Is Kforce Inc. (KFRC)’s Fuel Running Low? The Stock Reaches 52-Week High Today

June 14, 2018 - By Harriett Tippett

Kforce Inc. (NASDAQ:KFRC) Logo

Investors sentiment increased to 1.31 in 2018 Q1. Its up 0.11, from 1.2 in 2017Q4. It improved, as 8 investors sold Kforce Inc. shares while 47 reduced holdings. 29 funds opened positions while 43 raised stakes. 19.44 million shares or 6.59% less from 20.81 million shares in 2017Q4 were reported.
Ftb Advisors has invested 0% in Kforce Inc. (NASDAQ:KFRC). Old Mutual Glob (Uk) accumulated 33,869 shares. Moreover, Vanguard Gru has 0% invested in Kforce Inc. (NASDAQ:KFRC) for 2.01M shares. Blackrock invested 0% in Kforce Inc. (NASDAQ:KFRC). Brandywine Investment Limited Com holds 0% of its portfolio in Kforce Inc. (NASDAQ:KFRC) for 11,369 shares. The Georgia-based Voya Inv Mgmt Ltd Liability Corp has invested 0% in Kforce Inc. (NASDAQ:KFRC). Citadel Advsr Ltd invested 0% of its portfolio in Kforce Inc. (NASDAQ:KFRC). Tributary Cap Management Ltd Liability Company owns 646,227 shares. Prudential Fincl stated it has 144,597 shares or 0.01% of all its holdings. The New York-based Millennium Mgmt Ltd Liability Company has invested 0.01% in Kforce Inc. (NASDAQ:KFRC). Price T Rowe Associate Md invested in 0% or 44,000 shares. Inv Counselors Of Maryland Ltd Com has invested 1.48% in Kforce Inc. (NASDAQ:KFRC). Eqis Cap Inc owns 9,535 shares. Moreover, First Quadrant L P Ca has 0% invested in Kforce Inc. (NASDAQ:KFRC) for 2,349 shares. Zurcher Kantonalbank (Zurich Cantonalbank) has invested 0% in Kforce Inc. (NASDAQ:KFRC).

Since December 15, 2017, it had 0 buys, and 23 insider sales for $7.58 million activity. Another trade for 24,041 shares valued at $770,837 was sold by LIBERATORE JOSEPH J. Shares for $135,900 were sold by ROSEN ELAINE on Wednesday, February 14. STRUZZIERO RALPH also sold $39,825 worth of Kforce Inc. (NASDAQ:KFRC) shares. $392,108 worth of Kforce Inc. (NASDAQ:KFRC) was sold by Mitchell Kye L. on Monday, February 12. Shares for $162,650 were sold by ALLRED JOHN on Monday, May 7. Shares for $204,569 were sold by BLACKMAN MICHAEL R.

The stock of Kforce Inc. (NASDAQ:KFRC) hit a new 52-week high and has $38.72 target or 8.00 % above today’s $35.85 share price. The 5 months bullish chart indicates low risk for the $884.35 million company. The 1-year high was reported on Jun, 14 by Barchart.com. If the $38.72 price target is reached, the company will be worth $70.75 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock.

The stock increased 1.27% or $0.45 during the last trading session, reaching $35.85. About 136,443 shares traded. Kforce Inc. (NASDAQ:KFRC) has risen 75.81% since June 14, 2017 and is uptrending. It has outperformed by 63.24% the S&P500.

Analysts await Kforce Inc. (NASDAQ:KFRC) to report earnings on August, 7. They expect $0.63 earnings per share, up 43.18 % or $0.19 from last year’s $0.44 per share. KFRC’s profit will be $15.54 million for 14.23 P/E if the $0.63 EPS becomes a reality. After $0.37 actual earnings per share reported by Kforce Inc. for the previous quarter, Wall Street now forecasts 70.27 % EPS growth.

Kforce Inc. (NASDAQ:KFRC) Ratings Coverage

Among 3 analysts covering Kforce (NASDAQ:KFRC), 1 have Buy rating, 0 Sell and 2 Hold. Therefore 33% are positive. Kforce had 4 analyst reports since January 31, 2018 according to SRatingsIntel. As per Wednesday, January 31, the company rating was maintained by SunTrust. The rating was maintained by Northcoast on Tuesday, February 6 with “Buy”. The firm has “Outperform” rating given on Wednesday, February 7 by Robert W. Baird. Northcoast downgraded Kforce Inc. (NASDAQ:KFRC) on Friday, June 1 to “Hold” rating.

More recent Kforce Inc. (NASDAQ:KFRC) news were published by: Bizjournals.com which released: “Kforce names new CEO for key unit” on June 14, 2018. Also Nasdaq.com published the news titled: “Kforce Government Solutions, Inc. Appoints Maureen Coyle as Chief Executive Officer” on June 13, 2018. Nasdaq.com‘s news article titled: “Report: Exploring Fundamental Drivers Behind Titan Machinery, Kforce, Liberty Media, Daktronics, SPX, and Tallgrass …” with publication date: May 29, 2018 was also an interesting one.

Kforce Inc. provides professional and technical specialty staffing services and solutions in the United States and internationally. The company has market cap of $884.35 million. It operates through three divisions: Technology , Finance and Accounting (FA), and Government Solutions (GS). It has a 27.58 P/E ratio. The Tech segment provides temporary staffing and permanent placement services to its clients primarily in the areas of information technology, such as systems/applications architecture and development, project management, enterprise data management, business intelligence, e-commerce, technology infrastructure, network architecture, and security.

Kforce Inc. (NASDAQ:KFRC) Institutional Positions Chart

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