Northern Trust Corp Purchases 9,384 Shares of Kforce Inc. $KFRC

Key Points

• Northern Trust Corp increased its stake in Kforce Inc. by 3.6%, acquiring 9,384 additional shares, now owning a total of 268,149 shares valued at $13.1 million.
• Kforce recently announced a quarterly dividend of $0.39 per share, resulting in an annualized yield of 5.1% and a payout ratio of 65.27%.
• Analysts have adjusted their price targets for Kforce, with Truist Financial lowering it from $50 to $46 and UBS Group from $45 to $40, maintaining a general consensus rating of "Hold".

Northern Trust Corp grew its position in Kforce Inc. (NASDAQ:KFRC - Free Report) by 3.6% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 268,149 shares of the business services provider's stock after acquiring an additional 9,384 shares during the period. Northern Trust Corp owned 1.44% of Kforce worth $13,110,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of KFRC. Pacer Advisors Inc. acquired a new stake in Kforce during the 1st quarter worth $5,584,000. Wellington Management Group LLP increased its holdings in shares of Kforce by 36.3% in the fourth quarter. Wellington Management Group LLP now owns 297,111 shares of the business services provider's stock worth $16,846,000 after acquiring an additional 79,100 shares in the last quarter. Voloridge Investment Management LLC boosted its stake in Kforce by 670.8% in 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. boosted its stake in Kforce by 6.6% in 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 boosted its stake in Kforce by 912.4% in 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. Institutional investors and hedge funds own 92.77% of the company's stock.

Kforce Stock Performance

NASDAQ KFRC opened at $30.86 on Thursday. The company has a current ratio of 2.06, a quick ratio of 2.06 and a debt-to-equity ratio of 0.16. The firm has a market capitalization of $573.97 million, a price-to-earnings ratio of 11.51 and a beta of 0.68. The firm's 50 day simple moving average is $37.76 and its 200 day simple moving average is $42.20. Kforce Inc. has a 1 year low of $30.44 and a 1 year high of $64.70.

Kforce (NASDAQ:KFRC - Get Free Report) last issued its earnings results on Monday, July 28th. The business services provider reported $0.59 earnings per share 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 company had revenue of $334.32 million during the quarter, compared to analyst estimates of $333.78 million. During the same quarter in the prior year, the business earned $0.75 EPS. 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. As a group, research analysts expect that Kforce Inc. will post 2.7 earnings per share for the current fiscal year.

Kforce Announces Dividend

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

Analyst Upgrades and Downgrades

KFRC has been the topic of several analyst reports. Truist Financial cut their price target on shares of Kforce from $50.00 to $46.00 and set a "hold" rating on the stock in a research report on Tuesday, July 29th. UBS Group lowered their price target on shares of Kforce from $45.00 to $40.00 and set a "neutral" rating on the stock in a report on Wednesday, July 30th. One analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $52.33.

About Kforce

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.

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