Kforce Inc. (NASDAQ:KFRC) Receives $68.33 Consensus Price Target from Brokerages

Kforce Inc. (NASDAQ:KFRC) has received a consensus rating of “Hold” from the four ratings firms that are covering the company, MarketBeat.com reports. Three analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $68.33.

Several analysts recently weighed in on KFRC shares. Truist Financial raised their price objective on Kforce from $57.00 to $70.00 and gave the company a “hold” rating in a research note on Thursday, January 25th. Robert W. Baird raised their price target on shares of Kforce from $62.00 to $72.00 and gave the company an “outperform” rating in a research note on Tuesday, February 6th. Finally, StockNews.com lowered shares of Kforce from a “buy” rating to a “hold” rating in a report on Tuesday, February 6th.

Kforce Price Performance

Shares of NASDAQ:KFRC opened at $64.19 on Friday. The firm has a 50 day moving average of $68.46 and a 200-day moving average of $66.33. Kforce has a 12 month low of $50.89 and a 12 month 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 stock has a market capitalization of $1.25 billion, a PE ratio of 20.51 and a beta of 0.85.

Kforce (NASDAQ:KFRC) last announced its quarterly earnings data on Monday, February 5th. The business services provider reported $0.82 EPS for the quarter, beating the consensus estimate of $0.79 by $0.03. The business had revenue of $363.45 million during the quarter, compared to the consensus estimate of $363.29 million. Kforce had a net margin of 3.99% and a return on equity of 38.24%. The company’s revenue was down 13.4% on a year-over-year basis. During the same period in the previous year, the business earned $0.93 earnings per share. On average, equities research analysts predict that Kforce will post 3.02 EPS for the current fiscal year.

Kforce Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, March 15th were issued a dividend of $0.38 per share. This is a boost from Kforce’s previous quarterly dividend of $0.36. This represents a $1.52 annualized dividend and a dividend yield of 2.37%. The ex-dividend date of this dividend was Thursday, March 14th. Kforce’s payout ratio is 48.56%.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Allspring Global Investments Holdings LLC grew its holdings in Kforce by 357.3% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 9,932 shares of the business services provider’s stock worth $700,000 after acquiring an additional 7,760 shares during the last quarter. Vaughan Nelson Investment Management L.P. lifted its holdings in shares of Kforce by 14.6% during the first quarter. Vaughan Nelson Investment Management L.P. now owns 732,868 shares of the business services provider’s stock worth $51,682,000 after purchasing an additional 93,180 shares during the period. Annex Advisory Services LLC grew its stake in shares of Kforce by 7.9% in the first quarter. Annex Advisory Services LLC now owns 7,846 shares of the business services provider’s stock worth $553,000 after purchasing an additional 572 shares during the last quarter. Wellington Management Group LLP increased its holdings in Kforce by 151.5% in the fourth quarter. Wellington Management Group LLP now owns 62,280 shares of the business services provider’s stock valued at $4,208,000 after purchasing an additional 37,512 shares during the period. Finally, Virtu Financial LLC bought a new position in Kforce during the 4th quarter worth $207,000. Institutional investors own 92.77% of the company’s stock.

Kforce Company Profile

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.