Callan Family Office LLC acquired a new position in shares of Kforce Inc. (NASDAQ:KFRC – Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 25,771 shares of the business services provider’s stock, valued at approximately $1,060,000. Callan Family Office LLC owned approximately 0.14% of Kforce as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors have also added to or reduced their stakes in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in Kforce by 4.6% during 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 in the last quarter. PNC Financial Services Group Inc. lifted its holdings in Kforce by 18.8% during the 1st 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 in the last quarter. Bank of New York Mellon Corp raised its holdings in shares of Kforce by 0.3% in the 1st quarter. Bank of New York Mellon Corp now owns 149,463 shares of the business services provider’s stock valued at $7,307,000 after acquiring an additional 492 shares in the last quarter. Signaturefd LLC raised its holdings in shares of Kforce by 1,069.1% in the 1st quarter. Signaturefd LLC now owns 795 shares of the business services provider’s stock valued at $39,000 after acquiring an additional 727 shares in the last quarter. Finally, Meeder Asset Management Inc. raised its holdings in shares of Kforce by 336.1% in the 1st quarter. Meeder Asset Management Inc. now owns 955 shares of the business services provider’s stock valued at $47,000 after acquiring an additional 736 shares in the last quarter. Hedge funds and other institutional investors own 92.77% of the company’s stock.
Analysts Set New Price Targets
Several analysts have weighed in on KFRC shares. Zacks Research raised Kforce from a “strong sell” rating to a “hold” rating in a report on Monday, September 29th. UBS Group lowered their price target on Kforce from $45.00 to $40.00 and set a “neutral” rating on the stock in a report on Wednesday, July 30th. Finally, Truist Financial lowered their price target on Kforce from $50.00 to $46.00 and set a “hold” rating on the stock in a report on Tuesday, July 29th. One investment analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, Kforce has a consensus rating of “Hold” and a consensus price target of $52.33.
Kforce Price Performance
Shares of Kforce stock opened at $27.75 on Monday. 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 business’s 50 day simple moving average is $31.21 and its two-hundred day simple moving average is $38.41. The stock has a market capitalization of $516.12 million, a P/E ratio of 10.35 and a beta of 0.66. Kforce Inc. has a one year low of $27.60 and a one year high of $62.80.
Kforce (NASDAQ:KFRC – Get Free Report) last announced its quarterly earnings results on Monday, July 28th. The business services provider reported $0.59 EPS for the quarter, missing analysts’ consensus estimates of $0.60 by ($0.01). The company had revenue of $334.32 million during the quarter, compared to analysts’ expectations of $333.78 million. Kforce had a return on equity of 30.34% and a net margin of 3.59%.Kforce’s revenue for the quarter was down 6.2% on a year-over-year basis. During the same period last year, the firm earned $0.75 earnings per share. Kforce has set its Q3 2025 guidance at 0.530-0.61 EPS. Analysts forecast that Kforce Inc. will post 2.7 EPS for the current year.
Kforce Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 26th. Stockholders of record on Friday, September 12th were given a $0.39 dividend. 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 dividend payout ratio (DPR) 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.
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