Man Group plc Invests $2.37 Million in Kforce Inc. $KFRC

Key Points

• Man Group plc purchased 50,594 Kforce shares worth approximately $2.37 million, representing about 0.28% of the company. Institutional investors collectively own 92.77% of Kforce.
• Analyst sentiment remains mixed, with a consensus “Hold” rating and average price target of $60.67; Truist and Robert W. Baird recently raised their targets to $60 and $63, respectively.
• Kforce exceeded quarterly earnings expectations with $0.73 in EPS and $349.33 million in revenue, while declaring a quarterly dividend of $0.40 per share, equivalent to a 2.9% yield.

Man Group plc purchased a new stake in shares of Kforce Inc. (NASDAQ:KFRC - Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 50,594 shares of the business services provider's stock, valued at approximately $2,374,000. Man Group plc owned approximately 0.28% of Kforce at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of the stock. BlackRock Inc. purchased a new stake in Kforce during the 2nd quarter valued at about $73,001,000. Charles Schwab Investment Management Inc. raised its holdings in Kforce by 4.9% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 893,564 shares of the business services provider's stock worth $27,629,000 after buying an additional 41,740 shares during the last quarter. Copeland Capital Management LLC lifted its stake in shares of 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 buying an additional 226,520 shares in the last quarter. AQR Capital Management LLC lifted its stake in shares of Kforce by 81.3% in the fourth quarter. AQR Capital Management LLC now owns 442,523 shares of the business services provider's stock worth $13,683,000 after buying an additional 198,447 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. grew its holdings in shares of Kforce by 144.5% during the third quarter. Jacobs Levy Equity Management Inc. now owns 411,706 shares of the business services provider's stock valued at $12,343,000 after buying an additional 243,303 shares during the last quarter. Hedge funds and other institutional investors own 92.77% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on KFRC shares. Truist Financial raised 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 Kforce in a research report on Tuesday, July 28th. Zacks Research downgraded Kforce from a "strong-buy" rating to a "hold" rating in a research note on Monday, June 29th. Finally, Robert W. Baird lifted their target price on Kforce from $42.00 to $63.00 and gave the stock an "outperform" rating in a report on Tuesday, July 28th. Two analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $60.67.

• Kforce NASDAQ: KFRC Stock is a Workforce Recovery Play

Kforce Price Performance

KFRC opened at $54.49 on Wednesday. The company's 50-day simple moving average is $55.74 and its two-hundred day simple moving average is $42.53. 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 stock has a market capitalization of $975.86 million, a P/E ratio of 20.33 and a beta of 0.85. Kforce Inc. has a 52-week low of $24.49 and a 52-week high of $61.68.

Kforce (NASDAQ:KFRC - Get Free Report) last announced its quarterly earnings results on Monday, July 27th. The business services provider reported $0.73 EPS for the quarter, topping analysts' consensus estimates of $0.70 by $0.03. The firm had revenue of $349.33 million during the quarter, compared to analyst estimates of $348.11 million. Kforce had a net margin of 3.59% and a return on equity of 30.34%. The business's revenue for the quarter was up 4.5% on a year-over-year basis. During the same period in the previous year, the business posted $0.59 earnings per share. Kforce has set its Q3 2026 guidance at 0.710-0.790 EPS. As a group, analysts predict that Kforce Inc. will post 2.7 EPS for the current year.

Kforce Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, September 25th. Stockholders of record on Friday, September 11th will be issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 2.9%. The ex-dividend date of this dividend is Friday, September 11th. Kforce's dividend payout ratio is presently 75.47%.

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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