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. This segment serves clients in various industries comprising financial and business services, communications, insurance, retail, and technology industries. The FA businesses segment offers talent solutions to its clients in areas, including financial planning and analysis, business intelligence analysis, accounting, transactional accounting, business and cost analysis, and taxation and treasury. It also provides consultants in lower skilled areas comprising loan servicing and support, customer and call center support, data entry, and other administrative roles. This segment serves clients in various industries, including financial and business services, healthcare, and manufacturing sectors. Kforce Inc. was founded in 1962 and is headquartered in Tampa, Florida.
Kforce Stock Up 1.5 %
Shares of Kforce stock traded up $0.81 during midday trading on Friday, hitting $56.14. The company's stock had a trading volume of 128,030 shares, compared to its average volume of 118,044. The firm has a market capitalization of $1.19 billion, a P/E ratio of 13.46 and a beta of 1.05. The stock has a 50-day simple moving average of $61.63 and a 200-day simple moving average of $67.74. Kforce has a 1-year low of $54.67 and a 1-year high of $81.47.
Kforce (NASDAQ:KFRC - Get Rating) last posted its earnings results on Monday, August 1st. The business services provider reported $1.30 earnings per share for the quarter, beating the consensus estimate of $1.18 by $0.12. The company had revenue of $436.50 million for the quarter, compared to analyst estimates of $440.44 million. Kforce had a return on equity of 44.12% and a net margin of 5.21%. The business's revenue was up 8.1% compared to the same quarter last year. During the same period last year, the company earned $1.00 earnings per share. As a group, sell-side analysts predict that Kforce will post 4.16 earnings per share for the current year.
Kforce Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 30th. Stockholders of record on Friday, September 16th will be issued a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 2.14%. The ex-dividend date is Thursday, September 15th. Kforce's payout ratio is currently 28.78%.
Analyst Upgrades and Downgrades
Several equities analysts recently weighed in on the company. Robert W. Baird reduced their target price on Kforce from $80.00 to $70.00 and set an "outperform" rating on the stock in a research report on Friday, August 5th. StockNews.com downgraded Kforce from a "strong-buy" rating to a "buy" rating in a report on Wednesday, August 3rd. Finally, Truist Financial reduced their target price on Kforce from $80.00 to $65.00 in a report on Friday, July 15th.
Insider Transactions at Kforce
In other Kforce news, Director N John Simmons sold 3,500 shares of the company's stock in a transaction on Friday, May 20th. The stock was sold at an average price of $65.25, for a total transaction of $228,375.00. Following the transaction, the director now owns 14,421 shares of the company's stock, valued at approximately $940,970.25. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 5.50% of the stock is owned by company insiders.