Kforce (NASDAQ:KFRC) Price Target Cut to $58.00 by Analysts at Truist Financial

Kforce (NASDAQ:KFRC) had its price objective cut by Truist Financial from $68.00 to $58.00 in a report released on Tuesday, Benzinga reports. They currently have a hold rating on the business services provider’s stock.

KFRC has been the topic of a number of other research reports. StockNews.com upgraded Kforce from a “hold” rating to a “buy” rating in a research report on Thursday, August 1st. Sidoti upgraded Kforce from a “neutral” rating to a “buy” rating and set a $71.00 price target on the stock in a research report on Tuesday, October 15th. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $65.75.

Kforce Trading Up 2.6 %

Shares of KFRC stock opened at $57.14 on Tuesday. The firm has a market capitalization of $1.11 billion, a P/E ratio of 21.24 and a beta of 0.87. Kforce has a twelve month low of $52.96 and a twelve month high of $74.79. 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 stock’s fifty day simple moving average is $60.48 and its 200 day simple moving average is $62.41.

Kforce (NASDAQ:KFRC) last issued its quarterly earnings data on Monday, October 28th. The business services provider reported $0.75 earnings per share for the quarter, topping analysts’ consensus estimates of $0.69 by $0.06. Kforce had a return on equity of 34.89% and a net margin of 3.56%. The business had revenue of $353.30 million for the quarter, compared to analyst estimates of $352.19 million. During the same quarter in the previous year, the company posted $0.90 EPS. Kforce’s quarterly revenue was down 5.3% compared to the same quarter last year. As a group, sell-side analysts predict that Kforce will post 2.7 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. SG Americas Securities LLC acquired a new position in shares of Kforce in the 2nd quarter valued at about $718,000. Sei Investments Co. lifted its stake in shares of Kforce by 36.1% in the 1st quarter. Sei Investments Co. now owns 45,459 shares of the business services provider’s stock valued at $3,207,000 after purchasing an additional 12,050 shares during the period. Vaughan Nelson Investment Management L.P. lifted its stake in shares of Kforce by 3.3% in the 2nd quarter. Vaughan Nelson Investment Management L.P. now owns 756,788 shares of the business services provider’s stock valued at $47,020,000 after purchasing an additional 23,920 shares during the period. Kayne Anderson Rudnick Investment Management LLC lifted its stake in shares of Kforce by 0.6% in the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 2,402,035 shares of the business services provider’s stock valued at $149,238,000 after purchasing an additional 13,706 shares during the period. Finally, Hantz Financial Services Inc. acquired a new position in shares of Kforce in the 2nd quarter valued at about $1,488,000. 92.77% of the stock is owned by institutional investors and hedge funds.

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.