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David L. Dunkel, a director at Kforce Inc. (NASDAQ:NYSE:KFRC), has recently increased his stake in the company through a series of stock purchases. On May 5 and May 6, Dunkel acquired a total of 4,000 shares of Kforce common stock. The purchases were made at prices ranging from $37.47 to $37.80 per share, amounting to a total investment of $150,210. The timing appears opportunistic, as InvestingPro data shows the stock is trading significantly below its Fair Value after falling 37.61% over the past six months.
These transactions were executed through the David L. Dunkel Amended and Restated Revocable Living Trust. Following these acquisitions, Dunkel’s total direct and indirect ownership of Kforce stock increased to 520,329 shares, representing a significant position in the $699.55 million market cap company. According to InvestingPro, the stock currently trades at a P/E ratio of 15.12x while offering a 4.14% dividend yield.
Additionally, Dunkel holds 7,271 restricted stock units (RSUs). These RSUs were granted under Kforce’s stock incentive plan and are contingent on his continued service as a director, with vesting scheduled one year from the grant date. The company has maintained dividend payments for 14 consecutive years, with InvestingPro analysis indicating strong cash flows that sufficiently cover interest payments.
In other recent news, Kforce Inc. reported its financial results for the first quarter of 2025, showing a slight miss on earnings per share (EPS) and revenue compared to analysts’ expectations. The company posted an EPS of $0.45, falling short of the forecasted $0.47, and reported revenue of $330 million, which was below the anticipated $334.61 million. Despite these misses, Kforce maintained a strong return on equity exceeding 30%. The company continues to focus on strategic investments in AI and technology, which are seen as key areas for future growth. Analyst discussions during the earnings call highlighted stable bill and pay rates, with a consistent demand for highly skilled talent in areas such as AI, cloud, and digital solutions. Kforce provided guidance for the second quarter of 2025, anticipating revenue between $332 million and $340 million and EPS in the range of $0.57 to $0.65. Looking forward, the company aims for double-digit operating margins upon reaching an annual revenue of $1.7 billion. Despite macroeconomic uncertainties, Kforce remains cautiously optimistic about the demand environment and continues to invest in long-term strategic priorities.
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