New York State Common Retirement Fund Buys 47,298 Shares of Kforce Inc. $KFRC

New York State Common Retirement Fund lifted its stake in shares of Kforce Inc. (NASDAQ:KFRC) by 297.5% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 63,194 shares of the business services provider’s stock after acquiring an additional 47,298 shares during the quarter. New York State Common Retirement Fund owned approximately 0.34% of Kforce worth $1,895,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Advisors Asset Management Inc. lifted its holdings in Kforce by 6.5% during the second quarter. Advisors Asset Management Inc. now owns 6,285 shares of the business services provider’s stock valued at $259,000 after purchasing an additional 384 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of Kforce by 4.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 10,841 shares of the business services provider’s stock valued at $530,000 after buying an additional 474 shares in the last quarter. Harbor Capital Advisors Inc. boosted its holdings in Kforce by 10.9% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 5,088 shares of the business services provider’s stock worth $153,000 after buying an additional 500 shares during the period. Police & Firemen s Retirement System of New Jersey increased its stake in Kforce by 14.7% in the 2nd quarter. Police & Firemen s Retirement System of New Jersey now owns 4,339 shares of the business services provider’s stock worth $178,000 after buying an additional 556 shares in the last quarter. Finally, State of Alaska Department of Revenue purchased a new stake in Kforce in the 3rd quarter worth $29,000. 92.77% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on KFRC shares. Truist Financial boosted their price objective on Kforce from $35.00 to $38.00 and gave the company a “hold” rating in a research report on Tuesday, January 27th. Zacks Research downgraded Kforce from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, January 28th. Finally, UBS Group upped their price target on Kforce from $34.50 to $39.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 3rd. Three analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $38.50.

Kforce Trading Down 1.6%

Shares of KFRC stock opened at $36.08 on Monday. The stock’s 50-day moving average price is $32.51 and its 200-day moving average price is $31.48. Kforce Inc. has a 12-month low of $24.49 and a 12-month high of $52.57. The stock has a market capitalization of $654.58 million, a price-to-earnings ratio of 13.46 and a beta of 0.56. The company has a current ratio of 2.06, a quick ratio of 2.06 and a debt-to-equity ratio of 0.16.

Kforce (NASDAQ:KFRC) last released its quarterly earnings data on Monday, February 2nd. The business services provider reported $0.43 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.04). The firm had revenue of $332.02 million during the quarter, compared to the consensus estimate of $328.79 million. Kforce had a return on equity of 30.34% and a net margin of 3.59%.The business’s revenue was down 3.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.60 EPS. Kforce has set its Q1 2026 guidance at 0.370-0.450 EPS. Equities research analysts predict that Kforce Inc. will post 2.7 EPS for the current fiscal year.

Kforce Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 20th. Investors of record on Friday, March 6th will be paid a dividend of $0.40 per share. The ex-dividend date of this dividend is Friday, March 6th. This is a positive change from Kforce’s previous quarterly dividend of $0.39. This represents a $1.60 dividend on an annualized basis and a yield of 4.4%. Kforce’s payout ratio is currently 81.22%.

Kforce 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.