BlackRock Inc. Takes $73 Million Position in Kforce Inc. $KFRC

BlackRock Inc. purchased a new position in shares of Kforce Inc. (NASDAQ:KFRC - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 1,555,859 shares of the business services provider's stock, valued at approximately $73,001,000. BlackRock Inc. owned 8.69% of Kforce at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the company. GAMMA Investing LLC grew its holdings in Kforce by 13.2% during the 2nd quarter. GAMMA Investing LLC now owns 1,578 shares of the business services provider's stock worth $74,000 after acquiring an additional 184 shares in the last quarter. Versant Capital Management Inc lifted its position in shares of Kforce by 14.3% during the second quarter. Versant Capital Management Inc now owns 3,096 shares of the business services provider's stock worth $145,000 after purchasing an additional 387 shares during the last quarter. EverSource Wealth Advisors LLC lifted its position in shares of Kforce by 44.3% during the fourth quarter. EverSource Wealth Advisors LLC now owns 1,313 shares of the business services provider's stock worth $41,000 after purchasing an additional 403 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Kforce by 4.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 10,841 shares of the business services provider's stock worth $530,000 after purchasing an additional 474 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its stake in Kforce by 2.8% in the third quarter. JPMorgan Chase & Co. now owns 17,381 shares of the business services provider's stock worth $521,000 after purchasing an additional 475 shares in the last quarter. Institutional investors and hedge funds own 92.77% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have 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. Zacks Research lowered shares of Kforce from a "strong-buy" rating to a "hold" rating in a report on Monday, June 29th. Truist Financial lifted their price target on shares of Kforce from $38.00 to $60.00 and gave the company a "hold" rating in a report on Wednesday, July 22nd. Finally, Robert W. Baird boosted their price objective on shares of Kforce from $42.00 to $63.00 and gave the company an "outperform" rating in a research report on Tuesday, July 28th. Two analysts have rated the stock with a Buy rating and three have given a Hold rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $60.67.

• Kforce NASDAQ: KFRC Stock is a Workforce Recovery Play

Kforce Stock Down 0.2%

KFRC opened at $57.96 on Monday. Kforce Inc. has a one year low of $24.49 and a one year high of $61.68. The company has a debt-to-equity ratio of 0.16, a quick ratio of 2.06 and a current ratio of 2.06. The stock's fifty day moving average is $55.31 and its 200-day moving average is $42.20. The company has a market capitalization of $1.04 billion, a PE ratio of 21.63 and a beta of 0.85.

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, topping the consensus estimate of $0.70 by $0.03. The company 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 was up 4.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.59 EPS. Kforce has set its Q3 2026 guidance at 0.710-0.790 EPS. On average, equities analysts predict that Kforce Inc. will post 2.7 EPS for the current fiscal year.

Kforce Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, September 25th. Shareholders of record on Friday, September 11th will be paid 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 2.8%. Kforce's dividend payout ratio (DPR) is 75.47%.

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.

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