Kforce (NASDAQ:KFRC) Stock: Insider David Dunkel Sells 2,500 Shares

Kforce Inc. (NASDAQ:KFRC) Director David Dunkel sold 2,500 shares of the stock in a transaction dated Tuesday, November 3rd. The stock was sold at an average price of $58.15, for a total value of $145,375.00. Following the transaction, the director directly owned 503,829 shares in the company, valued at approximately $29,297,656.35. The trade was a 0.49% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

Kforce Price Performance

Shares of NASDAQ KFRC opened at $54.17 on Friday. Kforce Inc. has a twelve month low of $25.07 and a twelve month high of $61.75. The company has a current ratio of 2.06, a quick ratio of 2.06 and a debt-to-equity ratio of 0.16. The firm has a 50-day moving average of $53.33 and a two-hundred day moving average of $44.47. The company has a market capitalization of $970.06 million, a price-to-earnings ratio of 20.21 and a beta of 0.87.

Kforce Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 18th. Stockholders of record on Friday, December 4th will be given a dividend of $0.40 per share. The ex-dividend date of this dividend is Friday, December 4th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 3.0%. Kforce’s dividend payout ratio (DPR) is 66.95%.

Wall Street Analyst Weigh In

Several research analysts have commented on the company. Truist Financial lifted their price target on Kforce from $38.00 to $60.00 and gave the stock a “hold” rating in a research report on Wednesday, July 22nd. Robert W. Baird upped their price target on Kforce from $63.00 to $66.00 and gave the company an “outperform” rating in a research report on Tuesday, October 27th. Finally, UBS Group boosted their price objective on shares of Kforce from $59.00 to $63.00 and gave the stock a “neutral” rating in a report on Tuesday, October 27th. Two research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $63.00.

Hedge Funds Weigh In On Kforce

Several hedge funds have recently bought and sold shares of KFRC. Paradigm Capital Management Inc. NY bought a new position in shares of Kforce during the 2nd quarter valued at about $1,727,000. Public Employees Retirement System of Ohio acquired a new position in shares of Kforce during the second quarter worth $4,336,000. Ieq Capital LLC bought a new position in shares of Kforce in the second quarter valued at $1,783,000. Deutsche Bank AG bought a new position in Kforce in the 2nd quarter worth about $4,381,000. Finally, Argent Capital Management LLC bought a new position in Kforce during the 3rd quarter valued at approximately $689,000. 92.77% of the stock is owned by hedge funds and other institutional investors.

Kforce Company Profile

Kforce Inc is a professional staffing and business solutions firm that connects organizations with skilled workers and provides services designed to support workforce and project needs. The company primarily operates through its Technology and Finance & Accounting segments.

Kforce Technology provides staffing, consulting, and project-based solutions for areas such as application development, data management, cloud computing, cybersecurity, and other information technology functions.