Kforce (NASDAQ:KFRC) Reaches New 52-Week 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%.

Shares of Kforce Inc. (NASDAQ:KFRC - Get Free Report) hit a new 52-week low 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

A number of equities research analysts recently weighed in on the stock. UBS Group cut 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. Truist Financial lowered their price target on Kforce from $50.00 to $46.00 and set a "hold" rating on the stock in a research report on Tuesday, July 29th. Finally, Wall Street Zen lowered Kforce from a "buy" rating to a "hold" rating in a research note on Friday, May 2nd.

Kforce Trading Down 4.5%

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 capitalization of $605.77 million, a PE ratio of 12.15 and a beta of 0.75. The company's 50-day moving average price is $41.35 and its 200-day moving average price is $45.30.

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

Kforce Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, September 26th. Investors of record on Friday, September 12th will be given a dividend of $0.39 per share. The ex-dividend date is Friday, September 12th. This represents a $1.56 annualized dividend and a yield of 4.8%. Kforce's dividend payout ratio is 65.27%.

Institutional Investors Weigh In On Kforce

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Signaturefd LLC grew its position in Kforce by 1,069.1% during the first quarter. Signaturefd LLC now owns 795 shares of the business services provider's stock valued at $39,000 after acquiring an additional 727 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of Kforce during the 4th quarter worth approximately $42,000. Quarry LP bought a new position in Kforce in the 1st quarter valued at $42,000. Meeder Asset Management Inc. lifted its holdings in shares of Kforce by 336.1% in the 1st quarter. Meeder Asset Management Inc. now owns 955 shares of the business services provider's stock worth $47,000 after buying an additional 736 shares during the period. Finally, Tower Research Capital LLC TRC increased its holdings in shares of Kforce by 147.3% in the fourth quarter. Tower Research Capital LLC TRC now owns 1,118 shares of the business services provider's stock valued at $63,000 after purchasing an additional 666 shares during the period. Institutional investors and hedge funds 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.

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