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Short Interest in Kforce Inc. (NASDAQ:KFRC) Increases By 5.1%

Defense World · Jan 6, 2023 02:01

Kforce Inc. (NASDAQ:KFRC – Get Rating) saw a large increase in short interest in the month of December. As of December 15th, there was short interest totalling 614,100 shares, an increase of 5.1% from the November 30th total of 584,400 shares. Currently, 3.1% of the company's stock are short sold. Based on an average daily volume of 133,500 shares, the days-to-cover ratio is currently 4.6 days.

Kforce Trading Down 2.8 %

NASDAQ KFRC opened at $53.15 on Friday. Kforce has a 1-year low of $49.35 and a 1-year high of $78.15. The company has a market capitalization of $1.10 billion, a PE ratio of 12.36 and a beta of 0.93. The firm's fifty day simple moving average is $56.15 and its 200-day simple moving average is $58.63.

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Kforce (NASDAQ:KFRC – Get Rating) last issued its quarterly earnings data on Monday, October 31st. The business services provider reported $1.09 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.07 by $0.02. The firm had revenue of $437.62 million during the quarter, compared to analysts' expectations of $432.42 million. Kforce had a net margin of 5.23% and a return on equity of 44.12%. Kforce's revenue for the quarter was up 8.7% on a year-over-year basis. During the same period in the prior year, the company posted $0.96 earnings per share. As a group, analysts predict that Kforce will post 4.24 EPS for the current year.

Kforce Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 23rd. Investors of record on Friday, December 9th were issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 2.26%. The ex-dividend date was Thursday, December 8th. Kforce's dividend payout ratio is presently 27.91%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the stock. StockNews.com downgraded shares of Kforce from a "strong-buy" rating to a "buy" rating in a research note on Friday, October 28th. William Blair downgraded shares of Kforce from an "outperform" rating to a "market perform" rating in a research note on Friday, November 25th.

Institutional Investors Weigh In On Kforce

Large investors have recently bought and sold shares of the business. First Personal Financial Services bought a new stake in Kforce during the third quarter valued at about $32,000. First Horizon Advisors Inc. bought a new stake in Kforce during the second quarter valued at about $45,000. Quantbot Technologies LP boosted its holdings in Kforce by 83.3% during the second quarter. Quantbot Technologies LP now owns 1,100 shares of the business services provider's stock valued at $67,000 after acquiring an additional 500 shares during the period. IFP Advisors Inc boosted its holdings in Kforce by 30.5% during the third quarter. IFP Advisors Inc now owns 1,418 shares of the business services provider's stock valued at $82,000 after acquiring an additional 331 shares during the period. Finally, EMC Capital Management boosted its holdings in Kforce by 50.9% during the second quarter. EMC Capital Management now owns 1,676 shares of the business services provider's stock valued at $103,000 after acquiring an additional 565 shares during the period. 88.09% of the stock is currently owned by institutional investors.

About Kforce

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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.