Truist Financial Cuts Kforce (NASDAQ:KFRC) Price Target to $50.00

Kforce (NASDAQ:KFRC - Get Free Report) had its price target reduced by research analysts at Truist Financial from $58.00 to $50.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The brokerage currently has a "hold" rating on the business services provider's stock. Truist Financial's target price indicates a potential upside of 13.24% from the stock's current price.

Kforce Trading Down 1.3 %

Kforce stock traded down $0.58 during trading hours on Tuesday, reaching $44.15. The company had a trading volume of 138,450 shares, compared to its average volume of 120,383. The firm has a market cap of $843.81 million, a price-to-earnings ratio of 16.48 and a beta of 0.76. Kforce has a 12-month low of $42.11 and a 12-month high of $71.48. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.06 and a quick ratio of 2.06. The company has a 50-day moving average price of $48.59 and a 200 day moving average price of $54.28.

Institutional Trading of Kforce

A number of hedge funds have recently made changes to their positions in KFRC. Marshall Wace LLP purchased a new stake in Kforce during the 4th quarter valued at $6,683,000. Tributary Capital Management LLC raised its stake in Kforce by 38.3% during the 4th quarter. Tributary Capital Management LLC now owns 422,930 shares of the business services provider's stock valued at $23,980,000 after purchasing an additional 117,231 shares during the period. Raymond James Financial Inc. bought a new position in shares of Kforce during the 4th quarter valued at about $5,146,000. Proficio Capital Partners LLC bought a new position in shares of Kforce during the 4th quarter valued at approximately $4,951,000. Finally, Wellington Management Group LLP raised its position in shares of Kforce by 36.3% during the 4th quarter. Wellington Management Group LLP now owns 297,111 shares of the business services provider's stock valued at $16,846,000 after buying an additional 79,100 shares in the last quarter. 92.77% of the stock is owned by institutional investors.

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.