O Shaughnessy Asset Management LLC Sells Shares of Kforce Amidst Defense World Expansion
June 26, 2023
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O Shaughnessy Asset Management LLC has recently sold shares of Kforce Inc ($NASDAQ:KFRC). to Defense World, a firm dedicated to providing comprehensive and accurate analysis of the defense industry. Kforce Inc. is a global professional staffing firm that provides flexible and permanent staffing solutions, including professional recruitment, staffing services and consulting services. Kforce Inc. has been a major player in the defense industry for some time now, providing a variety of staffing solutions ranging from staffing and recruiting, to technology consulting and engineering services. This expansion will allow Kforce Inc. to better serve the needs of its clients in the defense world, while also making them better able to compete in an increasingly competitive market.
Kforce Inc. is continuously striving to remain at the forefront of the industry by offering innovative staffing solutions and technological support for its clients. With the sale of these shares, it appears that Kforce Inc. is now well-positioned to thrive in the defense world for years to come.
Stock Price
On Tuesday, O Shaughnessy Asset Management LLC announced that they had sold shares of KFORCE Inc., a professional staffing and services firm that specializes in technology and finance positions. KFORCE Inc. had opened the day at $58.3 and closed down 0.6% at $58.1, from their closing price of $58.4 the day before. This move is seen as a strategic move to expand KFORCE Inc.’s business offerings, allowing them to tap into a new market and increase their revenues. KFORCE Inc. is confident that this expansion will pay off in the long-term, though it remains to be seen if their gamble will pay off in the short-term. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Kforce Inc. More…
| Total Revenues | Net Income | Net Margin |
| 1.7k | 72.46 | 4.3% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Kforce Inc. More…
| Operations | Investing | Financing |
| 71.12 | -9.12 | -178.45 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Kforce Inc. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 385.15 | 199.43 | 8.89 |
Key Ratios Snapshot
Some of the financial key ratios for Kforce Inc are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 7.8% | 13.5% | 6.6% |
| FCF Margin | ROE | ROA |
| 3.7% | 38.2% | 18.3% |
Analysis
GoodWhale recently analyzed the financials of KFORCE INC and based on our Star Chart, the company is strong in dividend and profitability, and medium in asset and growth. KFORCE INC is classified as a ‘rhino’, meaning that it has achieved moderate revenue or earnings growth. This type of company may be of interest to investors looking for steady income and moderate growth. KFORCE INC is also a very healthy company with a 10/10 health score considering its cashflows and debt. This indicates that the company is capable of riding out any crises without the risk of bankruptcy. Overall, KFORCE INC is a strong company with good dividends and moderate growth, making it an attractive option for investors looking for a solid long-term investment. More…
Peers
The company has a strong presence in the United States, with a large number of employees and clients.
However, Kforce Inc. is not the only staffing and recruiting company in the market. There are a number of other companies that offer similar services, including Hudson Global Inc, Barrett Business Services Inc, and Quess Corp Ltd.
– Hudson Global Inc ($NASDAQ:HSON)
Hudson Global Inc is a staffing and recruitment company that assists businesses with finding the right candidates for their open positions. The company operates in over 20 countries and has a network of over 1,000 offices. Hudson Global Inc has a market cap of 102.67M as of 2022, a Return on Equity of 16.43%. The company has been in business for over 30 years and has a strong reputation in the industry.
– Barrett Business Services Inc ($NASDAQ:BBSI)
Barrett Business Services Inc is a US-based company that provides professional employer organization (PEO) services. PEO services are HR outsourcing solutions that help businesses with employee management, benefits, payroll, and compliance. The company has over 35,000 clients and employs over 100,000 people in the US. Barrett Business Services Inc has a market cap of $622.88M as of 2022 and a Return on Equity of 21.11%. The company has been in business for over 30 years and is a publicly traded company listed on the Nasdaq Stock Exchange.
– Quess Corp Ltd ($BSE:539978)
Quess Corp Ltd is a leading Indian business services provider with a market cap of 80.67B as of 2022. The company offers a range of services including staffing, facilities management, and technology solutions. Quess has a strong presence in India with over 2,000 customers and over 500,000 employees. The company’s return on equity (ROE) is 11.08%, which is significantly higher than the industry average of 9.35%. This indicates that Quess is efficient in generating profits for its shareholders. The company’s strong market position and efficient operations make it a attractive investment option for long-term growth.
Summary
Kforce Inc. is a publicly-traded professional staffing services firm based in Tampa, Florida. O Shaughnessy Asset Management LLC recently sold shares of Kforce Inc., indicating that they have a bearish outlook on the company. The company is also well-positioned to benefit from an increased focus on IT services among businesses of all sizes.
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