Kforce (NASDAQ:KFRC) Hits New 1-Year Low Following Analyst Downgrade

Kforce Inc. (NASDAQ:KFRC) reached a new 52-week low on Tuesday after Truist Financial lowered their price target on the stock from $46.00 to $35.00. Truist Financial currently has a hold rating on the stock. Kforce traded as low as $27.57 and last traded at $27.91, with a volume of 16886 shares. The stock had previously closed at $27.92.

A number of other research analysts have also recently weighed in on KFRC. Zacks Research upgraded Kforce from a “strong sell” rating to a “hold” rating in a report on Monday, September 29th. UBS Group cut their price objective on Kforce from $45.00 to $40.00 and set a “neutral” rating on the stock in a research report on Wednesday, July 30th. Three equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, Kforce presently has a consensus rating of “Hold” and a consensus target price of $37.50.

Institutional Investors Weigh In On Kforce

A number of hedge funds have recently bought and sold shares of the business. Advisors Asset Management Inc. raised its position in shares of Kforce by 6.5% in the 2nd quarter. Advisors Asset Management Inc. now owns 6,285 shares of the business services provider’s stock valued at $259,000 after purchasing an additional 384 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of Kforce by 4.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 10,841 shares of the business services provider’s stock worth $530,000 after buying an additional 474 shares during the last quarter. PNC Financial Services Group Inc. raised its holdings in Kforce by 18.8% in the first quarter. PNC Financial Services Group Inc. now owns 3,027 shares of the business services provider’s stock valued at $148,000 after acquiring an additional 480 shares in the last quarter. Bank of New York Mellon Corp boosted its stake 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 valued at $7,307,000 after acquiring an additional 492 shares during the last quarter. Finally, Police & Firemen s Retirement System of New Jersey boosted its stake in Kforce by 14.7% during the 2nd quarter. Police & Firemen s Retirement System of New Jersey now owns 4,339 shares of the business services provider’s stock valued at $178,000 after acquiring an additional 556 shares during the last quarter. Institutional investors and hedge funds own 92.77% of the company’s stock.

Kforce Stock Performance

The company’s fifty day simple moving average is $30.96 and its two-hundred day simple moving average is $38.19. The company has a market capitalization of $525.42 million, a price-to-earnings ratio of 10.54 and a beta of 0.66. 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 issued its earnings results on Monday, July 28th. The business services provider reported $0.59 earnings per share (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 analyst estimates of $333.78 million. Kforce had a net margin of 3.59% and a return on equity of 30.34%. The business’s revenue for the quarter was down 6.2% compared to the same quarter last year. During the same quarter last year, the company posted $0.75 EPS. Kforce has set its Q3 2025 guidance at 0.530-0.61 EPS. Equities research analysts predict that Kforce Inc. will post 2.7 earnings per share for the current fiscal year.

Kforce Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 26th. Shareholders of record on Friday, September 12th were issued a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a yield of 5.5%. The ex-dividend date of this dividend 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.