Voya Investment Management LLC Sells 404 Shares of Kforce Inc. $KFRC

Voya Investment Management LLC lessened its stake in Kforce Inc. (NASDAQ:KFRC) by 7.3% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 5,098 shares of the business services provider’s stock after selling 404 shares during the quarter. Voya Investment Management LLC’s holdings in Kforce were worth $249,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the stock. Rhumbline Advisers raised its holdings in shares of Kforce by 18.1% in the 1st quarter. Rhumbline Advisers now owns 47,349 shares of the business services provider’s stock worth $2,315,000 after purchasing an additional 7,256 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in shares of Kforce by 5.8% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 39,416 shares of the business services provider’s stock worth $1,927,000 after purchasing an additional 2,159 shares during the period. Goldman Sachs Group Inc. raised its holdings in shares of Kforce by 64.9% in the 1st quarter. Goldman Sachs Group Inc. now owns 251,712 shares of the business services provider’s stock worth $12,306,000 after purchasing an additional 99,050 shares during the period. Millennium Management LLC raised its holdings in shares of Kforce by 3.5% in the 1st quarter. Millennium Management LLC now owns 133,829 shares of the business services provider’s stock worth $6,543,000 after purchasing an additional 4,511 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Kforce by 4.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 10,841 shares of the business services provider’s stock worth $530,000 after purchasing an additional 474 shares during the period. Institutional investors own 92.77% of the company’s stock.

Analyst Ratings Changes

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

Kforce Stock Up 0.3%

Shares of NASDAQ:KFRC opened at $29.92 on Tuesday. Kforce Inc. has a 52-week low of $29.33 and a 52-week high of $62.80. The firm has a fifty day moving average of $33.34 and a 200 day moving average of $39.66. The firm has a market capitalization of $556.54 million, a PE ratio of 11.17 and a beta of 0.68. The company has a debt-to-equity ratio of 0.16, a quick ratio of 2.06 and a current ratio of 2.06.

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

Kforce Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 26th. Investors of record on Friday, September 12th were given a $0.39 dividend. The ex-dividend date was Friday, September 12th. This represents a $1.56 annualized dividend and a yield of 5.2%. Kforce’s payout ratio is 65.27%.

Kforce Company 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.