Noteworthy Price Action: Could Kforce Inc. Change Direction After Today’s Significant Increase?

Noteworthy Price Action: Could Kforce Inc. Change Direction After Today's Significant Increase?

The stock of Kforce Inc. (NASDAQ:KFRC) is a huge mover today! About 190,438 shares traded hands or 37.77% up from the average. Kforce Inc. (NASDAQ:KFRC) has risen 21.50% since February 26, 2016 and is uptrending. It has outperformed by 11.07% the S&P500.
The move comes after 8 months positive chart setup for the $560.44M company. It was reported on Oct, 1 by We have $30.32 PT which if reached, will make NASDAQ:KFRC worth $274.62M more.

Analysts await Kforce Inc. (NASDAQ:KFRC) to report earnings on November, 1. They expect $0.41 EPS, down 14.58% or $0.07 from last year’s $0.48 per share. KFRC’s profit will be $11.29M for 12.41 P/E if the $0.41 EPS becomes a reality. After $0.41 actual EPS reported by Kforce Inc. for the previous quarter, Wall Street now forecasts 0.00% EPS growth.

Kforce Inc. (NASDAQ:KFRC) Ratings Coverage

Out of 2 analysts covering (NASDAQ:KFRC), 1 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 50% are positive. has been the topic of 2 analyst reports since November 4, 2015 according to StockzIntelligence Inc. The stock of Kforce Inc. (NASDAQ:KFRC) has “Hold” rating given on Thursday, August 18 by Deutsche Bank.

According to Zacks Investment Research, “ is a full-service, web-based specialty staffing firm providing flexible and permanent staffing solutions for organizations and career management for individuals in the specialty skill areas of information technology, finance & accounting, human resources, engineering, pharmaceutical, health care, legal, e-solutions consulting, scientific and insurance and investments. offers web-based services including online resumes and job postings, interactive interviews and job placements and career management strategies (company press release).”

Insitutional Activity: The institutional sentiment decreased to 1.18 in 2016 Q2. Its down 0.23, from 1.41 in 2016Q1. The ratio dived, as 23 funds sold all Kforce Inc. shares owned while 39 reduced positions. 24 funds bought stakes while 49 increased positions. They now own 22.34 million shares or 0.04% more from 22.33 million shares in 2016Q1.
Paradigm Capital Mngmt Ny reported 136,050 shares or 0.28% of all its holdings. Parallax Volatility Advisers Lp accumulated 998 shares or 0% of the stock. Vanguard Group accumulated 0% or 1.97 million shares. Convergence Partners Ltd Limited Liability Company accumulated 0.18% or 79,520 shares. Moreover, Allianz Asset Management Ag has 0% invested in Kforce Inc. (NASDAQ:KFRC) for 95,245 shares. California State Teachers Retirement Systems last reported 0% of its portfolio in the stock. Moreover, Parametric Portfolio Associates Limited Liability Company has 0% invested in Kforce Inc. (NASDAQ:KFRC) for 80,394 shares. Blackrock Fund Advisors accumulated 581,464 shares or 0% of the stock. The Kansas-based Creative Planning has invested 0% in Kforce Inc. (NASDAQ:KFRC). Pub Employees Retirement Association Of Colorado accumulated 0.07% or 514,754 shares. The California-based Wells Fargo And Company Mn has invested 0% in Kforce Inc. (NASDAQ:KFRC). Dean Mngmt has 1.79% invested in the company for 77,255 shares. Blackrock last reported 0% of its portfolio in the stock. Rhumbline Advisers last reported 0% of its portfolio in the stock. Systematic Finance Mngmt Lp reported 75,690 shares or 0.02% of all its holdings.

Insider Transactions: Since June 6, 2016, the stock had 0 buys, and 6 selling transactions for $1.76 million net activity. LIBERATORE JOSEPH J had sold 75,000 shares worth $1.36 million. The insider Edmund Robert William sold 835 shares worth $16,167. 5,000 shares were sold by TUNSTALL GORDON, worth $93,440 on Friday, August 19. Shares for $73,972 were sold by Mitchell Kye L.. $109,303 worth of Kforce Inc. (NASDAQ:KFRC) shares were sold by Neal Jeffrey T..

Another recent and important Kforce Inc. (NASDAQ:KFRC) news was published by which published an article titled: “Kforce Inc. Schedules Second Quarter 2016 Earnings Release and Conference Call” on July 07, 2016.

KFRC Company Profile

Kforce Inc. (Kforce), incorporated on August 19, 1994, is engaged in providing professional and technical specialty staffing services and solutions. The Firm operates through three divisions, which include Technology (Tech), Finance and Accounting (FA) and Government Solutions (GS). The Company’s Tech segment includes the activities of its subsidiary Kforce Global Solutions, Inc. The FA segment is engaged in providing both temporary staffing and permanent placement services to its clients in areas, such as general accounting, business analysis and others. The GS segment is engaged in providing services and solutions to the Federal Government as both a prime contractor and a subcontractor in the fields of information technology, and finance and accounting. Kforce operates through approximately 60 field offices located throughout the United States and over one office in Manila, Philippines.

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