Kforce Inc. (KFRC): Is it worth Buying?

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Kforce Inc. (NASDAQ:KFRC) changes shares on Tuesday trading session, with a change of 1.59% or $0.46 shares. The trading starts at $29.04 and closed at $29.00 throughout the day. The trading session low price was $29.04 and day high was $29.67 on Tuesday, August 04. After the session, the Industrials sector daily volume shifted to 0.13 million while its average volume is 135.09K. In other hand, the KFRC market cap reached to $651.07M. While, its current target price is $31.75.

On June 25, 2020, Austria probes AMS management over alleged market manipulation. According to the news reported on Reuters, Austria’s financial markets watchdog FMA is investigating AMS’ top management on suspicion of illegal share transactions during the ongoing takeover of Osram, a spokesman said on Thursday.

Checking out the performance report which defines the increase or decrease of prices for a specific period. For the last 5 trading sessions, its performance is up 4.36% and up 2.15% for month. Its quarterly performance was -1.27% below, while its half year performance is down -21.17%. KFRC yearly performance stood at negative -11.53% and fall -25.79% for year-to-date. Current recommendation for Kforce Inc. is 2.70.

Earnings per share or EPS is an important financial measure, which defines the profitability of a company. KFRC EPS (TTM) for 12-month is 2.41. EPS for this year is 13.90%, while for the next year its value is 2.05. Sales growth for the current quarter is 0.81 while its EPS Q/Q reached 30.70%. It has an EPS of 19.90% up for past five years and for the next five years will be up 15.00%.

Let’s take a look on the analyst recommendations on KFRC for the current month and previous month. For the current month, 0 of 6 analysts recommend stock as Buy while 0 as Sell, 1 as overweight, 0 as underweight and 5 as Hold. As compared with the previous month ratings, 0 analysts participate in stock recommendation. Out of 0, 0 rated it sell, 0 rated it as Buy and 0 as Hold Ratings. On the other hand, target price ranges from $30.00 – $33.00. Average target price for KFRC was reached at $31.75.

Vanguard Group, Inc. (The), Blackrock Inc. and Dimensional Fund Advisors LP are the top three holders in Kforce Inc. (KFRC) stock. On Mar 30, 2020, Vanguard Group, Inc. (The) has 2.35 million shares which valued 60.07 million. On Mar 30, 2020, Blackrock Inc. owned 2.19 million shares which valued at 55.97 million. On Mar 30, 2020, Dimensional Fund Advisors LP has a total of 1.18 million shares which valued at 30.16 million. In the end, Dimensional Fund Advisors LP have 5.38% shares outstanding of Kforce Inc. (KFRC) on Mar 30, 2020. The insider ownership moved to 5.50% and institutional holding shifted to 83.80%.

The company posted an EPS (TTM) of 2.41. According to the most recent quarter report on (Jun 2020), 6 analysts estimated an average EPS of 0.31, while 0.66 EPS posted a year ago period. Analyst Estimated EPS for KFRC published in the report was $0.22 – $0.51 during the same period. Comparing with last year, the average estimated EPS was 0.66 which is higher than 0.42 which was posted for recent quarter EPS.

A brief look on simple moving average (SMA) that determines the market price can impact a market. The SMA for KFRC fall -10.95% for period of 200 days. SMA for 50 days was 1.21% which is showing green signal, while SMA-20 was 5.20%. The moving average value for Kforce Inc. (KFRC) is 29.86 and 28.24 for 200 and 50 days respectively.

Let’s take a look on the insider transactions, in which multiple shareholders are showing interest in KFRC stock. On Jun 22, Mitchell Kye L., Chief Operations Officer, sold 7,142 trading shares at the cost of $27.43, which valued at 0.2 million. On Jun 17, LIBERATORE JOSEPH J, President, sold 38,315 shares at the cost of $29.76, with total shares of 155,949. On Jun 08, DUNKEL DAVID L, Chief Executive Officer, sold 1,400 shares at the cost of 33.06. After this transaction, DUNKEL DAVID L total shares reached to 861,741 which valued at 46284.0.