Kforce (NASDAQ:KFRC) Sets New 52-Week Low - Time to Sell?

Kforce Inc. (NASDAQ:KFRC - Get Free Report) hit a new 52-week low during mid-day trading on Monday . The stock traded as low as $54.59 and last traded at $54.65, with a volume of 17335 shares. The stock had previously closed at $55.58.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on KFRC. Sidoti upgraded Kforce from a "neutral" rating to a "buy" rating and set a $71.00 target price for the company in a research report on Tuesday, October 15th. StockNews.com raised Kforce from a "hold" rating to a "buy" rating in a research note on Thursday, August 1st. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, Kforce has an average rating of "Moderate Buy" and an average price target of $68.75.

Kforce Price Performance

The company has a quick ratio of 2.33, a current ratio of 2.33 and a debt-to-equity ratio of 0.22. The firm has a market capitalization of $1.04 billion, a price-to-earnings ratio of 18.58 and a beta of 0.87. The company's fifty day moving average is $61.63 and its two-hundred day moving average is $62.96.

Kforce (NASDAQ:KFRC - Get Free Report) last issued its quarterly earnings data on Monday, July 29th. The business services provider reported $0.75 EPS for the quarter, topping analysts' consensus estimates of $0.73 by $0.02. Kforce had a net margin of 3.56% and a return on equity of 34.89%. The business had revenue of $356.32 million for the quarter, compared to analyst estimates of $356.20 million. During the same period last year, the business posted $0.95 earnings per share. The firm's quarterly revenue was down 8.4% on a year-over-year basis. Equities research analysts anticipate that Kforce Inc. will post 2.7 earnings per share for the current fiscal year.

Kforce Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Friday, September 13th were issued a $0.38 dividend. The ex-dividend date was Friday, September 13th. This represents a $1.52 annualized dividend and a dividend yield of 2.84%. Kforce's dividend payout ratio is currently 52.60%.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the business. Virtu Financial LLC acquired a new position in shares of Kforce during the fourth quarter worth $207,000. Wellington Management Group LLP raised its stake in shares of Kforce by 151.5% during the 4th quarter. Wellington Management Group LLP now owns 62,280 shares of the business services provider's stock worth $4,208,000 after purchasing an additional 37,512 shares during the period. Annex Advisory Services LLC increased its position in Kforce by 7.9% in the first quarter. Annex Advisory Services LLC now owns 7,846 shares of the business services provider's stock worth $553,000 after buying an additional 572 shares during the last quarter. Vaughan Nelson Investment Management L.P. raised its position in shares of Kforce by 14.6% in the first quarter. Vaughan Nelson Investment Management L.P. now owns 732,868 shares of the business services provider's stock valued at $51,682,000 after purchasing an additional 93,180 shares during the period. Finally, Allspring Global Investments Holdings LLC grew its holdings in Kforce by 357.3% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 9,932 shares of the business services provider's stock valued at $700,000 after buying an additional 7,760 shares in the last quarter. 92.77% of the stock is owned by institutional investors.

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.