Kforce Inc. $KFRC Shares Acquired by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of Kforce Inc. (NASDAQ:KFRC) by 8.1% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 15,156 shares of the business services provider’s stock after buying an additional 1,137 shares during the quarter. Mirae Asset Global Investments Co. Ltd. owned approximately 0.08% of Kforce worth $623,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also made changes to their positions in the company. Bank of New York Mellon Corp grew its position in shares of Kforce by 0.3% during the first quarter. Bank of New York Mellon Corp now owns 149,463 shares of the business services provider’s stock worth $7,307,000 after buying an additional 492 shares in the last quarter. Envestnet Asset Management Inc. lifted its stake in Kforce by 5.4% during the first quarter. Envestnet Asset Management Inc. now owns 175,433 shares of the business services provider’s stock worth $8,577,000 after purchasing an additional 8,995 shares during the last quarter. Janney Montgomery Scott LLC lifted its stake in Kforce by 3.8% during the first quarter. Janney Montgomery Scott LLC now owns 35,834 shares of the business services provider’s stock worth $1,752,000 after purchasing an additional 1,311 shares during the last quarter. GAMMA Investing LLC lifted its stake in Kforce by 21,725.0% during the first quarter. GAMMA Investing LLC now owns 6,111 shares of the business services provider’s stock worth $299,000 after purchasing an additional 6,083 shares during the last quarter. Finally, Rhumbline Advisers lifted its stake in Kforce by 18.1% during the first 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 last quarter. Institutional investors and hedge funds own 92.77% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on KFRC. UBS Group reduced their price objective on Kforce from $45.00 to $40.00 and set a “neutral” rating on the stock in a research note on Wednesday, July 30th. Truist Financial reduced their price objective on Kforce from $50.00 to $46.00 and set a “hold” rating on the stock in a research note on Tuesday, July 29th. Finally, Zacks Research upgraded Kforce from a “strong sell” rating to a “hold” rating in a research note on Monday, September 29th. One equities research analyst has rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $52.33.

Kforce Price Performance

Shares of NASDAQ KFRC opened at $27.75 on Friday. Kforce Inc. has a fifty-two week low of $27.60 and a fifty-two week high of $62.80. The firm’s 50-day simple moving average is $31.21 and its 200 day simple moving average is $38.56. The company has a quick ratio of 2.06, a current ratio of 2.06 and a debt-to-equity ratio of 0.16. The stock has a market cap of $516.12 million, a P/E ratio of 10.35 and a beta of 0.66.

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

Kforce Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 26th. Investors of record on Friday, September 12th were paid a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a dividend yield of 5.6%. The ex-dividend date was Friday, September 12th. Kforce’s payout ratio is currently 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.