Stock Technical Report on Kforce Inc (NASDAQ:KFRC)

Kforce Inc (NASDAQ:KFRC) (TREND ANALYSIS) shares were traded with a volume more than three times higher than the usual volume. The stock closed last trading session at $22.35, up by 8.18%, with a volume of 505,457 shares against an average volume for the last 3 months of 118,152.

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Kforce Inc (NASDAQ:KFRC) stock is currently trading 10.56% below its 52-week-high, 29.94% above its 52-week-low. The 1-year stock price history is in the range of $17.2 – $24.99. Kforce Inc (KFRC) has a price to earnings ratio of 7.54 versus Services sector average of 19.84. KFRC stock price has underperformed the Nasdaq by 12.5%. The Human Resources company is currently valued at $0.63 billion and its share price closed the last trading session at $22.35. The stock has a 50-day moving average of $22.17 and a 200-day moving average of $22.86.

Kforce Inc (KFRC) current short interest stands at 0.52 million shares. It has increased by 7% from the same period of last month. Around 4% of the company’s shares, which are float, are short sold. With a 10-days average volume of 0.17 million shares, the number of days required to cover the short positions stand at 3.1 days.

The company is expected to announce next quarter earnings on August 03, at consensus estimate of $0.35. Kforce Inc (KFRC) reported last quarter earnings on April 28. The Human Resources company announced earnings per share of $0.2 against a consensus Street estimate of $0.18, beating the average estimate by $0.02. This corresponds to a decrease of $0.01 compared to the same quarter of the previous fiscal year.

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There are currently eight analysts that cover Kforce Inc stock. Of those eight, six have a Buy rating, two have a Hold rating. On a consensus basis this yields to an Overweight rating. The consensus target price stands at $27.43.

A recent analyst activity consisted of SunTrust Robinson Humphrey upgrading their rating to Buy on June 26. SunTrust Robinson Humphrey increased their price target on KFRC from $24 to $27. This corresponds to a 20.81% upside from the last closing price. On the date of report, the stock closed at $22.35.

Avondale Partners upgraded their Market Perform rating to Market Outperform on February 18, and increased their price target on KFRC stock from $24 to $28. This corresponds to a 25.28% upside from the last closing price. On the date of report, the stock closed at $23.55.

From an income perspective, Kforce Inc (KFRC) has a dividend yield of 1.33%. The dividend has remained flat over the last 5 years and the payout ratio stands at 14%.

Company profile

Kforce Inc. is a full-service, professional staffing firm providing flexible and permanent staffing solutions for organizations and career management for individuals. The Company specializes in the areas of information technology, finance and accounting, human resources, engineering, pharmaceuticals, healthcare, legal, and scientific. Kforce operates in North America.

Stock Technical Report on Kforce Inc (NASDAQ:KFRC) was last modified: June 29th, 2015 by Donna Crepeau