Zacks Research Upgrades Kforce (NASDAQ:KFRC) to Strong-Buy
by Jessica Moore · The Cerbat GemKforce (NASDAQ:KFRC – Get Free Report) was upgraded by analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a research note issued to investors on Wednesday,Zacks.com reports.
Other analysts have also issued reports about the stock. William Blair upgraded shares of Kforce from a “market perform” rating to an “outperform” rating in a research note on Tuesday, April 21st. Truist Financial raised their price objective on shares of Kforce from $35.00 to $38.00 and gave the company a “hold” rating in a research note on Tuesday, January 27th. Robert W. Baird raised their price objective on shares of Kforce from $40.00 to $42.00 and gave the company an “outperform” rating in a research note on Tuesday. Finally, UBS Group raised their price objective on shares of Kforce from $34.50 to $39.00 and gave the company a “neutral” rating in a research note on Tuesday, February 3rd. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $39.67.
Read Our Latest Analysis on KFRC
Kforce Stock Down 3.5%
NASDAQ:KFRC opened at $45.09 on Wednesday. The firm has a market cap of $821.85 million, a P/E ratio of 16.82 and a beta of 0.49. The company has a debt-to-equity ratio of 0.16, a quick ratio of 2.06 and a current ratio of 2.06. Kforce has a fifty-two week low of $24.49 and a fifty-two week high of $47.50. The firm has a 50-day simple moving average of $29.54 and a two-hundred day simple moving average of $30.37.
Kforce (NASDAQ:KFRC – Get Free Report) last released its quarterly earnings data on Monday, April 27th. The business services provider reported $0.46 earnings per share for the quarter, beating analysts’ consensus estimates of $0.40 by $0.06. The business had revenue of $330.36 million during the quarter, compared to analyst estimates of $329.32 million. Kforce had a net margin of 3.59% and a return on equity of 30.34%. Kforce’s revenue was up .1% compared to the same quarter last year. During the same period last year, the business earned $0.45 EPS. Kforce has set its Q2 2026 guidance at 0.670-0.750 EPS. Analysts predict that Kforce will post 2.7 earnings per share for the current fiscal year.
Institutional Trading of Kforce
A number of large investors have recently made changes to their positions in the stock. Charles Schwab Investment Management Inc. grew its stake in shares of Kforce by 4.9% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 893,564 shares of the business services provider’s stock worth $27,629,000 after acquiring an additional 41,740 shares during the period. Tributary Capital Management LLC grew its stake in shares of Kforce by 93.0% in the third quarter. Tributary Capital Management LLC now owns 827,046 shares of the business services provider’s stock worth $24,795,000 after acquiring an additional 398,471 shares during the period. New South Capital Management Inc. grew its stake in shares of Kforce by 18.1% in the third quarter. New South Capital Management Inc. now owns 709,550 shares of the business services provider’s stock worth $21,272,000 after acquiring an additional 108,507 shares during the period. Deprince Race & Zollo Inc. grew its stake in shares of Kforce by 30.7% in the fourth quarter. Deprince Race & Zollo Inc. now owns 499,733 shares of the business services provider’s stock worth $15,452,000 after acquiring an additional 117,290 shares during the period. Finally, AQR Capital Management LLC grew its stake in shares of Kforce by 81.3% in the fourth quarter. AQR Capital Management LLC now owns 442,523 shares of the business services provider’s stock worth $13,683,000 after acquiring an additional 198,447 shares during the period. 92.77% of the stock is currently owned by institutional investors.
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.