Kforce (NASDAQ:KFRC) Share Price Passes Above 200-Day Moving Average – Here’s Why

Kforce Inc. (NASDAQ:KFRC)’s share price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $32.21 and traded as high as $35.55. Kforce shares last traded at $34.80, with a volume of 122,037 shares.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on KFRC. Truist Financial dropped their target price on Kforce from $46.00 to $35.00 and set a “hold” rating on the stock in a report on Monday, October 13th. UBS Group dropped their price objective on shares of Kforce from $40.00 to $34.50 and set a “neutral” rating on the stock in a research note on Wednesday, November 5th. Finally, Zacks Research raised 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 issued a Hold rating to the stock. According to MarketBeat.com, Kforce presently has a consensus rating of “Moderate Buy” and an average target price of $34.75.

Kforce Stock Performance

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 stock has a market cap of $631.31 million, a P/E ratio of 12.99 and a beta of 0.55. The firm’s 50-day moving average is $31.33 and its two-hundred day moving average is $32.21.

Kforce (NASDAQ:KFRC) last announced its quarterly earnings results on Monday, November 3rd. The business services provider reported $0.63 EPS for the quarter, topping the consensus estimate 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 analyst estimates of $328.34 million. During the same quarter in the prior year, the business posted $0.75 EPS. Kforce’s quarterly revenue was down 5.9% on a year-over-year basis. Kforce has set its Q4 2025 guidance at 0.430-0.510 EPS. As a group, research analysts expect that Kforce Inc. will post 2.7 EPS for the current year.

Kforce Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, December 19th. Investors of record on Friday, December 5th were issued a $0.39 dividend. This represents a $1.56 annualized dividend and a yield of 4.5%. The ex-dividend date was Friday, December 5th. Kforce’s payout ratio is 68.72%.

Hedge Funds Weigh In On Kforce

A number of institutional investors have recently modified their holdings of the company. AQR Capital Management LLC lifted its stake in shares of Kforce by 9.7% in the first quarter. AQR Capital Management LLC now owns 22,785 shares of the business services provider’s stock worth $1,114,000 after buying an additional 2,017 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Kforce by 4.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 10,841 shares of the business services provider’s stock worth $530,000 after acquiring an additional 474 shares during the period. Millennium Management LLC lifted its position in Kforce by 3.5% during the 1st quarter. Millennium Management LLC now owns 133,829 shares of the business services provider’s stock worth $6,543,000 after acquiring an additional 4,511 shares during the last quarter. Goldman Sachs Group Inc. boosted its holdings in Kforce by 64.9% during the first quarter. Goldman Sachs Group Inc. now owns 251,712 shares of the business services provider’s stock valued at $12,306,000 after acquiring an additional 99,050 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in shares of Kforce by 5.8% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 39,416 shares of the business services provider’s stock valued at $1,927,000 after purchasing an additional 2,159 shares during the last quarter. Institutional investors own 92.77% of the company’s stock.

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.