Today Kforce Inc. (KFRC) Stock Reaches 52-Week High

June 14, 2018 - By Dolores Ford

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.
Millennium Mgmt Limited Liability Com stated it has 237,763 shares. 6,848 are held by Citigroup Incorporated. Envestnet Asset Management Incorporated invested in 5,633 shares or 0% of the stock. Goldman Sachs holds 79,006 shares or 0% of its portfolio. Gsa Cap Llp holds 0.06% or 39,880 shares. Frontier Mngmt Company reported 189,835 shares. Morgan Stanley stated it has 105,386 shares or 0% of all its holdings. Bank Of Montreal Can stated it has 0% of its portfolio in Kforce Inc. (NASDAQ:KFRC). Moreover, Wellington Mngmt Ltd Liability Partnership has 0% invested in Kforce Inc. (NASDAQ:KFRC). Convergence Inv Partners Limited Liability invested in 0.13% or 37,642 shares. Public Employees Retirement Sys Of Ohio owns 98,835 shares. Sei Invs Co owns 438 shares or 0% of their US portfolio. Moreover, Credit Suisse Ag has 0% invested in Kforce Inc. (NASDAQ:KFRC). Thrivent For Lutherans reported 184,182 shares. Inv Counselors Of Maryland Ltd Liability stated it has 1.48% in Kforce Inc. (NASDAQ:KFRC).

Since December 15, 2017, it had 0 insider purchases, and 23 selling transactions for $7.58 million activity. DUNKEL DAVID L also sold $100,683 worth of Kforce Inc. (NASDAQ:KFRC) on Monday, January 8. 5,000 shares were sold by ROSEN ELAINE, worth $135,900 on Wednesday, February 14. $495,527 worth of stock was sold by LIBERATORE JOSEPH J on Thursday, May 3. On Monday, May 7 the insider ALLRED JOHN sold $162,650. The insider Mitchell Kye L. sold $392,108. Edmund Robert William sold $191,953 worth of stock.

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. The firm has “Hold” rating by Northcoast given on Friday, June 1. The firm has “Buy” rating given on Tuesday, February 6 by Northcoast. The firm has “Hold” rating given on Wednesday, January 31 by SunTrust. Robert W. Baird maintained the shares of KFRC in report on Wednesday, February 7 with “Outperform” 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: “Report: Exploring Fundamental Drivers Behind Titan Machinery, Kforce, Liberty Media, Daktronics, SPX, and Tallgrass …” on May 29, 2018. Nasdaq.com‘s news article titled: “Kforce Government Solutions, Inc. Appoints Maureen Coyle as Chief Executive Officer” with publication date: June 13, 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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