Kayne Anderson Rudnick Investment Management LLC Has $111.03 Million Stock Position in Kforce Inc. $KFRC

Key Points

• Kayne Anderson Rudnick Investment Management LLC increased its stake in Kforce Inc. by 0.4% during the 1st quarter, owning approximately 12.19% of the company with a total value of $111.03 million.
• Kforce's quarterly earnings report revealed $0.59 earnings per share, slightly missing expectations, with a revenue of $334.32 million representing a 6.2% decline year-over-year.
• The company declared a quarterly dividend of $0.39 per share, with an annualized yield of 4.7%, highlighting a payout ratio of 65.27%.

Kayne Anderson Rudnick Investment Management LLC increased its position in Kforce Inc. (NASDAQ:KFRC - Free Report) by 0.4% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 2,271,022 shares of the business services provider's stock after purchasing an additional 9,050 shares during the period. Kayne Anderson Rudnick Investment Management LLC owned about 12.19% of Kforce worth $111,030,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of the business. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of Kforce during the fourth quarter valued at $42,000. Signaturefd LLC grew its position in Kforce by 1,069.1% during the first quarter. Signaturefd LLC now owns 795 shares of the business services provider's stock valued at $39,000 after purchasing an additional 727 shares in the last quarter. Meeder Asset Management Inc. increased its stake in Kforce by 336.1% in the 1st quarter. Meeder Asset Management Inc. now owns 955 shares of the business services provider's stock valued at $47,000 after buying an additional 736 shares during the period. Tower Research Capital LLC TRC lifted its position in Kforce by 147.3% in the 4th quarter. Tower Research Capital LLC TRC now owns 1,118 shares of the business services provider's stock worth $63,000 after buying an additional 666 shares in the last quarter. Finally, Point72 Asset Management L.P. acquired a new stake in shares of Kforce during the 4th quarter valued at $145,000. Hedge funds and other institutional investors own 92.77% of the company's stock.

Analysts Set New Price Targets

Several brokerages have weighed in on KFRC. Wall Street Zen lowered Kforce from a "buy" rating to a "hold" rating in a research report on Friday, May 2nd. Truist Financial decreased their price target on Kforce from $50.00 to $46.00 and set a "hold" rating for the company in a research note on Tuesday, July 29th. Finally, UBS Group reduced their target price on Kforce from $45.00 to $40.00 and set a "neutral" rating for the company in a report 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. Based on data from MarketBeat.com, Kforce presently has a consensus rating of "Hold" and a consensus price target of $52.33.

Kforce Stock Performance

Shares of KFRC stock traded down $0.03 during mid-day trading on Thursday, reaching $32.63. The stock had a trading volume of 526,521 shares, compared to its average volume of 174,376. The firm's 50 day simple moving average is $38.60 and its 200 day simple moving average is $42.84. 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 firm has a market cap of $606.96 million, a PE ratio of 12.18 and a beta of 0.75. Kforce Inc. has a one year low of $30.44 and a one year high of $66.30.

Kforce (NASDAQ:KFRC - Get Free Report) last announced its quarterly 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 return on equity of 30.34% and a net margin of 3.59%.The firm's revenue for the quarter was down 6.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.75 EPS. Kforce has set its Q3 2025 guidance at 0.530-0.61 EPS. On average, analysts forecast that Kforce Inc. will post 2.7 EPS for the current year.

Kforce Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, September 26th. Investors of record on Friday, September 12th will be issued a $0.39 dividend. 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 4.8%. Kforce's dividend payout ratio (DPR) 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.