Kforce (NASDAQ:KFRC) Given New $38.00 Price Target at Truist Financial

Kforce (NASDAQ:KFRC) had its price objective increased by Truist Financial from $35.00 to $38.00 in a report issued on Tuesday,Benzinga reports. The firm currently has a hold rating on the business services provider’s stock.

A number of other research firms also recently weighed in on KFRC. UBS Group dropped their target price on Kforce from $40.00 to $34.50 and set a “neutral” rating for the company in a report on Wednesday, November 5th. Zacks Research upgraded shares of Kforce from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, December 30th. One equities research analyst has rated the stock with a Strong Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $36.25.

Kforce Trading Down 1.1%

Shares of KFRC stock opened at $34.09 on Tuesday. Kforce has a 12-month low of $24.49 and a 12-month high of $57.30. The company has a market capitalization of $618.37 million, a PE ratio of 12.72 and a beta of 0.55. The firm has a 50 day moving average price of $31.54 and a two-hundred day moving average price of $31.92. The company has a quick ratio of 2.06, a current ratio of 2.06 and a debt-to-equity ratio of 0.16.

Kforce (NASDAQ:KFRC) last posted its earnings results on Monday, November 3rd. The business services provider reported $0.63 EPS for the quarter, beating the consensus estimate of $0.57 by $0.06. The company 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 firm’s revenue for the quarter was down 5.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $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 year.

Kforce Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, December 19th. Investors of record on Friday, December 5th were paid a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a yield of 4.6%. The ex-dividend date of this dividend was Friday, December 5th. Kforce’s payout ratio is 68.72%.

Hedge Funds Weigh In On Kforce

Several hedge funds have recently bought and sold shares of the company. EverSource Wealth Advisors LLC lifted its holdings in shares of Kforce by 117.7% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 910 shares of the business services provider’s stock worth $27,000 after acquiring an additional 492 shares during the period. State of Alaska Department of Revenue acquired a new position in Kforce during the third quarter valued at approximately $29,000. Parkside Financial Bank & Trust lifted its stake in Kforce by 3,756.3% during the second quarter. Parkside Financial Bank & Trust now owns 1,234 shares of the business services provider’s stock worth $51,000 after purchasing an additional 1,202 shares during the last quarter. GAMMA Investing LLC lifted its stake in Kforce by 752.7% during the third quarter. GAMMA Investing LLC now owns 1,441 shares of the business services provider’s stock worth $43,000 after purchasing an additional 1,272 shares during the last quarter. Finally, Tower Research Capital LLC TRC boosted its holdings in shares of Kforce by 273.0% in the 2nd quarter. Tower Research Capital LLC TRC now owns 1,865 shares of the business services provider’s stock valued at $77,000 after purchasing an additional 1,365 shares in the last quarter. 92.77% of the stock is owned by institutional investors.

About Kforce

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.