Kforce Inc. (NASDAQ:KFRC – Get Free Report) passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $33.03 and traded as high as $48.58. Kforce shares last traded at $47.9340, with a volume of 150,355 shares trading hands.
Analyst Upgrades and Downgrades
Several equities research analysts have recently issued reports on the company. William Blair raised Kforce from a “market perform” rating to an “outperform” rating in a research report on Tuesday, April 21st. Zacks Research raised Kforce from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, April 29th. Finally, Robert W. Baird raised their target price on Kforce from $40.00 to $42.00 and gave the company an “outperform” rating in a research report on Tuesday, April 28th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $39.67.
View Our Latest Analysis on Kforce
Kforce Trading Up 3.0%
Kforce (NASDAQ:KFRC – Get Free Report) last announced its quarterly earnings data on Monday, April 27th. The business services provider reported $0.46 earnings per share for the quarter, topping the consensus estimate of $0.40 by $0.06. Kforce had a return on equity of 30.34% and a net margin of 3.59%.The company had revenue of $330.36 million during the quarter, compared to analyst estimates of $329.32 million. During the same quarter last year, the firm posted $0.45 EPS. The firm’s revenue for the quarter was up .1% on a year-over-year basis. Kforce has set its Q2 2026 guidance at 0.670-0.750 EPS. As a group, sell-side analysts predict that Kforce Inc. will post 2.7 EPS for the current year.
Kforce Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 26th. Investors of record on Friday, June 12th will be issued a $0.40 dividend. The ex-dividend date of this dividend is Friday, June 12th. This represents a $1.60 annualized dividend and a yield of 3.2%. Kforce’s dividend payout ratio (DPR) is 80.81%.
Institutional Inflows and Outflows
Several large investors have recently added to or reduced their stakes in KFRC. AQR Capital Management LLC boosted its stake in Kforce by 9.7% in the 1st quarter. AQR Capital Management LLC now owns 22,785 shares of the business services provider’s stock worth $1,114,000 after purchasing an additional 2,017 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Kforce by 4.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 10,841 shares of the business services provider’s stock worth $530,000 after purchasing an additional 474 shares during the period. Millennium Management LLC boosted its stake in Kforce by 3.5% in the 1st quarter. Millennium Management LLC now owns 133,829 shares of the business services provider’s stock worth $6,543,000 after purchasing an additional 4,511 shares during the period. Goldman Sachs Group Inc. boosted its stake in Kforce by 64.9% in the 1st quarter. Goldman Sachs Group Inc. now owns 251,712 shares of the business services provider’s stock worth $12,306,000 after purchasing an additional 99,050 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in Kforce by 5.8% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 39,416 shares of the business services provider’s stock worth $1,927,000 after purchasing an additional 2,159 shares during the period. Institutional investors own 92.77% of the company’s stock.
About Kforce
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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