Kforce (NASDAQ:KFRC) Shares Up 4.3% – Here’s What Happened

Kforce Inc. (NASDAQ:KFRC)’s stock price rose 4.3% during mid-day trading on Friday . The company traded as high as $34.00 and last traded at $34.3610. Approximately 17,893 shares traded hands during mid-day trading, a decline of 89% from the average daily volume of 163,896 shares. The stock had previously closed at $32.93.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the company. Truist Financial increased their price target on Kforce from $35.00 to $38.00 and gave the company a “hold” rating in a research report on Tuesday, January 27th. UBS Group reduced their target price on shares of Kforce from $40.00 to $34.50 and set a “neutral” rating on the stock in a report on Wednesday, November 5th. Finally, Zacks Research downgraded shares of Kforce from a “strong-buy” rating to a “hold” rating in a research note on Wednesday. Three equities research analysts have rated the stock with a Hold rating, According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $36.25.

Kforce Stock Performance

The firm has a 50 day moving average of $31.84 and a two-hundred day moving average of $31.81. 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 cap of $644.46 million, a PE ratio of 13.26 and a beta of 0.55.

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

Institutional Trading of Kforce

Several institutional investors and hedge funds have recently made changes to their positions in the company. EverSource Wealth Advisors LLC boosted its position in shares of Kforce by 117.7% in the 3rd 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 during the period. State of Alaska Department of Revenue purchased a new stake in Kforce during the 3rd quarter valued at approximately $29,000. Parkside Financial Bank & Trust raised its stake in shares of 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 raised its position in Kforce by 752.7% during the 3rd 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. Finally, Tower Research Capital LLC TRC raised its holdings in Kforce by 273.0% during the second quarter. Tower Research Capital LLC TRC now owns 1,865 shares of the business services provider’s stock worth $77,000 after purchasing an additional 1,365 shares in the last quarter. 92.77% of the stock is owned by hedge funds and other 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.