Kforce (NASDAQ:KFRC) Cut to “Hold” at Zacks Research

Zacks Research cut shares of Kforce (NASDAQ:KFRC) from a strong-buy rating to a hold rating in a report published on Wednesday,Zacks.com reports.

Other analysts have also recently issued research reports about the stock. UBS Group cut their target price on shares of Kforce from $40.00 to $34.50 and set a “neutral” rating for the company in a research note on Wednesday, November 5th. Truist Financial lifted their price objective on Kforce from $35.00 to $38.00 and gave the stock a “hold” rating in a report on Tuesday. Three equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $36.25.

Kforce Stock Up 7.9%

Kforce stock opened at $35.53 on Wednesday. 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 stock has a market capitalization of $644.46 million, a PE ratio of 13.26 and a beta of 0.55. The business has a 50 day simple moving average of $31.84 and a 200-day simple moving average of $31.88. Kforce has a 12 month low of $24.49 and a 12 month high of $56.64.

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

Institutional Inflows and Outflows

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