Kforce Inc. (NASDAQ:KFRC) Receives $68.00 Consensus Target Price from Analysts

Shares of Kforce Inc. (NASDAQ:KFRCGet Free Report) have received an average rating of “Hold” from the four ratings firms that are currently covering the company, Marketbeat Ratings reports. Three analysts have rated the stock with a hold rating and one has given a buy rating to the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $68.00.

A number of research firms recently issued reports on KFRC. StockNews.com lowered shares of Kforce from a “buy” rating to a “hold” rating in a research note on Tuesday, February 6th. Robert W. Baird lowered their price target on Kforce from $72.00 to $71.00 and set an “outperform” rating on the stock in a research report on Tuesday, April 30th. Finally, Truist Financial boosted their price objective on Kforce from $57.00 to $70.00 and gave the stock a “hold” rating in a research report on Thursday, January 25th.

Check Out Our Latest Report on Kforce

Kforce Price Performance

Shares of NASDAQ:KFRC opened at $61.96 on Thursday. The company has a debt-to-equity ratio of 0.25, a current ratio of 2.32 and a quick ratio of 2.32. The stock has a market capitalization of $1.21 billion, a P/E ratio of 21.44 and a beta of 0.88. The business has a 50-day moving average of $65.94 and a two-hundred day moving average of $67.05. Kforce has a fifty-two week low of $53.75 and a fifty-two week high of $74.79.

Kforce (NASDAQ:KFRCGet Free Report) last announced its earnings results on Monday, April 29th. The business services provider reported $0.58 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.58. Kforce had a return on equity of 36.39% and a net margin of 3.78%. The firm had revenue of $351.89 million during the quarter, compared to analysts’ expectations of $354.92 million. During the same quarter in the prior year, the business earned $0.82 earnings per share. The company’s revenue was down 13.3% on a year-over-year basis. On average, equities research analysts predict that Kforce will post 2.82 EPS for the current fiscal year.

Kforce Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 14th will be issued a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a yield of 2.45%. The ex-dividend date of this dividend is Friday, June 14th. Kforce’s dividend payout ratio (DPR) is presently 52.60%.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. SRS Capital Advisors Inc. grew its position in Kforce by 420.9% during the fourth quarter. SRS Capital Advisors Inc. now owns 448 shares of the business services provider’s stock worth $30,000 after buying an additional 362 shares in the last quarter. Benjamin F. Edwards & Company Inc. raised its holdings in Kforce by 487.7% in the 1st quarter. Benjamin F. Edwards & Company Inc. now owns 670 shares of the business services provider’s stock valued at $47,000 after acquiring an additional 556 shares in the last quarter. Avantax Advisory Services Inc. bought a new stake in shares of Kforce in the 1st quarter worth approximately $208,000. Virtu Financial LLC acquired a new stake in shares of Kforce during the 4th quarter worth approximately $207,000. Finally, ProShare Advisors LLC grew its holdings in shares of Kforce by 6.6% during the 1st quarter. ProShare Advisors LLC now owns 3,383 shares of the business services provider’s stock worth $239,000 after purchasing an additional 209 shares in the last quarter. Institutional investors and hedge funds own 92.77% of the company’s stock.

Kforce Company Profile

(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.

Further Reading

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