Kforce Inc. $KFRC Stock Position Reduced by Arrowstreet Capital Limited Partnership

Key Points

• Arrowstreet Capital reduced its Kforce position by 34.2% in the first quarter, selling 22,900 shares and retaining 44,055 shares worth approximately $1.29 million. Institutional investors still own 92.77% of KFRC, with several other firms increasing their holdings.
• Kforce reported quarterly earnings of $0.73 per share, exceeding estimates of $0.70, while revenue rose 4.5% year over year to $349.33 million. The company issued third-quarter EPS guidance of $0.71 to $0.79.
• Analysts maintain a consensus “Hold” rating, with an average price target of $60.67. Kforce also declared a quarterly dividend of $0.40 per share, equivalent to a 2.7% annualized yield.

Arrowstreet Capital Limited Partnership decreased its position in Kforce Inc. (NASDAQ:KFRC - Free Report) by 34.2% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 44,055 shares of the business services provider's stock after selling 22,900 shares during the quarter. Arrowstreet Capital Limited Partnership owned 0.25% of Kforce worth $1,288,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in KFRC. Charles Schwab Investment Management Inc. lifted its holdings in shares of Kforce by 4.9% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 893,564 shares of the business services provider's stock worth $27,629,000 after purchasing an additional 41,740 shares during the last quarter. Copeland Capital Management LLC grew its position in shares of Kforce by 51.5% during the first quarter. Copeland Capital Management LLC now owns 666,331 shares of the business services provider's stock worth $19,484,000 after acquiring an additional 226,520 shares during the last quarter. Deprince Race & Zollo Inc. grew its position in shares of Kforce by 30.7% during the fourth quarter. Deprince Race & Zollo Inc. now owns 499,733 shares of the business services provider's stock worth $15,452,000 after acquiring an additional 117,290 shares during the last quarter. AQR Capital Management LLC increased its holdings in shares of Kforce by 81.3% in the 4th quarter. AQR Capital Management LLC now owns 442,523 shares of the business services provider's stock worth $13,683,000 after acquiring an additional 198,447 shares during the period. Finally, Jacobs Levy Equity Management Inc. increased its holdings in shares of Kforce by 144.5% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 411,706 shares of the business services provider's stock worth $12,343,000 after acquiring an additional 243,303 shares during the period. 92.77% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

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

• Kforce NASDAQ: KFRC Stock is a Workforce Recovery Play

Kforce Trading Down 0.5%

NASDAQ KFRC opened at $58.35 on Friday. The stock has a market cap of $1.05 billion, a price-to-earnings ratio of 21.77 and a beta of 0.85. Kforce Inc. has a twelve month low of $24.49 and a twelve month 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 firm's 50 day moving average price is $52.00 and its two-hundred day moving average price is $39.58.

Kforce (NASDAQ:KFRC - Get Free Report) last posted its quarterly earnings results on Monday, July 27th. The business services provider reported $0.73 EPS for the quarter, topping the consensus estimate of $0.70 by $0.03. Kforce had a net margin of 3.59% and a return on equity of 30.34%. The business had revenue of $349.33 million during the quarter, compared to analysts' expectations of $348.11 million. During the same period last year, the company posted $0.59 earnings per share. 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. Equities analysts anticipate that Kforce Inc. will post 2.7 EPS for the current year.

Kforce Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 25th. Investors of record on Friday, September 11th will be paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date of this dividend is Friday, September 11th. Kforce's dividend payout ratio (DPR) is presently 75.47%.

About Kforce

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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