Company shares are trading at $20.95 a tad above $19.72, the stock’s 50 day moving average and slightly over the 200 day moving average of $19.28. The 50 day moving average was up $1.23 or +6.23% and the 200 day average was up $1.67. Trading was heavy with 146K shares changing hands on Tuesday. Trading volume was up 60.74% over the stocks average daily volume.
Traders are feeling more bullish of late if you take a look at the change in short interest. The firm experienced a fall in short interest of -10.81% as of October 13, 2017 from the last reporting period. Short shares decreased from 244,958 to 218,490 over that timeframe. With short interest at 218,490 and short average daily volume at 107,042, the short-interest ratio is 2.0 and the percentage of shorted shares was 0.01% on October 13.
Kforce, Inc. (NASDAQ:KFRC) has been the object of insider selling activity recently. Ralph Struzziero, Director sold $18,260 worth of shares at an average price of $18.26 on September 11th. That brings Struzziero’s holdings to $1,045,641 as recorded in a recent Form 4 SEC filing.
These firms have modified their investment in KFRC. As of quarter end Shell Asset Management CO had sold a total of 200 shares trimming its position 1.7%. The value of the investment in Kforce, Inc. increased from $236,000 to $239,000 a change of $3,000 for the reporting period. Bowling Portfolio Management LLC cut its position by selling 15,512 shares a decrease of 61.0%. Bowling Portfolio Management LLC now holds 9,930 shares valued at $201,000. The value of the position overall is down by 59.7%.
As of the end of the quarter Tributary Capital Management, LLC had disposed of 2,418 shares trimming its holdings by 0.3%. The value of the investment in KFRC went from $15,230,000 to $15,647,000 increasing 2.7% quarter over quarter. As of the end of the quarter Nationwide Fund Advisors had acquired a total of 3,292 shares growing its stake by 7.5%. The value in dollars went from $859,000 to $951,000 a change of 10.7% since the last quarter.
On October 11 the company was set at “Hold” according to a SunTrust Robinson Humphrey report which is down from the previous “Buy” rating.
The company is up from yesterday’s close of $20.95. Additionally the company recently announced a dividend that was paid on Friday September 22nd, 2017. The dividend was $0.120 per share for the quarter which comes to $0.48 on an annualized basis. The dividend yield was $2.31. The ex-dividend date was Thursday the 7th of September 2017.
The most current P/E ratio is 15.27 and the market cap is 529.83M. As of the last earnings report the EPS was $1.37 and is expected to be $1.51 for the current year with 25,290,000 shares outstanding. Analysts expect next quarter’s EPS will be $0.39 and the next full year EPS is projected to be $1.64.
Kforce Inc. (Kforce), launched on August 19, 1994, is involved in providing professional and technical specialty staffing services and solutions. The Company operates through three segments, which include Technology (Tech), Finance and Accounting (FA) and Government Solutions (GS). The Business’s Tech segment includes the operations of its subsidiary Kforce Global Solutions, Inc. The FA segment is involved 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 involved 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 field offices located throughout the United States and one office in Manila, the Philippines. The Company offers various staffing services that consist of temporary staffing services (Flex) and permanent placement services (Direct Hire). The Business’s Flex business provides its clients with individuals on a temporary basis. It recruits consultants from the job boards, Kforce.com, from social media networks and from passive candidate marketing. Its Direct Hire business involves locating individuals for permanent placement with its clients..