The Vanguard Group, Inc. has recently announced that it has increased stake in Kforce Inc. (NASDAQ:KFRC) by 5.50%. After grabbing 2.29 million shares, the institutional investor is now in possession of 0.12 million shares of the Industrials Company. The new investment brought the stake of investor firm to 11.04% having worth around $125.59 million. Moreover, Dimensional Fund Advisors LP increased its share by 2599.0 to have a control over 0.82 million shares. And NewSouth Capital Management, Inc. raised its holdings to 2115.0 shares by acquiring 0.54 million shares or 2.62% of the stake.
Kforce Inc. (KFRC) concluded trading on 01/19/23 at a closing price of $54.96, with 0.17 million shares of worth about $9.44 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -13.13% during that period and on Thursday the price saw a loss of about -0.43%. Currently the company’s common shares owned by public are about 20.02M shares, out of which, 19.63M shares are available for trading.
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A deeper look into what the analysts at Wall Street are thinking about the price target of this stock provides us with the following: 5 analysts are covering the KFRC stock and their offered price forecasts bring an average price target of $71.67. Over the next 12 months, analysts forecasted that the stock’s price could jump as high as $80.00 and could fall to a lowest price of $65.00. The stock’s current price level is 25.05% above of average price target set by the analysts, while a rise to estimated low would result in gain of 15.45% for the stock. However, touching the estimated high of $80.00 would mean a gain of 31.3% for the stock.
According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 51 times over the past 12 months. They bought 32,206 shares in 38 of the transactions. In 13 selling transactions, insiders dumped 119,793 shares.
Fidelity Comwlth. Tr. – Small Cap, Vanguard Total Stock Market Index, and Fidelity Small Cap America Fund are the top 3 mutual funds which are holding stakes in Kforce Inc. Fidelity Comwlth. Tr. – Small Cap is currently holding 0.75 million shares of worth totaling $41.12 million. The company recently came buying 0.0 shares which brought its stake up to 3.61% of the company’s outstanding shares. Fidelity Small Cap America Fund, after buying 0.61 million shares, have now control over 2.93% of the stake in the company. It holds 0.0 shares of worth $33.29 million.
Kforce Inc. (NASDAQ: KFRC) started trading at $54.69, below -$0.51 from concluding price of the previous day. However, the stock later moved at a day high price of 55.30, or with a loss of -0.43%. Stock saw a price change of -3.56% in past 5 days and over the past one month there was a price change of 3.27%. Year-to-date (YTD), KFRC shares are showing a performance of 0.24% which decreased to -22.59% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $49.35 but also hit the highest price of $78.15 during that period. The average intraday trading volume for Kforce Inc. shares is 136.86K. The stock is currently trading -0.12% below its 20-day simple moving average (SMA20), while that difference is down -1.56% for SMA50 and it goes to -10.65% lower than SMA200.
The Vanguard Group, Inc. acquired 2.29 million shares of Kforce Inc. having value of about $125.59 million. Data submitted at the U.S SEC by The Vanguard Group, Inc. revealed that the firm now holds 0.12 million shares in the company valued at close to $6561894.24, or have control over 5.50% stake in the company. Kforce Inc. (NASDAQ: KFRC) currently have 20.02M outstanding shares and institutions hold larger chunk of about 89.50% of that. Holding of mutual funds in the company is about 35.71% while other institutional holders and individual stake holders have control over 53.29% and 15.51% of the stake respectively.
The stock has a current market capitalization of $1.12B and its 3Y-monthly beta is at 0.95. PE ratio of stock for trailing 12 months is 12.81, while it has posted earnings per share of $4.29 in the same period. Its PEG reads 0.85 and has Quick Ratio of 1.80 while making debt-to-equity ratio of 0.00. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for KFRC, volatility over the week remained 2.92% while standing at 2.99% over the month.
Analysts are in expectations that Kforce Inc. (KFRC) stock would likely to be making an EPS of $1.06 in the current quarter, while forecast for next quarter EPS is $0.94 and it is $4.16 for next year. For the current quarter EPS, analysts have given the company a lowest target $1.03 which is $1.07 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $0.96 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 35.30% while it is estimated to decrease by -7.50% in next year. EPS is likely to shrink at an annualized rate of 15.00% for next 5-years, compared to annual growth of 23.20% made by the stock over the past 5-years.
Analysts at 5 brokerage firms have issued recommendations for the Kforce Inc. (KFRC)’s stock and average of those rates the stock at a “Strong Buy” and assign it a score of 1.80. Out of those 5 Wall Street analysts, 1 recommended a “Buy” rating, while 3 were in favor recommending the stock as a “Hold” and 0 analyst recommended the stock as “Sell”.
Coverage by Sidoti stated Kforce Inc. (KFRC) stock as a Buy in their note to investors on January 04, 2021, suggesting a price target of $53 for the stock. On August 11, 2020, William Blair Upgrade their recommendations, while on May 28, 2020, Sidoti Downgrade their ratings for the stock with a price target of $33. Stock get a Buy rating from Sidoti on March 03, 2020.
