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January 03 2008
Kforce Inc. (NASD: KFRC) said Wednesday it entered into a stock repurchase plan under rule 10b5-1 of the U.S. Securities and Exchange Commission to repurchase stock. The plan allows the company to acquire stock during self-imposed blackout periods prior to the release of its quarterly results, according to Chairman and CEO David Dunkel.
The company has $14.8 million available for the repurchase of shares under previous authorizations. Its shares rose 1.57% to 9.08 in late morning trading today.