Kforce (NASDAQ:KFRC – Get Free Report) had its target price hoisted by research analysts at Robert W. Baird from $63.00 to $66.00 in a research report issued to clients and investors on Tuesday, Benzinga reports. The firm currently has an “outperform” rating on the business services provider’s stock. Robert W. Baird‘s price target would suggest a potential upside of 12.83% from the stock’s current price.
Other equities research analysts have also issued reports about the company. Truist Financial raised their price objective on Kforce from $38.00 to $60.00 and gave the company a “hold” rating in a research note on Wednesday, July 22nd. Zacks Research downgraded Kforce from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 29th. Finally, UBS Group set a $59.00 price target on Kforce in a report on Tuesday, July 28th. Two analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $61.67.
Read Our Latest Analysis on KFRC
Kforce Stock Down 0.0%
Shares of NASDAQ KFRC opened at $58.50 on Tuesday. The firm’s 50-day moving average price is $53.46 and its 200-day moving average price is $43.42. The company has a current ratio of 2.06, a quick ratio of 2.06 and a debt-to-equity ratio of 0.16. The stock has a market capitalization of $1.05 billion, a price-to-earnings ratio of 21.83 and a beta of 0.90. Kforce has a 12-month low of $24.49 and a 12-month high of $61.68.
Kforce (NASDAQ:KFRC – Get Free Report) last released its quarterly earnings results on Monday, July 27th. The business services provider reported $0.73 EPS for the quarter, topping the consensus estimate of $0.70 by $0.03. Kforce had a return on equity of 30.34% and a net margin of 3.59%. The company had revenue of $349.33 million during the quarter, compared to analyst estimates of $348.11 million. During the same quarter last year, the business posted $0.59 earnings per share. The firm’s revenue was up 4.5% on a year-over-year basis. On average, equities research analysts anticipate that Kforce will post 2.70 EPS for the current fiscal year.
Hedge Funds Weigh In On Kforce
Institutional investors have recently made changes to their positions in the company. BlackRock Inc. bought a new stake in shares of Kforce in the 2nd quarter valued at about $73,001,000. Copeland Capital Management LLC boosted its stake in shares of Kforce by 51.5% during the first quarter. Copeland Capital Management LLC now owns 666,331 shares of the business services provider’s stock valued at $19,484,000 after purchasing an additional 226,520 shares in the last quarter. Bank of New York Mellon Corp bought a new position in shares of Kforce during the second quarter valued at approximately $10,359,000. Sei Investments Co. increased its holdings in Kforce by 66.7% during the first quarter. Sei Investments Co. now owns 246,709 shares of the business services provider’s stock valued at $7,214,000 after buying an additional 98,736 shares during the period. Finally, Deutsche Bank AG purchased a new position in Kforce during the second quarter valued at approximately $4,381,000. Hedge funds and other institutional investors own 92.77% of the company’s stock.
More Kforce News
Here are the key news stories impacting Kforce this week:
- Positive Sentiment: Quarterly results beat estimates: Kforce reported revenue of approximately $357.8 million, up 7.5% year over year and above the $354.4 million consensus estimate. Reported diluted EPS was $0.90, compared with expectations of $0.76 and the prior-year result of $0.63. Kforce third-quarter results
- Positive Sentiment: Improving profitability and technology demand: Technology Flex revenue increased 7.8% year over year, while gross margin rose 50 basis points to 28.2% and operating margin expanded 180 basis points to 6.3%. These figures suggest stronger operating leverage and sustained demand in Kforce’s core market. Kforce revenue and margin update
- Positive Sentiment: Constructive near-term outlook: Kforce expects fourth-quarter revenue of $352 million to $360 million and EPS of $0.62 to $0.70, pointing to continued solid sales momentum even with seasonal moderation.
- Positive Sentiment: Dividend maintained: The board declared a quarterly dividend of $0.40 per share, payable December 18 to shareholders of record December 4. The annualized payout is $1.60, representing a yield of roughly 2.7%. Kforce earnings and dividend update
- Neutral Sentiment: Results include a non-operating benefit: Kforce said quarterly EPS included a $0.12-per-share gain from company-owned life insurance policies, meaning some of the earnings beat may not be recurring.
- Neutral Sentiment: Mixed institutional and insider activity: Recent filings show both additions and reductions by institutional investors, while one insider sold 2,000 shares. These signals provide limited direction compared with the earnings results.
- Neutral Sentiment: Peer comparison: Coverage contrasting Kforce with Willdan Group focuses on relative business and valuation characteristics rather than a new company-specific catalyst. Kforce and Willdan Group comparison
About Kforce
Kforce Inc is a professional staffing and business solutions firm that connects organizations with skilled workers and provides services designed to support workforce and project needs. The company primarily operates through its Technology and Finance & Accounting segments.
Kforce Technology provides staffing, consulting, and project-based solutions for areas such as application development, data management, cloud computing, cybersecurity, and other information technology functions.
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