Key Points
- Kforce Director David Dunkel sold 500 shares at an average price of $59.10, totaling $29,550. He retained 503,329 shares after the sale.
- Kforce declared a quarterly dividend of $0.40 per share, equivalent to $1.60 annually and a 2.9% yield; payment is scheduled for December 18 to shareholders of record December 4.
- Analysts have a consensus “Hold” rating and an average price target of $63.00, with recent targets ranging from $60 to $66.
Kforce Inc. (NASDAQ:KFRC - Get Free Report) Director David Dunkel sold 500 shares of the company's stock in a transaction that occurred on Wednesday, November 4th. The shares were sold at an average price of $59.10, for a total value of $29,550.00. Following the completion of the transaction, the director directly owned 503,329 shares of the company's stock, valued at $29,746,743.90. This trade represents a 0.10% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Kforce Stock Performance
Shares of Kforce stock opened at $55.89 on Friday. The company has a quick ratio of 2.06, a current ratio of 2.06 and a debt-to-equity ratio of 0.16. Kforce Inc. has a 52 week low of $25.07 and a 52 week high of $61.75. The firm's 50 day moving average is $53.41 and its two-hundred day moving average is $44.36. The firm has a market capitalization of $1.00 billion, a P/E ratio of 20.85 and a beta of 0.87.
Kforce Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Friday, December 18th. Investors of record on Friday, December 4th will be given a $0.40 dividend. The ex-dividend date of this dividend is Friday, December 4th. This represents a $1.60 dividend on an annualized basis and a yield of 2.9%. Kforce's payout ratio is 66.95%.
Wall Street Analysts Forecast Growth
Several research firms have recently weighed in on KFRC. UBS Group boosted their target price on Kforce from $59.00 to $63.00 and gave the company a "neutral" rating in a report on Tuesday, October 27th. Robert W. Baird raised their price objective on shares of Kforce from $63.00 to $66.00 and gave the stock an "outperform" rating in a research report on Tuesday, October 27th. Finally, Truist Financial lifted their price objective on shares of Kforce from $38.00 to $60.00 and gave the company a "hold" rating in a research note on Wednesday, July 22nd. 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, the company has an average rating of "Hold" and a consensus price target of $63.00.
Get Our Latest Analysis on Kforce
Institutional Trading of Kforce
Several hedge funds have recently modified their holdings of the business. Sterling Capital Management LLC boosted its position in shares of Kforce by 849.2% during the 3rd quarter. Sterling Capital Management LLC now owns 560 shares of the business services provider's stock worth $29,000 after purchasing an additional 501 shares in the last quarter. Heritage Family Offices LLP purchased a new position in shares of Kforce in the third quarter valued at $34,000. Allworth Financial LP purchased a new position in shares of Kforce in the second quarter valued at $33,000. Global Retirement Partners LLC acquired a new position in shares of Kforce during the 2nd quarter worth $34,000. Finally, Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of Kforce during the 3rd quarter worth $70,000. 92.77% of the stock is owned by institutional investors and hedge funds.
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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