Kforce (KFRC) Projected to Post Quarterly Earnings on Monday

Kforce (NASDAQ:KFRC) is projected to announce its results after the market closes on Monday, November 3rd. Analysts expect the company to announce earnings of $0.57 per share and revenue of $328.3370 million for the quarter.

Kforce Price Performance

Shares of KFRC opened at $25.31 on Friday. Kforce has a 1-year low of $24.62 and a 1-year high of $62.80. The stock has a market cap of $470.74 million, a PE ratio of 9.44 and a beta of 0.66. The firm has a 50-day simple moving average of $29.64 and a two-hundred day simple moving average of $36.45. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.06 and a quick ratio of 2.06.

Analyst Ratings Changes

KFRC has been the subject of a number of research reports. Zacks Research cut shares of Kforce from a “hold” rating to a “strong sell” rating in a report on Tuesday. Truist Financial dropped their price objective on shares of Kforce from $46.00 to $35.00 and set a “hold” rating for the company in a report on Monday, October 13th. Finally, UBS Group dropped their price objective on shares of Kforce from $45.00 to $40.00 and set a “neutral” rating for the company in a report on Wednesday, July 30th. Two equities research analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Kforce has an average rating of “Reduce” and an average price target of $37.50.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Goldman Sachs Group Inc. grew its holdings in Kforce by 64.9% during the 1st quarter. Goldman Sachs Group Inc. now owns 251,712 shares of the business services provider’s stock worth $12,306,000 after acquiring an additional 99,050 shares in the last quarter. Qube Research & Technologies Ltd lifted its position in shares of Kforce by 19.7% during the 2nd quarter. Qube Research & Technologies Ltd now owns 169,301 shares of the business services provider’s stock worth $6,963,000 after buying an additional 27,840 shares during the last quarter. Millennium Management LLC lifted its position in shares of Kforce by 3.5% during the 1st quarter. Millennium Management LLC now owns 133,829 shares of the business services provider’s stock worth $6,543,000 after buying an additional 4,511 shares during the last quarter. Ameriprise Financial Inc. lifted its position in shares of Kforce by 6.8% during the 2nd quarter. Ameriprise Financial Inc. now owns 89,370 shares of the business services provider’s stock worth $3,663,000 after buying an additional 5,679 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in shares of Kforce by 5.8% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 39,416 shares of the business services provider’s stock worth $1,927,000 after buying an additional 2,159 shares during the last quarter. Institutional investors and hedge funds own 92.77% of the company’s stock.

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.