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KFRC Buyback image

Kforce Inc. Buyback

OLI recorded this information on 3/18/2020

Company: Kforce Inc.
Buyback: KFRC buyback
$Amount Authorized: $100,000,000
Buyback Details: Kforce Inc. (Nasdaq: KFRC), a provider of professional staffing services and solutions, today announced several steps Kforce has taken against the current market backdrop. David M. Kelly, Chief Financial Officer, said, "Last week, we took a proactive measure to mitigate liquidity risk for the Firm and secured $100 million in debt at a historically low interest rate of 1.86% under our existing Credit Facility for a period of up to five years. In addition, our Board of Directors approved an increase in aggregate remaining share repurchase authorization to $100 million, an increase of roughly $70 million. We also entered into a corporate 10b5-1 trading plan, which allows us to repurchase stock through the duration of our current blackout period."

Kforce is a provider of technology and finance and accounting talent solutions. Co. operates two segments, which consist of Technology (Tech) and Finance and Accounting (FA). Within its technology business, Co. provides services to clients in a variety of industries with footprint in, among others, financial and business services, communications, insurance, retail and technology. Within its FA Business, Co. provides services to clients in a variety of industries with footprint in, among others, the financial services, business services, healthcare and manufacturing sectors.

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KFRC — Key Stats (updated 23 hours, 36 minutes ago)
Company Name:  Kforce Inc.
Stock buyback:  KFRC buyback
Website:  www.kforce.com
Sector:  Business Services & Equipment
Number of ETFs Holding KFRC:  29
Total Market Value Held by ETFs:  $157.06M
Total Market Capitalization:  $1.25B
% of Market Cap. Held by ETFs:  12.54%
 

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May 1, 2024  •  10:10 AM Eastern
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Avg. Broker Rec.

Hold (2.33 out of 4)
0th percentile
(ranked lower than approx. 100% of all stocks covered)

Analysts' Target Price:
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