Bank of New York Mellon Corp Purchases New Position in Kforce Inc. $KFRC

Key Points

• Bank of New York Mellon acquired 220,783 Kforce shares valued at approximately $10.36 million, representing about 1.23% of the company. Institutional investors and hedge funds 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 2026 EPS guidance of $0.71–$0.79.
• Kforce declared a quarterly dividend of $0.40 per share, equal to $1.60 annually and a 3.0% yield. Analysts maintain a consensus “Hold” rating with an average price target of $60.67.

Bank of New York Mellon Corp acquired a new stake in shares of Kforce Inc. (NASDAQ:KFRC - Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 220,783 shares of the business services provider's stock, valued at approximately $10,359,000. Bank of New York Mellon Corp owned about 1.23% of Kforce as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Jacobs Levy Equity Management Inc. grew its position in Kforce by 144.5% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 411,706 shares of the business services provider's stock worth $12,343,000 after purchasing an additional 243,303 shares during the last quarter. Copeland Capital Management LLC lifted its position in shares of Kforce by 51.5% in the 1st quarter. Copeland Capital Management LLC now owns 666,331 shares of the business services provider's stock worth $19,484,000 after acquiring an additional 226,520 shares during the period. Russell Investments Group Ltd. grew 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 worth $8,545,000 after purchasing an additional 205,457 shares in the last quarter. AQR Capital Management LLC grew its holdings in shares of Kforce by 81.3% during the 4th quarter. AQR Capital Management LLC now owns 442,523 shares of the business services provider's stock worth $13,683,000 after purchasing an additional 198,447 shares in the last quarter. Finally, Goldman Sachs Group Inc. increased its position in shares of Kforce by 90.5% during the fourth quarter. Goldman Sachs Group Inc. now owns 310,403 shares of the business services provider's stock valued at $9,598,000 after purchasing an additional 147,503 shares during the period. 92.77% of the stock is owned by institutional investors and hedge funds.

Kforce Trading Down 1.6%

KFRC stock opened at $54.00 on Thursday. The company has a market cap of $967.05 million, a P/E ratio of 20.15 and a beta of 0.85. Kforce Inc. has a twelve month low of $24.49 and a twelve month high of $61.68. 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 business has a fifty day moving average of $55.89 and a 200-day moving average of $42.70.

• Kforce NASDAQ: KFRC Stock is a Workforce Recovery Play

Kforce (NASDAQ:KFRC - Get Free Report) last announced its quarterly earnings data 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 for the quarter, compared to analysts' expectations of $348.11 million. Kforce had a net margin of 3.59% and a return on equity of 30.34%. The business's revenue for the quarter was up 4.5% on a year-over-year basis. During the same period last year, the firm earned $0.59 earnings per share. Kforce has set its Q3 2026 guidance at 0.710-0.790 EPS. As a group, equities research analysts expect that Kforce Inc. will post 2.7 EPS for the current year.

Kforce Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 25th. Stockholders of record on Friday, September 11th will be given a dividend of $0.40 per share. The ex-dividend date of this dividend is Friday, September 11th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 3.0%. Kforce's dividend payout ratio (DPR) is currently 75.47%.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on KFRC. Zacks Research downgraded shares of Kforce from a "strong-buy" rating to a "hold" rating in a report on Monday, June 29th. Truist Financial upped their price objective on Kforce from $38.00 to $60.00 and gave the company a "hold" rating in a research note on Wednesday, July 22nd. UBS Group set a $59.00 price objective on Kforce in a research note on Tuesday, July 28th. Finally, Robert W. Baird lifted their price objective on Kforce from $42.00 to $63.00 and gave the company an "outperform" rating in a report on Tuesday, July 28th. Two investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, Kforce presently has a consensus rating of "Hold" and an average price target of $60.67.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source