Kforce (NASDAQ:KFRC) Rating Lowered to Hold at StockNews.com

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

Other research analysts have also recently issued research reports about the stock. Sidoti raised shares of Kforce from a "neutral" rating to a "buy" rating and set a $71.00 target price on the stock in a research report on Tuesday, October 15th. Truist Financial cut their price target on shares of Kforce from $68.00 to $58.00 and set a "hold" rating on the stock in a research note on Tuesday, October 29th.

Kforce Trading Down 0.3 %

NASDAQ KFRC traded down $0.20 during trading hours on Friday, reaching $58.32. The company had a trading volume of 106,149 shares, compared to its average volume of 114,141. The stock has a 50-day moving average of $58.67 and a 200 day moving average of $61.86. Kforce has a 1-year low of $52.96 and a 1-year high of $74.79. 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 stock has a market capitalization of $1.11 billion, a P/E ratio of 20.24 and a beta of 0.88.

Kforce (NASDAQ:KFRC - Get Free Report) last posted its 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 analysts' expectations of $352.19 million. During the same quarter in the prior year, the company posted $0.90 earnings per share. Kforce's revenue for the quarter was down 5.3% compared to the same quarter last year. As a group, research analysts anticipate that Kforce will post 2.68 earnings per share for the current fiscal year.

Institutional Trading of Kforce

A number of large investors have recently made changes to their positions in the company. TD Private Client Wealth LLC increased its stake in shares of Kforce by 58.0% during the third quarter. TD Private Client Wealth LLC now owns 496 shares of the business services provider's stock worth $30,000 after buying an additional 182 shares during the period. Geode Capital Management LLC increased its stake in shares of Kforce by 4.0% during the third quarter. Geode Capital Management LLC now owns 480,479 shares of the business services provider's stock worth $29,530,000 after buying an additional 18,386 shares during the period. Vestcor Inc increased its stake in Kforce by 139.1% in the third quarter. Vestcor Inc now owns 5,596 shares of the business services provider's stock valued at $344,000 after purchasing an additional 3,256 shares during the last quarter. Barclays PLC increased its stake in Kforce by 171.9% in the third quarter. Barclays PLC now owns 42,166 shares of the business services provider's stock valued at $2,591,000 after purchasing an additional 26,657 shares during the last quarter. Finally, Jane Street Group LLC increased its stake in Kforce by 210.4% in the third quarter. Jane Street Group LLC now owns 53,255 shares of the business services provider's stock valued at $3,273,000 after purchasing an additional 36,098 shares during the last quarter. 92.77% of the stock is currently owned by hedge funds and other 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.