Charles Schwab Investment Management Inc. Purchases 50,044 Shares of Kforce Inc. $KFRC

Charles Schwab Investment Management Inc. grew its holdings in Kforce Inc. (NASDAQ:KFRC - Free Report) by 6.6% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 809,007 shares of the business services provider's stock after acquiring an additional 50,044 shares during the period. Charles Schwab Investment Management Inc. owned about 4.34% of Kforce worth $39,552,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also made changes to their positions in the business. Tributary Capital Management LLC lifted its position in shares of Kforce by 9.3% in the first quarter. Tributary Capital Management LLC now owns 462,268 shares of the business services provider's stock valued at $22,600,000 after acquiring an additional 39,338 shares in the last quarter. Wellington Management Group LLP lifted its position in shares of Kforce by 36.3% in the fourth quarter. Wellington Management Group LLP now owns 297,111 shares of the business services provider's stock valued at $16,846,000 after acquiring an additional 79,100 shares in the last quarter. Northern Trust Corp lifted its position in shares of Kforce by 5.6% in the fourth quarter. Northern Trust Corp now owns 258,765 shares of the business services provider's stock valued at $14,672,000 after acquiring an additional 13,811 shares in the last quarter. Envestnet Asset Management Inc. lifted its position in shares of Kforce by 5.4% in the first quarter. Envestnet Asset Management Inc. now owns 175,433 shares of the business services provider's stock worth $8,577,000 after buying an additional 8,995 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its position in shares of Kforce by 0.3% in the first quarter. Bank of New York Mellon Corp now owns 149,463 shares of the business services provider's stock worth $7,307,000 after buying an additional 492 shares in the last quarter. 92.77% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

KFRC has been the topic of a number of research analyst reports. UBS Group decreased their target price on Kforce from $45.00 to $40.00 and set a "neutral" rating on the stock in a research report on Wednesday, July 30th. Truist Financial decreased their target price on Kforce from $50.00 to $46.00 and set a "hold" rating on the stock in a research report on Tuesday, July 29th. Finally, Wall Street Zen downgraded Kforce from a "buy" rating to a "hold" rating in a research report on Friday, May 2nd. One research analyst has rated the stock with a Buy rating and two have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $52.33.

Kforce Trading Up 6.8%

NASDAQ KFRC traded up $2.13 during trading hours on Friday, hitting $33.52. 146,944 shares of the company were exchanged, compared to its average volume of 167,077. The stock has a 50-day moving average price of $39.18 and a 200 day moving average price of $43.40. The company has a quick ratio of 2.06, a current ratio of 2.06 and a debt-to-equity ratio of 0.16. Kforce Inc. has a 52 week low of $30.44 and a 52 week high of $67.33. The stock has a market cap of $623.44 million, a PE ratio of 12.52 and a beta of 0.75.

Kforce (NASDAQ:KFRC - Get Free Report) last released its earnings results on Monday, July 28th. The business services provider reported $0.59 EPS for the quarter, missing analysts' consensus estimates of $0.60 by ($0.01). The business had revenue of $334.32 million for the quarter, compared to the consensus estimate of $333.78 million. Kforce had a net margin of 3.59% and a return on equity of 30.34%. The company's quarterly revenue was down 6.2% compared to the same quarter last year. During the same period in the prior year, the company posted $0.75 EPS. Kforce has set its Q3 2025 guidance at 0.530-0.61 EPS. Analysts forecast that Kforce Inc. will post 2.7 earnings per share for the current fiscal year.

Kforce Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 26th. Stockholders of record on Friday, September 12th will be paid a dividend of $0.39 per share. The ex-dividend date of this dividend is Friday, September 12th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 4.7%. Kforce's dividend payout ratio is currently 65.27%.

Kforce Profile

Kforce Inc provides professional staffing services and solutions in the United States. It operates through two segments, Technology, and Finance and Accounting (FA). The Technology segment provides talent solutions to its clients primarily in the areas of information technology, such as systems/applications architecture and development, data management and analytics, business and artificial intelligence, machine learning, project and program management, and network architecture and security.