SunTrust Banks, Inc. Lowers Kforce, Inc. (KFRC) to Hold

SunTrust Banks, Inc. lowered shares of Kforce, Inc. (NASDAQ:KFRC) from a buy rating to a hold rating in a report published on Wednesday, MarketBeat.com reports. The firm currently has $22.00 target price on the business services provider’s stock, down from their previous target price of $23.00.

A number of other equities analysts also recently commented on KFRC. ValuEngine raised shares of Kforce from a hold rating to a buy rating in a report on Tuesday, June 27th. BidaskClub cut Kforce from a buy rating to a hold rating in a research note on Saturday, July 8th. Deutsche Bank AG cut their target price on Kforce from $25.00 to $22.00 and set a hold rating on the stock in a research note on Wednesday, August 2nd. Zacks Investment Research cut Kforce from a hold rating to a sell rating in a research note on Thursday, August 3rd. Finally, Robert W. Baird reiterated a buy rating and issued a $20.00 target price on shares of Kforce in a research note on Tuesday, September 12th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the company’s stock. Kforce presently has a consensus rating of Hold and a consensus target price of $23.20.

Kforce (NASDAQ:KFRC) traded down 0.26% during mid-day trading on Wednesday, reaching $19.50. 66,522 shares of the company traded hands. The firm’s 50-day moving average is $18.97 and its 200 day moving average is $19.51. Kforce has a 52-week low of $15.95 and a 52-week high of $26.95. The stock has a market capitalization of $493.16 million, a PE ratio of 14.21 and a beta of 1.59.

Kforce (NASDAQ:KFRC) last released its quarterly earnings data on Tuesday, August 1st. The business services provider reported $0.44 EPS for the quarter, missing analysts’ consensus estimates of $0.46 by ($0.02). The business had revenue of $340.31 million during the quarter, compared to analyst estimates of $345.24 million. Kforce had a return on equity of 29.67% and a net margin of 2.64%. The business’s revenue for the quarter was up 1.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.41 EPS. On average, equities research analysts expect that Kforce will post $1.51 earnings per share for the current year.

COPYRIGHT VIOLATION NOTICE: “SunTrust Banks, Inc. Lowers Kforce, Inc. (KFRC) to Hold” was first published by The Ledger Gazette and is owned by of The Ledger Gazette. If you are reading this news story on another domain, it was copied illegally and republished in violation of US and international copyright law. The legal version of this news story can be accessed at https://ledgergazette.com/2017/10/14/suntrust-banks-inc-lowers-kforce-inc-kfrc-to-hold.html.

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 22nd. Investors of record on Friday, September 8th were paid a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.46%. The ex-dividend date of this dividend was Thursday, September 7th. Kforce’s dividend payout ratio is currently 35.04%.

In related news, COO Kye L. Mitchell sold 5,000 shares of Kforce stock in a transaction dated Thursday, September 7th. The shares were sold at an average price of $17.99, for a total transaction of $89,950.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 13.30% of the stock is owned by insiders.

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. raised its stake in shares of Kforce by 1.7% during the second quarter. Vanguard Group Inc. now owns 2,067,198 shares of the business services provider’s stock valued at $40,517,000 after purchasing an additional 33,998 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Kforce by 4.4% during the second quarter. Dimensional Fund Advisors LP now owns 1,435,611 shares of the business services provider’s stock valued at $28,138,000 after purchasing an additional 60,783 shares in the last quarter. Macquarie Group Ltd. raised its stake in shares of Kforce by 16.9% during the second quarter. Macquarie Group Ltd. now owns 1,136,060 shares of the business services provider’s stock valued at $22,267,000 after purchasing an additional 164,268 shares in the last quarter. Investment Counselors of Maryland LLC raised its stake in shares of Kforce by 27.8% during the second quarter. Investment Counselors of Maryland LLC now owns 1,004,771 shares of the business services provider’s stock valued at $19,694,000 after purchasing an additional 218,650 shares in the last quarter. Finally, Tributary Capital Management LLC raised its stake in shares of Kforce by 25.2% during the second quarter. Tributary Capital Management LLC now owns 777,037 shares of the business services provider’s stock valued at $15,230,000 after purchasing an additional 156,200 shar

A number of other equities analysts also recently commented on KFRC. ValuEngine raised shares of Kforce from a hold rating to a buy rating in a report on Tuesday, June 27th. BidaskClub cut Kforce from a buy rating to a hold rating in a research note on Saturday, July 8th. Deutsche Bank AG cut their target price on Kforce from $25.00 to $22.00 and set a hold rating on the stock in a research note on Wednesday, August 2nd. Zacks Investment Research cut Kforce from a hold rating to a sell rating in a research note on Thursday, August 3rd. Finally, Robert W. Baird reiterated a buy rating and issued a $20.00 target price on shares of Kforce in a research note on Tuesday, September 12th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the company’s stock. Kforce presently has a consensus rating of Hold and a consensus target price of $23.20.

