Gordon Tunstall Sells 5,000 Shares of Kforce Inc. (KFRC) Stock
Kforce Inc. (NASDAQ:KFRC) Director Gordon Tunstall sold 5,000 shares of the firm’s stock in a transaction dated Friday, November 25th. The stock was sold at an average price of $21.45, for a total value of $107,250.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.
Kforce Inc. (NASDAQ:KFRC) opened at 22.10 on Thursday. The company has a market capitalization of $568.96 million, a P/E ratio of 16.67 and a beta of 1.38. Kforce Inc. has a 12 month low of $14.86 and a 12 month high of $27.43. The firm has a 50-day moving average price of $19.00 and a 200 day moving average price of $18.67.
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 23rd. Shareholders of record on Friday, December 9th will be paid a $0.12 dividend. The ex-dividend date is Wednesday, December 7th. This represents a $0.48 dividend on an annualized basis and a yield of 2.17%. Kforce’s payout ratio is 36.36%.
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A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Investment Counselors of Maryland LLC acquired a new position in Kforce during the second quarter worth about $12,420,000. Perkins Investment Management LLC boosted its position in Kforce by 78.9% in the third quarter. Perkins Investment Management LLC now owns 947,188 shares of the company’s stock worth $19,408,000 after buying an additional 417,766 shares during the last quarter. Tributary Capital Management LLC acquired a new position in Kforce during the third quarter worth about $8,467,000. Macquarie Group Ltd. boosted its position in Kforce by 40.6% in the second quarter. Macquarie Group Ltd. now owns 1,021,504 shares of the company’s stock worth $17,253,000 after buying an additional 295,173 shares during the last quarter. Finally, RidgeWorth Capital Management LLC boosted its position in Kforce by 47.8% in the second quarter. RidgeWorth Capital Management LLC now owns 883,737 shares of the company’s stock worth $15,077,000 after buying an additional 285,795 shares during the last quarter. 82.35% of the stock is owned by hedge funds and other institutional investors.
A number of research analysts recently weighed in on KFRC shares. Credit Suisse Group AG reissued a “buy” rating and issued a $21.00 price objective on shares of Kforce in a research note on Wednesday, August 3rd. Zacks Investment Research downgraded Kforce from a “hold” rating to a “sell” rating in a research note on Monday, October 24th. Finally, Deutsche Bank AG started coverage on Kforce in a research note on Wednesday, August 17th. They issued a “hold” rating and a $19.00 price objective on the stock.
Kforce Inc is engaged in providing professional and technical specialty staffing services and solutions. The Company operates through three segments, which include Technology (Tech), which provides both temporary staffing and permanent placement services to its clients, focusing primarily on areas of information technology, such as systems/applications, e-commerce, technology infrastructure, network architecture and security; Finance and Accounting (FA), which is engaged in providing both temporary staffing and permanent placement services to its clients in areas, such as general accounting, business analysis and others, and Government Solutions (GS), which is engaged in providing services and solutions to the Federal Government as both a prime contractor and a subcontractor in the fields of information technology, and finance and accounting.
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