Magnetar Financial LLC Has $603,000 Stock Position in Kforce Inc. $KFRC

Key Points

• Magnetar Financial LLC increased its holdings in Kforce Inc. by 168.7% in the 1st quarter, bringing its total ownership to 12,342 shares valued at approximately $603,000.
• Analysts have adjusted their price targets for Kforce, with Truist Financial lowering it from $50 to $46, while UBS Group reduced their target from $45 to $40, indicating a shift towards more conservative evaluations.
• Kforce recently declared a quarterly dividend of $0.39, representing an annual yield of 4.8%, with a payout ratio currently at 65.27% as of September 12.

Magnetar Financial LLC raised its holdings in Kforce Inc. (NASDAQ:KFRC - Free Report) by 168.7% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 12,342 shares of the business services provider's stock after acquiring an additional 7,748 shares during the quarter. Magnetar Financial LLC owned about 0.07% of Kforce worth $603,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in KFRC. Signaturefd LLC increased 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 worth $39,000 after acquiring an additional 727 shares during the period. Point72 Asia Singapore Pte. Ltd. bought a new position in Kforce in the 4th quarter valued at $42,000. Meeder Asset Management Inc. raised its position 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 purchasing an additional 736 shares during the last quarter. Tower Research Capital LLC TRC raised its position in shares of Kforce by 147.3% during the fourth quarter. Tower Research Capital LLC TRC now owns 1,118 shares of the business services provider's stock worth $63,000 after acquiring an additional 666 shares during the last quarter. Finally, Point72 Asset Management L.P. bought a new stake in shares of Kforce during the fourth quarter worth $145,000. Institutional investors and hedge funds own 92.77% of the company's stock.

Kforce Stock Up 2.8%

Shares of NASDAQ KFRC traded up $0.88 during trading hours on Thursday, hitting $31.78. The company had a trading volume of 237,560 shares, compared to its average volume of 175,433. Kforce Inc. has a 1-year low of $30.44 and a 1-year high of $64.59. The stock has a market capitalization of $591.04 million, a P/E ratio of 11.86 and a beta of 0.68. The firm's 50 day moving average is $37.76 and its 200-day moving average is $42.20. 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 released 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 business had revenue of $334.32 million during the quarter, compared to analyst estimates of $333.78 million. During the same period in the previous year, the business earned $0.75 earnings per share. The business's quarterly revenue was down 6.2% on a year-over-year basis. Kforce has set its Q3 2025 guidance at 0.530-0.61 EPS. On average, analysts expect 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. Shareholders of record on Friday, September 12th will be given a dividend of $0.39 per share. The ex-dividend date is Friday, September 12th. This represents a $1.56 annualized dividend and a yield of 4.9%. Kforce's dividend payout ratio (DPR) is presently 65.27%.

Analyst Ratings Changes

Several analysts have weighed in on the company. UBS Group dropped their price objective on Kforce from $45.00 to $40.00 and set a "neutral" rating for the company in a report on Wednesday, July 30th. Truist Financial decreased their target price on Kforce from $50.00 to $46.00 and set a "hold" rating for the company in a research note on Tuesday, July 29th. One equities research analyst has rated the stock with a Buy rating and two have given a Hold rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $52.33.

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.