The stock of Kforce Inc. (NASDAQ:KFRC) is a huge mover today! About 119,759 shares traded hands. Kforce Inc. (NASDAQ:KFRC) has declined 3.93% since April 20, 2016 and is downtrending. It has underperformed by 8.49% the S&P500.
The move comes after 5 months positive chart setup for the $565.61M company. It was reported on Nov, 22 by Barchart.com. We have $22.20 PT which if reached, will make NASDAQ:KFRC worth $39.59 million more.
Kforce Inc. (NASDAQ:KFRC) Ratings Coverage
Out of 2 analysts covering Kforce.com (NASDAQ:KFRC), 1 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 50% are positive. Kforce.com has been the topic of 2 analyst reports since November 4, 2015 according to StockzIntelligence Inc. The rating was initiated by Deutsche Bank with “Hold” on Thursday, August 18.
According to Zacks Investment Research, “kforce.com 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. kforce.com 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 1.08 in Q2 2016. Its down 0.10, from 1.18 in 2016Q1. The ratio turned negative, 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.
Pear Tree Advsr Inc owns 119,694 shares or 0.85% of their US portfolio. Blackrock holds 9,109 shares or 0% of its portfolio. Blackrock Japan Commerce accumulated 1,821 shares or 0% of the stock. Perkins Inv Mgmt accumulated 0.14% or 529,422 shares. New York State Common Retirement Fund, a New York-based fund reported 42,692 shares. Springbok Cap Limited Company last reported 0.01% of its portfolio in the stock. The California-based California Employees Retirement Systems has invested 0% in Kforce Inc. (NASDAQ:KFRC). Barclays Public Limited Company reported 1,690 shares or 0% of all its holdings. Cornercap Inv Counsel holds 30,785 shares or 0.1% of its portfolio. Teacher Retirement Of Texas owns 3,440 shares or 0% of their US portfolio. Airain Limited has 14,124 shares for 0.01% of their US portfolio. Century Management accumulated 49,749 shares or 0.09% of the stock. Sei Invests last reported 0% of its portfolio in the stock. Emerald Advisers Inc Pa, a Pennsylvania-based fund reported 21,992 shares. Balyasny Asset Mngmt Ltd Liability Corp accumulated 23,464 shares or 0% of the stock.
Insider Transactions: Since June 6, 2016, the stock had 0 buys, and 8 insider sales for $2.01 million net activity. Mitchell Kye L. had sold 3,732 shares worth $73,972 on Thursday, August 25. Shares for $93,440 were sold by TUNSTALL GORDON on Friday, August 19. 835 Kforce Inc. (NASDAQ:KFRC) shares with value of $16,167 were sold by Edmund Robert William. $109,303 worth of Kforce Inc. (NASDAQ:KFRC) was sold by Neal Jeffrey T. on Thursday, June 9. KELLY DAVID M sold $211,904 worth of Kforce Inc. (NASDAQ:KFRC) on Wednesday, November 9. The insider LIBERATORE JOSEPH J sold 75,000 shares worth $1.36M.
More important recent Kforce Inc. (NASDAQ:KFRC) news were published by: Marketwatch.com which released: “Kforce Inc.” on June 17, 2009, also Globenewswire.com published article titled: “Kforce Inc. Schedules Third Quarter 2016 Earnings Release and Conference Call”, Seekingalpha.com published: “Kforce, Inc. (KFRC) CEO David Dunkel on Q2 2016 Results – Earnings Call Transcript” on August 02, 2016. More interesting news about Kforce Inc. (NASDAQ:KFRC) was released by: Seekingalpha.com and their article: “Kforce, Inc. (KFRC) CEO David Dunkel on Q3 2016 Results – Earnings Call Transcript” with publication date: November 02, 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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