Raymond James Financial Inc. Has $4.38 Million Holdings in Kforce Inc. $KFRC

Raymond James Financial Inc. lowered its position in shares of Kforce Inc. (NASDAQ:KFRC) by 1.3% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 89,541 shares of the business services provider’s stock after selling 1,214 shares during the period. Raymond James Financial Inc. owned about 0.48% of Kforce worth $4,378,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of KFRC. PNC Financial Services Group Inc. grew its holdings in shares of Kforce by 18.8% during the first quarter. PNC Financial Services Group Inc. now owns 3,027 shares of the business services provider’s stock worth $148,000 after purchasing an additional 480 shares during the last quarter. Bank of New York Mellon Corp grew its holdings in Kforce by 0.3% during the 1st quarter. Bank of New York Mellon Corp now owns 149,463 shares of the business services provider’s stock worth $7,307,000 after acquiring an additional 492 shares during the last quarter. Tower Research Capital LLC TRC grew its stake in shares of Kforce by 147.3% in the fourth quarter. Tower Research Capital LLC TRC now owns 1,118 shares of the business services provider’s stock worth $63,000 after purchasing an additional 666 shares during the last quarter. Signaturefd LLC grew its stake in shares of Kforce by 1,069.1% in the first quarter. Signaturefd LLC now owns 795 shares of the business services provider’s stock worth $39,000 after purchasing an additional 727 shares during the last quarter. Finally, Meeder Asset Management Inc. grew its stake in shares of Kforce by 336.1% in the first quarter. Meeder Asset Management Inc. now owns 955 shares of the business services provider’s stock worth $47,000 after purchasing an additional 736 shares during the last quarter. Institutional investors own 92.77% of the company’s stock.

Wall Street Analyst Weigh In

KFRC has been the topic of several analyst reports. Truist Financial reduced their price objective on shares of Kforce from $50.00 to $46.00 and set a “hold” rating on the stock in a research note on Tuesday, July 29th. UBS Group reduced their price target on Kforce from $45.00 to $40.00 and set a “neutral” rating on the stock in a research report on Wednesday, July 30th. One equities research analyst has rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $52.33.

Kforce Stock Up 0.7%

Shares of Kforce stock opened at $32.08 on Friday. Kforce Inc. has a one year low of $30.44 and a one year high of $64.07. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.06 and a quick ratio of 2.06. The stock’s 50-day moving average is $37.39 and its 200 day moving average is $41.96. The firm has a market cap of $596.64 million, a price-to-earnings ratio of 11.97 and a beta of 0.68.

Kforce (NASDAQ:KFRC) last announced its earnings results on Monday, July 28th. The business services provider reported $0.59 EPS for the quarter, missing the consensus estimate of $0.60 by ($0.01). The business had revenue of $334.32 million for the quarter, compared to the consensus estimate of $333.78 million. Kforce had a net margin of 3.59% and a return on equity of 30.34%. The firm’s revenue for the quarter was down 6.2% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.75 EPS. Kforce has set its Q3 2025 guidance at 0.530-0.61 EPS. Equities research analysts anticipate that Kforce Inc. will post 2.7 EPS for the current year.

Kforce Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, September 26th. Investors of record on Friday, September 12th will be paid a dividend of $0.39 per share. The ex-dividend date of this dividend is Friday, September 12th. This represents a $1.56 annualized dividend and a yield of 4.9%. Kforce’s dividend payout ratio is currently 65.27%.

Kforce Profile

Kforce Inc provides professional staffing services and solutions in the United States. It operates through two segments, Technology, and Finance and Accounting (FA). The Technology segment provides talent solutions to its clients primarily in the areas of information technology, such as systems/applications architecture and development, data management and analytics, business and artificial intelligence, machine learning, project and program management, and network architecture and security.