Kforce (NASDAQ:KFRC) Raised to “Buy” at StockNews.com

Kforce (NASDAQ:KFRC) was upgraded by stock analysts at StockNews.com from a “hold” rating to a “buy” rating in a report issued on Saturday.

KFRC has been the subject of several other reports. Sidoti raised shares of Kforce from a “neutral” rating to a “buy” rating and set a $71.00 price objective for the company in a research report on Tuesday, October 15th. Truist Financial lowered their price objective on shares of Kforce from $68.00 to $58.00 and set a “hold” rating for the company in a research report on Tuesday, October 29th.

Kforce Stock Performance

Shares of NASDAQ:KFRC opened at $59.99 on Friday. The company has a market capitalization of $1.14 billion, a price-to-earnings ratio of 20.69 and a beta of 0.88. Kforce has a 12 month low of $52.96 and a 12 month high of $74.79. The firm’s 50-day moving average is $58.36 and its 200 day moving average is $61.70. The company has a current ratio of 2.06, a quick ratio of 2.06 and a debt-to-equity ratio of 0.16.

Kforce (NASDAQ:KFRC) last issued its quarterly earnings results on Monday, October 28th. The business services provider reported $0.75 EPS for the quarter, beating the consensus estimate of $0.69 by $0.06. The company had revenue of $353.30 million for the quarter, compared to the consensus estimate of $352.19 million. Kforce had a net margin of 3.86% and a return on equity of 33.50%. The firm’s revenue was down 5.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.90 EPS. Research analysts predict that Kforce will post 2.68 EPS for the current year.

Institutional Investors Weigh In On Kforce

Large investors have recently added to or reduced their stakes in the stock. TD Private Client Wealth LLC lifted its position in shares of Kforce by 58.0% in the 3rd quarter. TD Private Client Wealth LLC now owns 496 shares of the business services provider’s stock worth $30,000 after purchasing an additional 182 shares during the period. Geode Capital Management LLC lifted its position in shares of Kforce by 4.0% in the 3rd quarter. Geode Capital Management LLC now owns 480,479 shares of the business services provider’s stock worth $29,530,000 after purchasing an additional 18,386 shares during the period. Vestcor Inc lifted its position in shares of Kforce by 139.1% in the 3rd quarter. Vestcor Inc now owns 5,596 shares of the business services provider’s stock worth $344,000 after purchasing an additional 3,256 shares during the period. Barclays PLC lifted its position in shares of Kforce by 171.9% in the 3rd quarter. Barclays PLC now owns 42,166 shares of the business services provider’s stock worth $2,591,000 after purchasing an additional 26,657 shares during the period. Finally, Jane Street Group LLC lifted its position in shares of Kforce by 210.4% in the 3rd quarter. Jane Street Group LLC now owns 53,255 shares of the business services provider’s stock worth $3,273,000 after purchasing an additional 36,098 shares during the period. 92.77% of the stock is 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.