Kforce (NASDAQ:KFRC) Reaches New 12-Month Low - Time to Sell?

Kforce Inc. (NASDAQ:KFRC - Get Free Report) shares reached a new 52-week low on Monday . The stock traded as low as $42.07 and last traded at $42.41, with a volume of 93479 shares traded. The stock had previously closed at $43.91.

Analysts Set New Price Targets

Several equities analysts recently issued reports on KFRC shares. StockNews.com downgraded shares of Kforce from a "buy" rating to a "hold" rating in a report on Friday. Truist Financial cut their target price on shares of Kforce from $58.00 to $50.00 and set a "hold" rating for the company in a research note on Tuesday, April 15th. Finally, UBS Group decreased their price target on Kforce from $47.00 to $40.00 and set a "neutral" rating on the stock in a research report on Wednesday.

Kforce Trading Up 1.0 %

The company's 50-day moving average is $46.84 and its 200-day moving average is $53.10. 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 firm has a market cap of $739.40 million, a price-to-earnings ratio of 14.44 and a beta of 0.76.

Kforce (NASDAQ:KFRC - Get Free Report) last announced its earnings results on Monday, April 28th. The business services provider reported $0.45 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.48 by ($0.03). The company had revenue of $330.03 million for the quarter, compared to analyst estimates of $334.61 million. Kforce had a return on equity of 30.34% and a net margin of 3.59%. Kforce's revenue for the quarter was down 6.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.58 earnings per share. On average, research analysts predict that Kforce Inc. will post 2.7 earnings per share for the current year.

Kforce Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 27th. Stockholders of record on Friday, June 13th will be paid a $0.39 dividend. The ex-dividend date is Friday, June 13th. This represents a $1.56 annualized dividend and a dividend yield of 4.03%. Kforce's dividend payout ratio (DPR) is currently 61.18%.

Hedge Funds Weigh In On Kforce

Several large investors have recently made changes to their positions in the company. Signaturefd LLC increased its position in Kforce by 1,069.1% in the first quarter. Signaturefd LLC now owns 795 shares of the business services provider's stock worth $39,000 after purchasing an additional 727 shares during the period. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Kforce during the 4th quarter worth approximately $42,000. Tower Research Capital LLC TRC raised its stake in shares of Kforce by 147.3% during the fourth quarter. Tower Research Capital LLC TRC now owns 1,118 shares of the business services provider's stock worth $63,000 after buying an additional 666 shares during the last quarter. Blue Trust Inc. raised its stake in shares of Kforce by 17.9% during the fourth quarter. Blue Trust Inc. now owns 1,810 shares of the business services provider's stock worth $111,000 after buying an additional 275 shares during the last quarter. Finally, PNC Financial Services Group Inc. lifted its holdings in Kforce by 23.5% in the fourth quarter. PNC Financial Services Group Inc. now owns 2,547 shares of the business services provider's stock valued at $144,000 after buying an additional 485 shares during the period. Institutional investors and hedge funds 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.