Dimensional Fund Advisors LP Sells 21,227 Shares of Kforce Inc. $KFRC

Key Points

• Dimensional Fund Advisors cut its Kforce stake by 4.3%, selling 21,227 shares in the first quarter and retaining 468,010 shares worth approximately $13.7 million. Institutional investors collectively own 92.77% of Kforce.
• Kforce reported quarterly earnings of $0.73 per share, beating estimates of $0.70, while revenue rose 4.5% year over year to $349.33 million. The company guided for third-quarter EPS of $0.71 to $0.79.
• Kforce declared a quarterly dividend of $0.40 per share, equivalent to an annualized $1.60 and a 2.7% yield. Analysts’ consensus rating is Hold, with an average price target of $60.67.

Dimensional Fund Advisors LP decreased its position in Kforce Inc. (NASDAQ:KFRC - Free Report) by 4.3% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 468,010 shares of the business services provider's stock after selling 21,227 shares during the period. Dimensional Fund Advisors LP owned 2.62% of Kforce worth $13,685,000 as of its most recent filing with the SEC.

Other hedge funds have also recently modified their holdings of the company. Deprince Race & Zollo Inc. grew its holdings in shares of Kforce by 30.7% in the fourth quarter. Deprince Race & Zollo Inc. now owns 499,733 shares of the business services provider's stock valued at $15,452,000 after acquiring an additional 117,290 shares in the last quarter. CWM LLC lifted its holdings in Kforce by 105.2% during the fourth quarter. CWM LLC now owns 20,996 shares of the business services provider's stock worth $649,000 after acquiring an additional 10,764 shares during the period. Principal Financial Group Inc. purchased a new position in Kforce in the first quarter worth $1,249,000. Copeland Capital Management LLC boosted its position in Kforce by 51.5% in the first quarter. Copeland Capital Management LLC now owns 666,331 shares of the business services provider's stock worth $19,484,000 after purchasing an additional 226,520 shares during the last quarter. Finally, Hsbc Holdings PLC grew its stake in Kforce by 134.2% in the 4th quarter. Hsbc Holdings PLC now owns 38,552 shares of the business services provider's stock valued at $1,201,000 after purchasing an additional 22,093 shares during the period. Institutional investors own 92.77% of the company's stock.

Kforce Stock Performance

Shares of KFRC opened at $58.92 on Friday. The firm has a market cap of $1.06 billion, a PE ratio of 21.98 and a beta of 0.85. The stock's fifty day moving average price is $52.24 and its two-hundred day moving average price is $39.71. 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 Inc. has a 1 year low of $24.49 and a 1 year high of $61.68.

• Kforce NASDAQ: KFRC Stock is a Workforce Recovery Play

Kforce (NASDAQ:KFRC - Get Free Report) last posted its quarterly earnings results on Monday, July 27th. The business services provider reported $0.73 earnings per share for the quarter, topping the consensus estimate of $0.70 by $0.03. Kforce had a return on equity of 30.34% and a net margin of 3.59%.The company had revenue of $349.33 million during the quarter, compared to the consensus estimate of $348.11 million. During the same quarter in the prior year, the company earned $0.59 EPS. The firm's quarterly revenue was up 4.5% compared to the same quarter last year. Kforce has set its Q3 2026 guidance at 0.710-0.790 EPS. On average, equities research analysts forecast 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. Investors of record on Friday, September 11th will be paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date is Friday, September 11th. Kforce's dividend payout ratio is presently 75.47%.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the company. Zacks Research lowered Kforce from a "strong-buy" rating to a "hold" rating in a research report on Monday, June 29th. Truist Financial increased their price target on shares of Kforce from $38.00 to $60.00 and gave the company a "hold" rating in a research report on Wednesday, July 22nd. UBS Group set a $59.00 price objective on shares of Kforce in a report on Tuesday, July 28th. Robert W. Baird raised their price objective on shares of Kforce from $42.00 to $63.00 and gave the stock an "outperform" rating in a report on Tuesday, July 28th. Finally, William Blair upgraded shares of Kforce from a "market perform" rating to an "outperform" rating in a research note on Tuesday, April 21st. Two analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $60.67.

Kforce 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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