Kforce Inc. (NASDAQ:KFRC – Get Rating) was the target of a large growth in short interest in December. As of December 15th, there was short interest totalling 614,100 shares, a growth of 5.1% from the November 30th total of 584,400 shares. Based on an average daily trading volume, of 133,500 shares, the short-interest ratio is presently 4.6 days. Currently, 3.1% of the shares of the company are sold short.
Analyst Ratings Changes
KFRC has been the subject of several analyst reports. StockNews.com downgraded shares of Kforce from a "strong-buy" rating to a "buy" rating in a report on Friday, October 28th. William Blair downgraded shares of Kforce from an "outperform" rating to a "market perform" rating in a report on Friday, November 25th.
Get Kforce alerts:Kforce Stock Up 1.8 %
Kforce stock opened at $55.59 on Wednesday. The company has a market capitalization of $1.15 billion, a PE ratio of 12.70 and a beta of 0.93. The firm has a fifty day simple moving average of $56.45 and a two-hundred day simple moving average of $58.70. Kforce has a twelve month low of $49.35 and a twelve month high of $78.15.
Kforce (NASDAQ:KFRC – Get Rating) last posted its quarterly earnings results on Monday, October 31st. The business services provider reported $1.09 earnings per share for the quarter, topping the consensus estimate of $1.07 by $0.02. The business had revenue of $437.62 million during the quarter, compared to the consensus estimate of $432.42 million. Kforce had a net margin of 5.23% and a return on equity of 44.12%. The firm's revenue for the quarter was up 8.7% on a year-over-year basis. During the same period in the previous year, the firm posted $0.96 earnings per share. As a group, equities analysts expect that Kforce will post 4.24 earnings per share for the current fiscal year.Kforce Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Friday, December 23rd. Shareholders of record on Friday, December 9th were given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.16%. The ex-dividend date of this dividend was Thursday, December 8th. Kforce's payout ratio is 27.91%.
Hedge Funds Weigh In On Kforce
A number of hedge funds have recently modified their holdings of KFRC. Bank of New York Mellon Corp increased its position in shares of Kforce by 0.5% in the first quarter. Bank of New York Mellon Corp now owns 139,436 shares of the business services provider's stock valued at $10,315,000 after acquiring an additional 704 shares during the period. US Bancorp DE increased its position in shares of Kforce by 4.8% during the first quarter. US Bancorp DE now owns 8,023 shares of the business services provider's stock valued at $593,000 after buying an additional 367 shares during the period. Bank of Montreal Can increased its position in shares of Kforce by 0.7% during the first quarter. Bank of Montreal Can now owns 25,409 shares of the business services provider's stock valued at $1,917,000 after buying an additional 184 shares during the period. MetLife Investment Management LLC increased its position in shares of Kforce by 54.3% during the first quarter. MetLife Investment Management LLC now owns 11,075 shares of the business services provider's stock valued at $819,000 after buying an additional 3,897 shares during the period. Finally, Dimensional Fund Advisors LP increased its position in shares of Kforce by 1.5% during the first quarter. Dimensional Fund Advisors LP now owns 819,920 shares of the business services provider's stock valued at $60,651,000 after buying an additional 12,263 shares during the period. Hedge funds and other institutional investors own 88.09% of the company's stock.
Kforce Company Profile
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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.
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