Paradigm Capital Management Inc. NY acquired a new position in shares of Kforce Inc. (NASDAQ:KFRC - Free Report) in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 36,800 shares of the business services provider's stock, valued at approximately $1,727,000. Paradigm Capital Management Inc. NY owned about 0.21% of Kforce at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. BlackRock Inc. acquired a new stake in shares of Kforce in the 2nd quarter worth $73,001,000. Jacobs Levy Equity Management Inc. increased its stake in shares of Kforce by 144.5% in the third quarter. Jacobs Levy Equity Management Inc. now owns 411,706 shares of the business services provider's stock worth $12,343,000 after acquiring an additional 243,303 shares during the period. Copeland Capital Management LLC raised its stake in shares of Kforce by 51.5% during the 1st quarter. Copeland Capital Management LLC now owns 666,331 shares of the business services provider's stock valued at $19,484,000 after buying an additional 226,520 shares during the last quarter. Bank of New York Mellon Corp purchased a new position in Kforce during the second quarter valued at approximately $10,359,000. Finally, Russell Investments Group Ltd. increased its holdings in shares of Kforce by 258.2% during the 3rd quarter. Russell Investments Group Ltd. now owns 285,019 shares of the business services provider's stock valued at $8,545,000 after purchasing an additional 205,457 shares in the last quarter. Hedge funds and other institutional investors own 92.77% of the company's stock.
Kforce Stock Performance
Shares of Kforce stock opened at $57.67 on Tuesday. The company has a quick ratio of 2.06, a current ratio of 2.06 and a debt-to-equity ratio of 0.16. The firm has a market cap of $1.03 billion, a PE ratio of 21.52 and a beta of 0.85. The business's fifty day simple moving average is $54.42 and its 200-day simple moving average is $41.58. Kforce Inc. has a 52 week low of $24.49 and a 52 week high of $61.68.
- Kforce NASDAQ: KFRC Stock is a Workforce Recovery Play
Kforce (NASDAQ:KFRC - Get Free Report) last released its quarterly earnings results on Monday, July 27th. The business services provider reported $0.73 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.70 by $0.03. The business had revenue of $349.33 million for the quarter, compared to the consensus estimate of $348.11 million. Kforce had a net margin of 3.59% and a return on equity of 30.34%. The business's revenue was up 4.5% on a year-over-year basis. During the same period in the previous year, the firm earned $0.59 EPS. Kforce has set its Q3 2026 guidance at 0.710-0.790 EPS. Equities analysts forecast that Kforce Inc. will post 2.7 earnings per share for the current year.
Kforce Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Friday, September 25th. Shareholders of record on Friday, September 11th will be given a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 2.8%. The ex-dividend date of this dividend is Friday, September 11th. Kforce's payout ratio is currently 75.47%.
Analysts Set New Price Targets
Several equities analysts recently weighed in on the company. Zacks Research lowered Kforce from a "strong-buy" rating to a "hold" rating in a research note on Monday, June 29th. UBS Group set a $59.00 price target on shares of Kforce in a research report on Tuesday, July 28th. Robert W. Baird raised their price target on shares of Kforce from $42.00 to $63.00 and gave the company an "outperform" rating in a research note on Tuesday, July 28th. Finally, Truist Financial lifted their target price 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. Two analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, Kforce currently has an average rating of "Hold" and an average target price of $60.67.
Check Out Our Latest Analysis on KFRC
About Kforce
(
Free Report)
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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