Kforce (KFRC) is Initiated by Deutsche Bank to Hold, Price Target at $19

Kforce (KFRC) was Initiated by Deutsche Bank to “Hold” and the brokerage firm has set the Price Target at $19. Deutsche Bank advised their investors in a research report released on Aug 18, 2016.

On the company’s financial health, Kforce reported $0.41 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Aug 2, 2016. Analyst had a consensus of $0.40. The company had revenue of $335.00 million for the quarter, compared to analysts expectations of $334.81 million. The company’s revenue was down -.7 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.41 EPS.

Kforce opened for trading at $18.13 and hit $18.4 on the upside on Wednesday, eventually ending the session at $18.35, with a gain of 1.72% or 0.31 points. The heightened volatility saw the trading volume jump to 3,77,499 shares. Company has a market cap of $510 M.

In a different news, on Aug 17, 2016, Joseph J Liberatore (President) sold 75,000 shares at $18.19 per share price. According to the SEC, on Jun 10, 2016, Jeffrey T. Neal (Chief Marketing Officer) sold 5,666 shares at $19.29 per share price. On Jun 9, 2016, Robert William Edmund (GC & Chief Compliance Officer) sold 835 shares at $19.36 per share price, according to the Form-4 filing with the securities and exchange commission.

Kforce Inc. (Kforce) is engaged in providing professional and technical specialty staffing services and solutions. The Company operates in three segments: Technology Finance and Accounting and Government Solutions. The Company operates the Technology segment through its wholly owned subsidiary Kforce Global Solutions Inc. The Technology segment offers temporary staffing and permanent placement services primarily in the areas of IT. The Finance and Accounting segment provides temporary staffing and permanent placement services in the areas of general accounting and related areas. The Government Solutions segment offers technology and finance and accounting professionals to the Federal Government. The Company offers various Staffing Services that consist of temporary staffing services (Flex) and permanent placement services (Search).


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