After Touching 52-Week High, Is Kforce Inc. (KFRC)’s Near-Term Analysis Positive?

June 18, 2018 - By Henry Gaston

Kforce Inc. (NASDAQ:KFRC) Logo

Investors sentiment increased to 1.31 in Q1 2018. 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.
Renaissance Techs Ltd Llc holds 61,149 shares. Vanguard Group has invested 0% in Kforce Inc. (NASDAQ:KFRC). Cortina Asset Limited Liability invested in 126,957 shares or 0.17% of the stock. Kestrel Investment Mngmt Corp reported 160,550 shares stake. Wells Fargo Commerce Mn reported 90,777 shares. Pitcairn invested in 0.03% or 9,111 shares. Ativo Capital Ltd Limited Liability Company, Illinois-based fund reported 36,110 shares. Dubuque Comml Bank And Tru Communications invested in 0.04% or 10,287 shares. Macquarie Grp Limited holds 1.54 million shares or 0.08% of its portfolio. Metropolitan Life Insurance Communications New York, a New York-based fund reported 8,285 shares. Hancock stated it has 0.34% of its portfolio in Kforce Inc. (NASDAQ:KFRC). California State Teachers Retirement holds 35,607 shares. Alliancebernstein Lp holds 19,500 shares. Citadel Advsrs holds 105,136 shares or 0% of its portfolio. Lsv Asset Management reported 335,533 shares.

Since January 3, 2018, it had 0 insider purchases, and 21 selling transactions for $7.33 million activity. DUNKEL DAVID L had sold 6,271 shares worth $169,317. BLACKMAN MICHAEL R sold $11,470 worth of Kforce Inc. (NASDAQ:KFRC) on Wednesday, January 3. $135,900 worth of Kforce Inc. (NASDAQ:KFRC) shares were sold by ROSEN ELAINE. 1,229 shares were sold by STRUZZIERO RALPH, worth $33,244 on Monday, January 8. The insider Mitchell Kye L. sold $392,108. Shares for $71,625 were sold by ALLRED JOHN on Friday, March 9.

The stock of Kforce Inc. (NASDAQ:KFRC) hit a new 52-week high and has $38.06 target or 5.00 % above today’s $36.25 share price. The 9 months bullish chart indicates low risk for the $894.22M company. The 1-year high was reported on Jun, 18 by Barchart.com. If the $38.06 price target is reached, the company will be worth $44.71 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 decreased 1.09% or $0.4 during the last trading session, reaching $36.25. About 115,938 shares traded. Kforce Inc. (NASDAQ:KFRC) has risen 75.81% since June 18, 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 EPS, up 43.18 % or $0.19 from last year’s $0.44 per share. KFRC’s profit will be $15.54M for 14.38 P/E if the $0.63 EPS becomes a reality. After $0.37 actual EPS 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. SunTrust maintained the shares of KFRC in report on Wednesday, January 31 with “Hold” rating. The firm earned “Outperform” rating on Wednesday, February 7 by Robert W. Baird. The firm has “Hold” rating by Northcoast given on Friday, June 1. The stock of Kforce Inc. (NASDAQ:KFRC) has “Buy” rating given on Tuesday, February 6 by Northcoast.

More recent Kforce Inc. (NASDAQ:KFRC) news were published by: Nasdaq.com which released: “Kforce Government Solutions, Inc. Appoints Maureen Coyle as Chief Executive Officer” on June 13, 2018. Also Bizjournals.com published the news titled: “Kforce names new CEO for key unit” on June 14, 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 $894.22 million. It operates through three divisions: Technology , Finance and Accounting (FA), and Government Solutions (GS). It has a 25.19 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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