Insider Selling: Kforce Inc. (KFRC) CEO Sells 388 Shares of Stock

Kforce Inc. (NASDAQ:KFRC) CEO David L. Dunkel sold 388 shares of the stock in a transaction on Friday, December 15th. The stock was sold at an average price of $26.50, for a total transaction of $10,282.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

David L. Dunkel also recently made the following trade(s):

  • On Monday, December 18th, David L. Dunkel sold 8,112 shares of Kforce stock. The stock was sold at an average price of $26.50, for a total transaction of $214,968.00.
  • On Tuesday, December 12th, David L. Dunkel sold 1,500 shares of Kforce stock. The stock was sold at an average price of $26.50, for a total transaction of $39,750.00.
  • On Friday, November 3rd, David L. Dunkel sold 700 shares of Kforce stock. The stock was sold at an average price of $23.55, for a total transaction of $16,485.00.
  • On Monday, November 6th, David L. Dunkel sold 17,000 shares of Kforce stock. The stock was sold at an average price of $23.90, for a total transaction of $406,300.00.

Kforce Inc. (NASDAQ KFRC) opened at $26.65 on Friday. The company has a debt-to-equity ratio of 0.91, a quick ratio of 2.95 and a current ratio of 2.95. Kforce Inc. has a 12-month low of $16.75 and a 12-month high of $27.30. The firm has a market cap of $711.97, a price-to-earnings ratio of 18.77 and a beta of 1.68.

Kforce (NASDAQ:KFRC) last issued its earnings results on Tuesday, October 31st. The business services provider reported $0.45 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.45. Kforce had a net margin of 2.71% and a return on equity of 28.83%. The firm had revenue of $341.05 million during the quarter, compared to analyst estimates of $340.67 million. During the same quarter in the prior year, the business earned $0.44 earnings per share. Kforce’s revenue for the quarter was up .2% on a year-over-year basis. analysts expect that Kforce Inc. will post 1.5 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 22nd. Shareholders of record on Friday, December 8th were given a dividend of $0.12 per share. The ex-dividend date of this dividend was Thursday, December 7th. This represents a $0.48 annualized dividend and a yield of 1.80%. Kforce’s dividend payout ratio (DPR) is currently 33.80%.

Hedge funds have recently added to or reduced their stakes in the business. Schwab Charles Investment Management Inc. lifted its position in Kforce by 6.1% during the second quarter. Schwab Charles Investment Management Inc. now owns 234,369 shares of the business services provider’s stock valued at $4,594,000 after purchasing an additional 13,533 shares during the last quarter. AJO LP bought a new position in Kforce during the second quarter valued at $1,828,000. IndexIQ Advisors LLC lifted its position in Kforce by 83.2% during the third quarter. IndexIQ Advisors LLC now owns 36,495 shares of the business services provider’s stock valued at $737,000 after purchasing an additional 16,569 shares during the last quarter. LSV Asset Management lifted its position in Kforce by 73.7% during the second quarter. LSV Asset Management now owns 344,933 shares of the business services provider’s stock valued at $6,760,000 after purchasing an additional 146,400 shares during the last quarter. Finally, Dupont Capital Management Corp lifted its position in Kforce by 102.1% during the second quarter. Dupont Capital Management Corp now owns 91,921 shares of the business services provider’s stock valued at $1,802,000 after purchasing an additional 46,446 shares during the last quarter. Institutional investors and hedge funds own 78.77% of the company’s stock.

KFRC has been the subject of a number of analyst reports. Zacks Investment Research raised shares of Kforce from a “sell” rating to a “hold” rating in a research note on Wednesday, October 4th. TheStreet upgraded shares of Kforce from a “c+” rating to a “b” rating in a research report on Monday, October 2nd. SunTrust Banks lowered shares of Kforce from a “buy” rating to a “hold” rating and dropped their target price for the stock from $23.00 to $22.00 in a research report on Wednesday, October 11th. ValuEngine upgraded shares of Kforce from a “hold” rating to a “buy” rating in a research report on Friday, October 27th. Finally, Robert W. Baird restated a “buy” rating and set a $25.00 target price on shares of Kforce in a research report on Friday, November 3rd. Five research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $24.83.

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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.

Insider Buying and Selling by Quarter for Kforce (NASDAQ:KFRC)

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