Kforce (NASDAQ:KFRC) traded down 0.26% during mid-day trading on Wednesday, reaching $19.50. 66,522 shares of the company traded hands. The firm’s 50-day moving average is $18.97 and its 200 day moving average is $19.51. Kforce has a 52-week low of $15.95 and a 52-week high of $26.95. The stock has a market capitalization of $493.16 million, a PE ratio of 14.21 and a beta of 1.59.

Kforce (NASDAQ:KFRC) last released its quarterly earnings data on Tuesday, August 1st. The business services provider reported $0.44 EPS for the quarter, missing analysts’ consensus estimates of $0.46 by ($0.02). The business had revenue of $340.31 million during the quarter, compared to analyst estimates of $345.24 million. Kforce had a return on equity of 29.67% and a net margin of 2.64%. The business’s revenue for the quarter was up 1.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.41 EPS. On average, equities research analysts expect that Kforce will post $1.51 earnings per share for the current year.

COPYRIGHT VIOLATION NOTICE: “SunTrust Banks, Inc. Lowers Kforce, Inc. (KFRC) to Hold” was first published by The Ledger Gazette and is owned by of The Ledger Gazette. If you are reading this news story on another domain, it was copied illegally and republished in violation of US and international copyright law. The legal version of this news story can be accessed at https://ledgergazette.com/2017/10/14/suntrust-banks-inc-lowers-kforce-inc-kfrc-to-hold.html.

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 22nd. Investors of record on Friday, September 8th were paid a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.46%. The ex-dividend date of this dividend was Thursday, September 7th. Kforce’s dividend payout ratio is currently 35.04%.

In related news, COO Kye L. Mitchell sold 5,000 shares of Kforce stock in a transaction dated Thursday, September 7th. The shares were sold at an average price of $17.99, for a total transaction of $89,950.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 13.30% of the stock is owned by insiders.

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. raised its stake in shares of Kforce by 1.7% during the second quarter. Vanguard Group Inc. now owns 2,067,198 shares of the business services provider’s stock valued at $40,517,000 after purchasing an additional 33,998 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Kforce by 4.4% during the second quarter. Dimensional Fund Advisors LP now owns 1,435,611 shares of the business services provider’s stock valued at $28,138,000 after purchasing an additional 60,783 shares in the last quarter. Macquarie Group Ltd. raised its stake in shares of Kforce by 16.9% during the second quarter. Macquarie Group Ltd. now owns 1,136,060 shares of the business services provider’s stock valued at $22,267,000 after purchasing an additional 164,268 shares in the last quarter. Investment Counselors of Maryland LLC raised its stake in shares of Kforce by 27.8% during the second quarter. Investment Counselors of Maryland LLC now owns 1,004,771 shares of the business services provider’s stock valued at $19,694,000 after purchasing an additional 218,650 shares in the last quarter. Finally, Tributary Capital Management LLC raised its stake in shares of Kforce by 25.2% during the second quarter. Tributary Capital Management LLC now owns 777,037 shares of the business services provider’s stock valued at $15,230,000 after purchasing an additional 156,200 shares in the last quarter. Institutional investors and hedge funds own 78.42% of the company’s stock.

Kforce Company Profile

Kforce Inc (Kforce) is engaged in providing professional and technical specialty staffing services and solutions. The Company operates through three segments, which include Technology (Tech), Finance and Accounting (FA) and Government Solutions (GS). The Company’s Tech segment includes the operations of its subsidiary Kforce Global Solutions, Inc The FA segment is engaged in providing both temporary staffing and permanent placement services to its clients in areas, such as general accounting, business analysis and others.

Analyst Recommendations for Kforce (NASDAQ:KFRC)

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