Deutsche Bank Initiates Coverage on Kforce to Hold

Deutsche Bank Initiates Coverage on Kforce(NASDAQ:KFRC). The shares have been rated Hold. The rating by Deutsche Bank was issued on Aug 18, 2016.

Kforce (KFRC) shares turned negative on Mondays trading session with the shares closing down -0.13 points or -0.66% at a volume of 1,12,053. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $19.71. The peak price level was also seen at $19.71 while the days lowest was $19.49. Finally the shares closed at $19.5. The 52-week high of the shares is $28.84 while the 52-week low is $14.865. According to the latest information available, the market cap of the company is $542 M.

Kforce(KFRC) last announced its earnings results on Aug 2, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $335.05M. Analysts had an estimated revenue of $334.91M. Earnings per share were $0.41. Analysts had estimated an EPS of $0.40.

Several Insider Transactions has been reported to the SEC. On Aug 17, 2016, Joseph J Liberatore (President) sold 75,000 shares at $18.19 per share price.Also, 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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