Kforce (NASDAQ:KFRC) Stock Rating Upgraded by StockNews.com

Kforce (NASDAQ:KFRC - Get Free Report) was upgraded by analysts at StockNews.com from a "hold" rating to a "buy" rating in a note issued to investors on Saturday.

A number of other equities analysts have also commented on KFRC. Truist Financial dropped their price objective on Kforce from $68.00 to $58.00 and set a "hold" rating on the stock in a research note on Tuesday, October 29th. Sidoti upgraded shares of Kforce from a "neutral" rating to a "buy" rating and set a $71.00 price objective on the stock in a research note on Tuesday, October 15th.

Kforce Stock Up 0.6 %

Shares of NASDAQ:KFRC traded up $0.35 on Friday, reaching $59.99. The company had a trading volume of 56,734 shares, compared to its average volume of 113,522. The stock has a 50-day moving average price of $58.32 and a 200 day moving average price of $61.67. Kforce has a twelve month low of $52.96 and a twelve month high of $74.79. The company has a quick ratio of 2.06, a current ratio of 2.06 and a debt-to-equity ratio of 0.16. The stock has a market capitalization of $1.14 billion, a P/E ratio of 20.69 and a beta of 0.88.

Kforce (NASDAQ:KFRC - Get Free Report) last released its quarterly earnings results on Monday, October 28th. The business services provider reported $0.75 EPS for the quarter, beating analysts' consensus estimates of $0.69 by $0.06. Kforce had a net margin of 3.86% and a return on equity of 33.50%. The company had revenue of $353.30 million for the quarter, compared to analyst estimates of $352.19 million. During the same quarter last year, the firm posted $0.90 earnings per share. The company's quarterly revenue was down 5.3% compared to the same quarter last year. On average, equities analysts expect that Kforce will post 2.68 EPS for the current year.

Institutional Investors Weigh In On Kforce

A number of institutional investors have recently bought and sold shares of the business. Hotchkis & Wiley Capital Management LLC raised its holdings in shares of Kforce by 28.4% in the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 186,016 shares of the business services provider's stock worth $11,431,000 after buying an additional 41,180 shares in the last quarter. Jane Street Group LLC raised its stake in Kforce by 210.4% during the third quarter. Jane Street Group LLC now owns 53,255 shares of the business services provider's stock worth $3,273,000 after acquiring an additional 36,098 shares in the last quarter. Barclays PLC lifted its holdings in shares of Kforce by 171.9% during the third quarter. Barclays PLC now owns 42,166 shares of the business services provider's stock valued at $2,591,000 after acquiring an additional 26,657 shares during the period. Hantz Financial Services Inc. acquired a new stake in shares of Kforce in the 2nd quarter valued at $1,488,000. Finally, Vaughan Nelson Investment Management L.P. grew its holdings in shares of Kforce by 3.3% in the 2nd quarter. Vaughan Nelson Investment Management L.P. now owns 756,788 shares of the business services provider's stock worth $47,020,000 after purchasing an additional 23,920 shares during the last quarter. 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.