Kforce (NASDAQ:KFRC) Reaches New 1-Year High – Here’s What Happened
by Tristan Rich · The Markets DailyKforce Inc. (NASDAQ:KFRC – Get Free Report)’s share price hit a new 52-week high on Wednesday . The stock traded as high as $50.90 and last traded at $50.3650, with a volume of 53444 shares trading hands. The stock had previously closed at $46.92.
Analyst Ratings Changes
A number of research analysts recently weighed in on the stock. William Blair raised shares of Kforce from a “market perform” rating to an “outperform” rating in a research note on Tuesday, April 21st. Zacks Research cut Kforce from a “strong-buy” rating to a “hold” rating in a report on Monday. Finally, Robert W. Baird lifted their price objective on Kforce from $40.00 to $42.00 and gave the stock an “outperform” rating in a research report on Tuesday, April 28th. Two investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Kforce has a consensus rating of “Hold” and an average target price of $39.67.
Read Our Latest Stock Analysis on Kforce
Kforce Stock Performance
The company’s 50-day moving average is $43.47 and its two-hundred day moving average is $35.04. The stock has a market capitalization of $897.31 million, a P/E ratio of 18.78 and a beta of 0.87. The company has a current ratio of 2.06, a quick ratio of 2.06 and a debt-to-equity ratio of 0.16.
Kforce (NASDAQ:KFRC – Get Free Report) last issued its quarterly earnings results on Monday, April 27th. The business services provider reported $0.46 EPS for the quarter, topping analysts’ consensus estimates of $0.40 by $0.06. The company had revenue of $330.36 million during the quarter, compared to analyst estimates of $329.32 million. Kforce had a return on equity of 30.34% and a net margin of 3.59%.The company’s quarterly revenue was up .1% compared to the same quarter last year. During the same period in the previous year, the company earned $0.45 earnings per share. Kforce has set its Q2 2026 guidance at 0.670-0.750 EPS. As a group, sell-side analysts anticipate that Kforce Inc. will post 2.7 EPS for the current fiscal year.
Kforce Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Friday, June 26th. Investors of record on Friday, June 12th were issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 3.2%. The ex-dividend date was Friday, June 12th. Kforce’s dividend payout ratio (DPR) is 80.81%.
Hedge Funds Weigh In On Kforce
Large investors have recently made changes to their positions in the stock. AQR Capital Management LLC increased its stake in shares of Kforce by 9.7% in the first quarter. AQR Capital Management LLC now owns 22,785 shares of the business services provider’s stock worth $1,114,000 after buying an additional 2,017 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of 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 in the last quarter. Millennium Management LLC grew its stake in shares of 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 buying an additional 4,511 shares during the last quarter. Goldman Sachs Group Inc. increased its holdings in shares of Kforce by 64.9% during the first quarter. Goldman Sachs Group Inc. now owns 251,712 shares of the business services provider’s stock valued at $12,306,000 after acquiring an additional 99,050 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in Kforce by 5.8% during 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 valued at $1,927,000 after purchasing an additional 2,159 shares in the last quarter. 92.77% of the stock is owned by institutional investors.
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.