Bank of America Corp DE Acquires New Stake in Kforce Inc. $KFRC

Key Points

• Bank of America acquired 48,132 Kforce shares worth approximately $2.26 million during the second quarter, representing about 0.27% of the company. Institutional investors collectively own 92.77% of Kforce.
• Kforce reported quarterly EPS of $0.73, beating estimates by $0.03, while revenue rose 4.5% year over year to $349.33 million. The company issued third-quarter EPS guidance of $0.71–$0.79.
• Analyst sentiment remains mixed, with a consensus “Hold” rating and an average price target of $60.67. Kforce also declared a quarterly dividend of $0.40 per share, equal to a 3.1% annualized yield.

Bank of America Corp DE bought a new position in Kforce Inc. (NASDAQ:KFRC - Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 48,132 shares of the business services provider's stock, valued at approximately $2,258,000. Bank of America Corp DE owned about 0.27% of Kforce at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Man Group plc purchased a new position in shares of Kforce during the 2nd quarter valued at $2,374,000. Jupiter Topco LLC bought a new stake in Kforce in the 2nd quarter valued at about $405,000. Hsbc Holdings PLC purchased a new stake in Kforce during the second quarter valued at about $535,000. Canada Pension Plan Investment Board purchased a new stake in Kforce during the second quarter valued at about $540,000. Finally, Legal & General Group Plc purchased a new stake in Kforce during the second quarter valued at about $673,000. 92.77% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on KFRC shares. UBS Group set a $59.00 target price on shares of Kforce in a research note on Tuesday, July 28th. Robert W. Baird upped 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. Zacks Research downgraded shares of Kforce from a "strong-buy" rating to a "hold" rating in a report on Monday, June 29th. Finally, Truist Financial lifted their price objective on shares of Kforce from $38.00 to $60.00 and gave the company a "hold" rating in a research note on Wednesday, July 22nd. Two research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. According to MarketBeat, Kforce currently has a consensus rating of "Hold" and an average target price of $60.67.

• Kforce NASDAQ: KFRC Stock is a Workforce Recovery Play

Kforce Stock Up 1.0%

KFRC opened at $52.40 on Thursday. The firm has a market capitalization of $938.34 million, a P/E ratio of 19.55 and a beta of 0.86. Kforce Inc. has a one year low of $24.49 and a one year high of $61.68. The company has a fifty day moving average price of $55.34 and a 200-day moving average price of $46.20. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.06 and a quick ratio of 2.06.

Kforce (NASDAQ:KFRC - Get Free Report) last issued 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 firm had revenue of $349.33 million during the quarter, compared to the consensus estimate of $348.11 million. Kforce had a return on equity of 30.34% and a net margin of 3.59%.The company's revenue for the quarter was up 4.5% on a year-over-year basis. During the same quarter last year, the company posted $0.59 EPS. Kforce has set its Q3 2026 guidance at 0.710-0.790 EPS. Equities research analysts expect that Kforce Inc. will post 2.7 earnings per share for the current fiscal year.

Kforce Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 25th. Shareholders of record on Friday, September 11th were paid a dividend of $0.40 per share. The ex-dividend date of this dividend was Friday, September 11th. This represents a $1.60 annualized dividend and a yield of 3.1%. Kforce's payout ratio is 75.47%.

About Kforce

Kforce Inc NASDAQ: KFRC is a professional staffing and workforce-solutions firm that serves organizations across the United States. The company connects businesses with skilled professionals and provides services designed to support hiring, project delivery and workforce management.

Kforce primarily operates through two practice areas: Technology and Finance & Accounting. Its technology offerings include recruiting and placement for information technology professionals, as well as project-based and consulting services.

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