Zacks Research lowered shares of Kforce (NASDAQ:KFRC – Free Report) from a strong-buy rating to a hold rating in a research note released on Monday morning,Zacks.com reports.
KFRC has been the subject of a number of other reports. William Blair raised Kforce from a “market perform” rating to an “outperform” rating in a research note on Tuesday, April 21st. Robert W. Baird increased their target price on Kforce from $40.00 to $42.00 and gave the stock an “outperform” rating in a research note on Tuesday, April 28th. Two analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, Kforce currently has an average rating of “Hold” and a consensus target price of $39.67.
Get Our Latest Stock Report on KFRC
Kforce Stock Performance
Kforce (NASDAQ:KFRC – Get Free Report) last posted its earnings results on Monday, April 27th. The business services provider reported $0.46 earnings per share for the quarter, beating the consensus estimate of $0.40 by $0.06. The firm had revenue of $330.36 million during the quarter, compared to the consensus estimate of $329.32 million. Kforce had a net margin of 3.59% and a return on equity of 30.34%. The firm’s revenue for the quarter was up .1% on a year-over-year basis. During the same quarter last year, the firm earned $0.45 EPS. Kforce has set its Q2 2026 guidance at 0.670-0.750 EPS. As a group, equities research analysts predict that Kforce will post 2.7 EPS for the current year.
Kforce Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Friday, June 26th. Shareholders of record on Friday, June 12th were issued a dividend of $0.40 per share. The ex-dividend date was Friday, June 12th. This represents a $1.60 dividend on an annualized basis and a yield of 3.4%. Kforce’s dividend payout ratio is 80.81%.
Hedge Funds Weigh In On Kforce
Several institutional investors have recently modified their holdings of KFRC. Charles Schwab Investment Management Inc. increased its position in shares of Kforce by 4.9% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 893,564 shares of the business services provider’s stock worth $27,629,000 after acquiring an additional 41,740 shares during the period. Copeland Capital Management LLC increased its holdings in Kforce by 51.5% during the 1st quarter. Copeland Capital Management LLC now owns 666,331 shares of the business services provider’s stock worth $19,484,000 after purchasing an additional 226,520 shares during the period. Deprince Race & Zollo Inc. raised its position in Kforce by 30.7% in the 4th quarter. Deprince Race & Zollo Inc. now owns 499,733 shares of the business services provider’s stock valued at $15,452,000 after purchasing an additional 117,290 shares in the last quarter. AQR Capital Management LLC raised its position in Kforce by 81.3% in the 4th quarter. AQR Capital Management LLC now owns 442,523 shares of the business services provider’s stock valued at $13,683,000 after purchasing an additional 198,447 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. boosted its stake in shares of Kforce by 144.5% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 411,706 shares of the business services provider’s stock valued at $12,343,000 after buying an additional 243,303 shares during the period. Institutional investors and hedge funds 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.
Recommended Stories
- Five stocks we like better than Kforce
- Burger King’s Turnaround Is Putting Restaurant Brands Back in Focus
- Short Squeeze Alert—Moderna Stock Surges on New Strategy
- NextEra’s Dominion Deal Could Put It at the Center of the AI Power Race
- Amazon Could Be About to Reap the Rewards of a Software Spending Boom
Receive News & Ratings for Kforce Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kforce and related companies with MarketBeat.com's FREE daily email newsletter.
