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

Key Points

• Kforce Inc. (NASDAQ:KFRC) has reached a new 52-week low of $33.11, showing a significant decline from its last close of $34.12.
• Recent earnings reports indicate that Kforce missed earnings expectations by $0.01, reporting $0.59 earnings per share for the quarter, and experienced a 6.2% decrease in year-over-year revenue.
• The company has announced a quarterly dividend of $0.39 per share, which will be paid on September 26, representing an annualized yield of 4.8%.

Kforce Inc. (NASDAQ:KFRC - Get Free Report) shares hit a new 52-week low during trading on Wednesday . The company traded as low as $33.16 and last traded at $33.11, with a volume of 16459 shares trading hands. The stock had previously closed at $34.12.

Wall Street Analyst Weigh In

Several research firms have weighed in on KFRC. UBS Group dropped their price objective on shares of Kforce from $45.00 to $40.00 and set a "neutral" rating on the stock in a research note on Wednesday, July 30th. Wall Street Zen cut shares of Kforce from a "buy" rating to a "hold" rating in a report on Friday, May 2nd. Finally, Truist Financial lowered their price target on shares of Kforce from $50.00 to $46.00 and set a "hold" rating on the stock in a report on Tuesday, July 29th.

Kforce Stock Performance

The firm's fifty day moving average price is $40.83 and its 200 day moving average price is $44.72. The company has a current ratio of 2.06, a quick ratio of 2.06 and a debt-to-equity ratio of 0.16. The firm has a market capitalization of $595.09 million, a PE ratio of 11.94 and a beta of 0.75.

Kforce (NASDAQ:KFRC - Get Free Report) last released its quarterly earnings results on Monday, July 28th. The business services provider reported $0.59 earnings per share for the quarter, missing analysts' consensus estimates of $0.60 by ($0.01). The business had revenue of $334.32 million for the quarter, compared to the consensus estimate of $333.78 million. Kforce had a net margin of 3.59% and a return on equity of 30.34%. The firm's revenue for the quarter was down 6.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.75 EPS. On average, research analysts anticipate that Kforce Inc. will post 2.7 earnings per share for the current year.

Kforce Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 26th. Investors of record on Friday, September 12th will be paid a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a dividend yield of 4.9%. The ex-dividend date of this dividend is Friday, September 12th. Kforce's dividend payout ratio (DPR) is presently 65.27%.

Institutional Investors Weigh In On Kforce

A number of large investors have recently added to or reduced their stakes in KFRC. Signaturefd LLC lifted its stake in shares of 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 buying an additional 727 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new position in Kforce in the 4th quarter valued at $42,000. Quarry LP acquired a new position in Kforce in the 1st quarter valued at $42,000. Meeder Asset Management Inc. grew its stake in Kforce by 336.1% in the 1st quarter. Meeder Asset Management Inc. now owns 955 shares of the business services provider's stock valued at $47,000 after buying an additional 736 shares during the last quarter. Finally, Parkside Financial Bank & Trust grew its stake in Kforce by 3,756.3% in the 2nd quarter. Parkside Financial Bank & Trust now owns 1,234 shares of the business services provider's stock valued at $51,000 after buying an additional 1,202 shares during the last quarter. Institutional investors own 92.77% of the company's stock.

About Kforce

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.