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

Key Points

• Kforce Director David Dunkel sold 500 shares at an average price of $59.10, totaling $29,550. After the sale, he retained 503,329 shares, reducing his position by 0.10%.
• Kforce declared a quarterly dividend of $0.40 per share, payable December 18 to shareholders of record December 4; the annualized yield is 2.9%.
• Analysts’ consensus rating is “Hold”, with an average price target of $63. Shares traded at $55.89 on Thursday, down $2.40.

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 owned 503,329 shares in the company, valued at approximately $29,746,743.90. The trade was a 0.10% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

Kforce Stock Performance

NASDAQ KFRC traded down $2.40 on Thursday, hitting $55.89. 206,399 shares of the stock traded hands, compared to its average volume of 251,166. The company has a debt-to-equity ratio of 0.16, a quick ratio of 2.06 and a current ratio of 2.06. The business's fifty day moving average is $53.42 and its two-hundred day moving average is $44.25. 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 $1.00 billion, a price-to-earnings ratio of 20.85 and a beta of 0.87.

Kforce Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 18th. Stockholders of record on Friday, December 4th will be given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date of this dividend is Friday, December 4th. Kforce's dividend payout ratio is currently 66.95%.

Analyst Ratings Changes

• Kforce NASDAQ: KFRC Stock is a Workforce Recovery Play

Several research analysts have recently weighed in on the company. Truist Financial increased their price target on Kforce from $38.00 to $60.00 and gave the stock a "hold" rating in a research note on Wednesday, July 22nd. UBS Group boosted their price objective on Kforce from $59.00 to $63.00 and gave the company a "neutral" rating in a research note on Tuesday, October 27th. Finally, Robert W. Baird upped their price objective on shares of Kforce from $63.00 to $66.00 and gave the company an "outperform" rating in a report on Tuesday, October 27th. Two investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company's stock. According to MarketBeat.com, Kforce currently has an average rating of "Hold" and a consensus price target of $63.00.

Institutional Investors Weigh In On Kforce

Hedge funds and other institutional investors have recently bought and sold shares of the business. Sterling Capital Management LLC lifted its position in shares of Kforce by 849.2% during the third quarter. Sterling Capital Management LLC now owns 560 shares of the business services provider's stock worth $29,000 after acquiring an additional 501 shares in the last quarter. Heritage Family Offices LLP bought a new position in shares of Kforce in the third quarter worth $34,000. Allworth Financial LP bought a new position in shares of Kforce in the second quarter worth $33,000. Global Retirement Partners LLC bought a new position in shares of Kforce in the second quarter worth $34,000. Finally, Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of Kforce in the third quarter valued at $70,000. Institutional investors own 92.77% of the company's stock.

About Kforce

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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