Kforce (NASDAQ:KFRC) Hits New 1-Year High – What’s Next?

Kforce Inc. (NASDAQ:KFRCGet Free Report)’s stock price reached a new 52-week high during mid-day trading on Monday . The company traded as high as $60.70 and last traded at $57.56, with a volume of 306156 shares trading hands. The stock had previously closed at $58.56.

Analysts Set New Price Targets

Several equities analysts recently commented on KFRC shares. William Blair raised shares of Kforce from a “market perform” rating to an “outperform” rating in a research note on Tuesday, April 21st. 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, Zacks Research downgraded Kforce from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 29th. Two analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, Kforce currently has a consensus rating of “Hold” and a consensus price target of $39.67.

Get Our Latest Analysis on KFRC

Kforce Trading Down 1.9%

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 $1.02 billion, a PE ratio of 21.52 and a beta of 0.87. The stock has a 50-day moving average price of $47.42 and a two-hundred day moving average price of $37.14.

Kforce (NASDAQ:KFRCGet Free Report) last announced its quarterly earnings data on Monday, April 27th. The business services provider reported $0.46 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.40 by $0.06. The company had revenue of $330.36 million during the quarter, compared to the consensus estimate 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 period in the previous year, the company posted $0.45 EPS. Kforce has set its Q2 2026 guidance at 0.670-0.750 EPS. As a group, equities analysts forecast that Kforce Inc. will post 2.7 earnings per share for the current year.

Kforce Dividend Announcement

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

Institutional Trading of Kforce

Institutional investors and hedge funds have recently modified their holdings of the company. GAMMA Investing LLC boosted its stake in shares of Kforce by 13.2% in the second quarter. GAMMA Investing LLC now owns 1,578 shares of the business services provider’s stock valued at $74,000 after buying an additional 184 shares during the period. Versant Capital Management Inc increased its position in shares of Kforce by 14.3% in the second quarter. Versant Capital Management Inc now owns 3,096 shares of the business services provider’s stock worth $145,000 after purchasing an additional 387 shares during the period. EverSource Wealth Advisors LLC raised its stake in Kforce by 44.3% in the fourth quarter. EverSource Wealth Advisors LLC now owns 1,313 shares of the business services provider’s stock valued at $41,000 after purchasing an additional 403 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in Kforce by 4.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 10,841 shares of the business services provider’s stock valued at $530,000 after purchasing an additional 474 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its position in Kforce by 2.8% during the third quarter. JPMorgan Chase & Co. now owns 17,381 shares of the business services provider’s stock worth $521,000 after purchasing an additional 475 shares during the period. 92.77% of the stock is currently owned by institutional investors.

Kforce Company Profile

(Get Free Report)

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.

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