Kforce (NASDAQ:KFRC) Upgraded at Zacks Research

Zacks Research upgraded shares of Kforce (NASDAQ:KFRC) from a hold rating to a strong-buy rating in a research note published on Tuesday,Zacks.com reports.

Several other brokerages also recently weighed in on KFRC. UBS Group lowered their price target on Kforce from $40.00 to $34.50 and set a “neutral” rating for the company in a report on Wednesday, November 5th. Truist Financial lowered their target price on shares of Kforce from $46.00 to $35.00 and set a “hold” rating for the company in a research note on Monday, October 13th. One investment analyst has rated the stock with a Strong Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, Kforce has an average rating of “Moderate Buy” and a consensus target price of $34.75.

Kforce Price Performance

Shares of KFRC opened at $30.92 on Tuesday. The company has a market cap of $560.88 million, a price-to-earnings ratio of 11.54 and a beta of 0.56. Kforce has a twelve month low of $24.49 and a twelve month high of $57.60. 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 company has a 50 day moving average of $29.72 and a two-hundred day moving average of $33.08.

Kforce (NASDAQ:KFRC) last issued its quarterly earnings results on Monday, November 3rd. The business services provider reported $0.63 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.57 by $0.06. The business had revenue of $332.65 million for the quarter, compared to the consensus estimate of $328.34 million. Kforce had a return on equity of 30.34% and a net margin of 3.59%.The business’s quarterly revenue was down 5.9% on a year-over-year basis. During the same period in the prior year, the firm posted $0.75 earnings per share. Kforce has set its Q4 2025 guidance at 0.430-0.510 EPS. As a group, analysts predict that Kforce will post 2.7 earnings per share for the current fiscal year.

Kforce Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, December 19th. Stockholders of record on Friday, December 5th were paid a $0.39 dividend. The ex-dividend date was Friday, December 5th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 5.0%. Kforce’s dividend payout ratio is presently 68.72%.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. JPMorgan Chase & Co. boosted its position in Kforce by 2.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 17,381 shares of the business services provider’s stock worth $521,000 after purchasing an additional 475 shares in the last quarter. Jacobs Levy Equity Management Inc. lifted its stake in shares of Kforce by 144.5% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 411,706 shares of the business services provider’s stock valued at $12,343,000 after purchasing an additional 243,303 shares during the period. Caxton Associates LLP purchased a new stake in Kforce during the third quarter worth $241,000. Dark Forest Capital Management LP boosted its holdings in Kforce by 12.9% during the third quarter. Dark Forest Capital Management LP now owns 17,312 shares of the business services provider’s stock worth $519,000 after buying an additional 1,975 shares in the last quarter. Finally, Verition Fund Management LLC grew its position in Kforce by 127.6% during the third quarter. Verition Fund Management LLC now owns 30,702 shares of the business services provider’s stock valued at $920,000 after buying an additional 17,214 shares during the period. 92.77% of the stock is currently owned by hedge funds and other institutional investors.

Kforce Company Profile

Kforce Inc is a professional staffing services firm headquartered in Tampa, Florida, trading on NASDAQ under the symbol KFRC. The company specializes in connecting organizations with skilled talent in technology, finance and accounting, and related business functions. Through a nationwide network of offices, Kforce partners with clients across industries to deliver both flexible contract staffing and direct hire placement solutions.

Kforce’s core offerings include temporary staffing, permanent placement, and project-based consulting engagements.