Kforce (NASDAQ:KFRC) Price Target Raised to $60.00 at Truist Financial

Kforce (NASDAQ:KFRC) had its target price lifted by Truist Financial from $38.00 to $60.00 in a report released on Wednesday morning,Benzinga reports. Truist Financial currently has a hold rating on the business services provider’s stock.

Several other equities research analysts have also recently commented on the stock. Zacks Research cut shares of Kforce from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 29th. Robert W. Baird boosted their price target on shares of Kforce from $40.00 to $42.00 and gave the company an “outperform” rating in a research report on Tuesday, April 28th. Finally, William Blair upgraded shares of Kforce from a “market perform” rating to an “outperform” rating in a research report on Tuesday, April 21st. Two equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $47.00.

Kforce Price Performance

KFRC opened at $57.67 on Wednesday. The company has a debt-to-equity ratio of 0.16, a quick ratio of 2.06 and a current ratio of 2.06. The stock has a market capitalization of $1.03 billion, a PE ratio of 21.52 and a beta of 0.87. The stock’s 50 day moving average price is $48.43 and its 200-day moving average price is $37.70. Kforce has a 52-week low of $24.49 and a 52-week high of $60.70.

Kforce (NASDAQ:KFRC) last announced its quarterly earnings results on Monday, April 27th. The business services provider reported $0.46 EPS for the quarter, topping analysts’ consensus estimates of $0.40 by $0.06. The company had revenue of $330.36 million during the quarter, compared to analyst estimates of $329.32 million. Kforce had a return on equity of 30.34% and a net margin of 3.59%.The firm’s revenue was up .1% on a year-over-year basis. During the same quarter last year, the firm posted $0.45 earnings per share. Kforce has set its Q2 2026 guidance at 0.670-0.750 EPS. On average, equities research analysts predict that Kforce will post 2.7 EPS for the current year.

Kforce Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, June 26th. Investors of record on Friday, June 12th were paid a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 2.8%. The ex-dividend date of this dividend was Friday, June 12th. Kforce’s dividend payout ratio is presently 80.81%.

Hedge Funds Weigh In On Kforce

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Deprince Race & Zollo Inc. grew its position in shares of Kforce by 30.7% in the 4th quarter. Deprince Race & Zollo Inc. now owns 499,733 shares of the business services provider’s stock worth $15,452,000 after buying an additional 117,290 shares during the period. CWM LLC lifted its position in Kforce by 105.2% during the 4th quarter. CWM LLC now owns 20,996 shares of the business services provider’s stock valued at $649,000 after acquiring an additional 10,764 shares during the period. Hsbc Holdings PLC lifted its position in Kforce by 134.2% during the 4th quarter. Hsbc Holdings PLC now owns 38,552 shares of the business services provider’s stock valued at $1,201,000 after acquiring an additional 22,093 shares during the period. Copeland Capital Management LLC boosted its stake in Kforce by 51.5% during the first quarter. Copeland Capital Management LLC now owns 666,331 shares of the business services provider’s stock worth $19,484,000 after acquiring an additional 226,520 shares in the last quarter. Finally, AdvisorShares Investments LLC purchased a new stake in Kforce in the fourth quarter worth about $475,000. Hedge funds and other institutional investors own 92.77% of the company’s stock.

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.