Public Employees Retirement System of Ohio Makes New $4.34 Million Investment in Kforce Inc. $KFRC

Key Points

• Public Employees Retirement System of Ohio acquired 92,411 Kforce shares worth approximately $4.34 million, representing about 0.52% of the company. Institutional investors collectively own 92.77% of Kforce.
• Kforce exceeded quarterly expectations, reporting $0.73 in EPS versus the $0.70 consensus and revenue of $349.33 million, up 4.5% year over year. Analysts have a consensus “Hold” rating and an average price target of $60.67.
• Kforce declared a quarterly dividend of $0.40 per share, equivalent to $1.60 annually and a 3.0% yield. Shares opened at $53.74, below their 52-week high of $61.68.

Public Employees Retirement System of Ohio acquired a new stake in Kforce Inc. (NASDAQ:KFRC - Free Report) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 92,411 shares of the business services provider's stock, valued at approximately $4,336,000. Public Employees Retirement System of Ohio owned approximately 0.52% of Kforce at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the company. BlackRock Inc. purchased a new position in Kforce in the second quarter valued at approximately $73,001,000. Charles Schwab Investment Management Inc. grew its stake in Kforce by 4.9% during 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 period. Copeland Capital Management LLC increased its position 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 acquiring an additional 226,520 shares in the last quarter. AQR Capital Management LLC raised its stake 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 valued at $13,683,000 after acquiring an additional 198,447 shares during the period. Finally, Jacobs Levy Equity Management Inc. raised its stake 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 valued at $12,343,000 after acquiring an additional 243,303 shares during the period. Hedge funds and other institutional investors own 92.77% of the company's stock.

Analyst Ratings Changes

Several research analysts have commented on the company. Robert W. Baird raised their price objective on Kforce from $42.00 to $63.00 and gave the company an "outperform" rating in a research report on Tuesday, July 28th. UBS Group set a $59.00 target price on Kforce in a research note on Tuesday, July 28th. Truist Financial boosted their price target on Kforce from $38.00 to $60.00 and gave the stock a "hold" rating in a research report on Wednesday, July 22nd. Finally, Zacks Research cut Kforce from a "strong-buy" rating to a "hold" rating in a report on Monday, June 29th. Two equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $60.67.

• Kforce NASDAQ: KFRC Stock is a Workforce Recovery Play

Kforce Stock Down 0.6%

Shares of NASDAQ KFRC opened at $53.74 on Friday. The company has a debt-to-equity ratio of 0.16, a quick ratio of 2.06 and a current ratio of 2.06. Kforce Inc. has a 1 year low of $24.49 and a 1 year high of $61.68. The stock's 50-day simple moving average is $56.02 and its 200-day simple moving average is $42.88. The firm has a market cap of $962.43 million, a price-to-earnings ratio of 20.05 and a beta of 0.86.

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

Kforce Announces Dividend

The business also recently declared 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 3.0%. The ex-dividend date is Friday, September 11th. Kforce's payout ratio is 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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