Kforce (NASDAQ:KFRC) Stock Gets Price Target Bump from Robert W. Baird

Key Points

• Robert W. Baird raised Kforce’s price target from $63 to $66 while maintaining an “outperform” rating, implying approximately 12.83% upside from the previous close.
• Analyst sentiment remains mixed: Kforce has two Buy ratings and three Hold ratings, resulting in a consensus “Hold” rating and an average price target of $61.67.
• Kforce recently exceeded quarterly expectations, reporting $0.73 in EPS and $349.33 million in revenue, while institutional investors own approximately 92.77% of the company’s shares.

Kforce (NASDAQ:KFRC - Get Free Report) had its target price boosted by stock analysts at Robert W. Baird from $63.00 to $66.00 in a research note issued to investors on Tuesday, Benzinga reports. The firm presently has an "outperform" rating on the business services provider's stock. Robert W. Baird's price target would indicate a potential upside of 12.83% from the stock's previous close.

KFRC has been the topic of several other research reports. UBS Group set a $59.00 target price on shares of Kforce in a research report on Tuesday, July 28th. Truist Financial boosted their price target on shares of Kforce from $38.00 to $60.00 and gave the stock a "hold" rating in a research note on Wednesday, July 22nd. Finally, Zacks Research lowered shares of Kforce from a "strong-buy" rating to a "hold" rating in a research report on Monday, June 29th. Two equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $61.67.

Kforce Trading Down 0.0%

• Kforce NASDAQ: KFRC Stock is a Workforce Recovery Play

Shares of Kforce stock opened at $58.50 on Tuesday. The company has a market cap 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. The company'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.

Kforce (NASDAQ:KFRC - Get Free Report) last announced its earnings results on Monday, July 27th. The business services provider reported $0.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.70 by $0.03. Kforce had a net margin of 3.59% and a return on equity of 30.34%. The business had revenue of $349.33 million during the quarter, compared to analyst estimates of $348.11 million. During the same period in the previous year, the business posted $0.59 earnings per share. Kforce's revenue for the quarter was up 4.5% on a year-over-year basis. On average, equities analysts expect that Kforce will post 2.70 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. BlackRock Inc. purchased a new position in shares of Kforce during the 2nd quarter valued at $73,001,000. Copeland Capital Management LLC grew its position 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 worth $19,484,000 after purchasing an additional 226,520 shares in the last quarter. Bank of New York Mellon Corp purchased a new stake in shares of Kforce during the second quarter worth about $10,359,000. Sei Investments Co. raised its stake in Kforce by 66.7% during the 1st quarter. Sei Investments Co. now owns 246,709 shares of the business services provider's stock valued at $7,214,000 after purchasing an additional 98,736 shares during the period. Finally, Deutsche Bank AG bought a new stake in Kforce during the 2nd quarter valued at approximately $4,381,000. 92.77% of the stock is owned by hedge funds and other institutional investors.

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

Kforce Company Profile

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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