “hold” rating to a “strong sell” rating in a research report on Tuesday, October 28th. UBS Group cut their price target on Kforce from $45.00 to $40.00 and set a “neutral” rating on the stock in a research report on Wednesday, July 30th. Finally, Truist Financial decreased their price objective on Kforce from $46.00 to $35.00 and set a “hold” rating for the company in a report on Monday, October 13th. Two analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Reduce” and an average price target of $37.50.

Check Out Our Latest Research Report on Kforce

About Kforce

(Get Free Report)

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.

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