Kforce Inc. (NASDAQ:KFRC – Get Free Report) shares crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $31.89 and traded as high as $42.77. Kforce shares last traded at $41.4990, with a volume of 156,886 shares.
Analysts Set New Price Targets
A number of equities research analysts have recently commented on KFRC shares. Robert W. Baird upped their target price on shares of Kforce from $40.00 to $42.00 and gave the company an “outperform” rating in a report on Tuesday, April 28th. William Blair raised shares of Kforce from a “market perform” rating to an “outperform” rating in a report on Tuesday, April 21st. Zacks Research raised shares of Kforce from a “hold” rating to a “strong-buy” rating in a report on Wednesday, April 29th. UBS Group upped their target price on shares of Kforce from $34.50 to $39.00 and gave the company a “neutral” rating in a report on Tuesday, February 3rd. Finally, Truist Financial upped their target price on shares of Kforce from $35.00 to $38.00 and gave the company a “hold” rating in a report on Tuesday, January 27th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $39.67.
Kforce Trading Down 0.1%
Kforce (NASDAQ:KFRC – Get Free Report) last issued its quarterly earnings results on Monday, April 27th. The business services provider reported $0.46 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.40 by $0.06. Kforce had a net margin of 3.59% and a return on equity of 30.34%. The business had revenue of $330.36 million for the quarter, compared to analyst estimates of $329.32 million. During the same period in the previous year, the business posted $0.45 earnings per share. The business’s revenue was up .1% compared to the same quarter last year. Kforce has set its Q2 2026 guidance at 0.670-0.750 EPS. Equities analysts forecast that Kforce Inc. will post 2.7 EPS for the current fiscal year.
Kforce Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Friday, June 26th. Stockholders of record on Friday, June 12th will be paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 3.9%. The ex-dividend date is Friday, June 12th. Kforce’s payout ratio is 80.81%.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently made changes to their positions in the company. Parallel Advisors LLC increased its stake in shares of Kforce by 427.2% during the fourth quarter. Parallel Advisors LLC now owns 854 shares of the business services provider’s stock worth $26,000 after acquiring an additional 692 shares during the period. EverSource Wealth Advisors LLC increased its stake in shares of Kforce by 117.7% during the third quarter. EverSource Wealth Advisors LLC now owns 910 shares of the business services provider’s stock worth $27,000 after acquiring an additional 492 shares during the period. State of Alaska Department of Revenue acquired a new position in shares of Kforce during the third quarter worth about $29,000. Kestra Advisory Services LLC acquired a new position in shares of Kforce during the fourth quarter worth about $31,000. Finally, Allworth Financial LP increased its stake in shares of Kforce by 212.3% during the fourth quarter. Allworth Financial LP now owns 1,240 shares of the business services provider’s stock worth $38,000 after acquiring an additional 843 shares during the period. 92.77% of the stock is currently owned by institutional investors and hedge funds.
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.
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