Jacobs Levy Equity Management Inc. Buys 64,616 Shares of Kforce Inc. $KFRC

Key Points

• Jacobs Levy Equity Management Inc. has increased its holdings in Kforce Inc. by 188.4% during the first quarter, owning approximately 0.53% of the company after acquiring 64,616 additional shares.
• Kforce's recent quarterly earnings report showed a decrease in revenue by 6.2% year-over-year, along with a slight earnings miss, reporting $0.59 EPS against an estimate of $0.60.
• The company declared a quarterly dividend of $0.39 per share with a yield of 5.0%, set to be paid to investors on September 26th.

Jacobs Levy Equity Management Inc. grew its position in shares of Kforce Inc. (NASDAQ:KFRC - Free Report) by 188.4% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 98,910 shares of the business services provider's stock after acquiring an additional 64,616 shares during the quarter. Jacobs Levy Equity Management Inc. owned 0.53% of Kforce worth $4,836,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently bought and sold shares of KFRC. Pacer Advisors Inc. purchased a new position in Kforce during the 1st quarter worth $5,584,000. Wellington Management Group LLP raised its stake in shares of Kforce by 36.3% during the 4th quarter. Wellington Management Group LLP now owns 297,111 shares of the business services provider's stock worth $16,846,000 after purchasing an additional 79,100 shares during the period. Voloridge Investment Management LLC raised its stake in shares of Kforce by 670.8% during the 4th quarter. Voloridge Investment Management LLC now owns 69,713 shares of the business services provider's stock worth $3,953,000 after purchasing an additional 60,669 shares during the period. Charles Schwab Investment Management Inc. raised its stake in shares of Kforce by 6.6% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 809,007 shares of the business services provider's stock worth $39,552,000 after purchasing an additional 50,044 shares during the period. Finally, Squarepoint Ops LLC raised its stake in shares of Kforce by 912.4% during the 4th quarter. Squarepoint Ops LLC now owns 49,781 shares of the business services provider's stock worth $2,823,000 after purchasing an additional 44,864 shares during the period. 92.77% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms have recently commented on KFRC. Truist Financial lowered their target price on Kforce from $50.00 to $46.00 and set a "hold" rating on the stock in a research note on Tuesday, July 29th. UBS Group lowered their target price on Kforce from $45.00 to $40.00 and set a "neutral" rating on the stock in a research note on Wednesday, July 30th. One investment analyst has rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $52.33.

Kforce Stock Performance

Kforce stock traded down $0.98 during midday trading on Friday, reaching $30.39. The stock had a trading volume of 235,781 shares, compared to its average volume of 178,024. Kforce Inc. has a 12 month low of $29.33 and a 12 month high of $64.07. The firm's 50-day moving average price is $36.14 and its 200 day moving average price is $41.20. The firm has a market capitalization of $565.13 million, a PE ratio of 11.34 and a beta of 0.68. The company has a quick ratio of 2.06, a current ratio of 2.06 and a debt-to-equity ratio of 0.16.

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

Kforce Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 26th. Investors of record on Friday, September 12th will be paid a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a yield of 5.1%. The ex-dividend date is Friday, September 12th. Kforce's payout ratio is currently 65.27%.

Kforce Company 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.