Russell Investments Group Ltd. Grows Stock Position in Kforce Inc. $KFRC

Key Points

• Russell Investments Group Ltd. increased its stake in Kforce Inc. by 105.9%, acquiring an additional 9,357 shares, bringing its total ownership to approximately 0.10% of the company.
• Equities analysts have downgraded Kforce's rating, with Truist Financial reducing the price target from $50.00 to $46.00 and setting a "hold" rating.
• Kforce announced a quarterly dividend of $0.39, representing a 4.8% yield, with the payment scheduled for September 26th to stockholders of record on September 12th.

Russell Investments Group Ltd. lifted its position in shares of Kforce Inc. (NASDAQ:KFRC - Free Report) by 105.9% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 18,195 shares of the business services provider's stock after buying an additional 9,357 shares during the quarter. Russell Investments Group Ltd. owned approximately 0.10% of Kforce worth $890,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Charles Schwab Investment Management Inc. raised 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 valued at $39,552,000 after purchasing an additional 50,044 shares during the last quarter. Tributary Capital Management LLC raised its stake in Kforce by 9.3% in the 1st quarter. Tributary Capital Management LLC now owns 462,268 shares of the business services provider's stock valued at $22,600,000 after purchasing an additional 39,338 shares during the last quarter. Wellington Management Group LLP raised its stake in Kforce by 36.3% in the 4th quarter. Wellington Management Group LLP now owns 297,111 shares of the business services provider's stock valued at $16,846,000 after purchasing an additional 79,100 shares during the last quarter. Northern Trust Corp raised its stake in Kforce by 5.6% in the 4th quarter. Northern Trust Corp now owns 258,765 shares of the business services provider's stock valued at $14,672,000 after purchasing an additional 13,811 shares during the last quarter. Finally, Envestnet Asset Management Inc. raised its stake in Kforce by 5.4% in the 1st quarter. Envestnet Asset Management Inc. now owns 175,433 shares of the business services provider's stock valued at $8,577,000 after purchasing an additional 8,995 shares during the last quarter. Institutional investors and hedge funds own 92.77% of the company's stock.

Kforce Trading Up 2.8%

Shares of NASDAQ KFRC traded up $0.88 on Thursday, reaching $31.78. 237,560 shares of the company traded hands, compared to its average volume of 175,433. Kforce Inc. has a fifty-two week low of $30.44 and a fifty-two week high of $64.59. The company has a 50 day moving average of $37.58 and a 200 day moving average of $42.08. 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 stock has a market capitalization of $591.04 million, a PE ratio of 11.86 and a beta of 0.68.

Kforce (NASDAQ:KFRC - Get Free Report) last posted its quarterly earnings data on Monday, July 28th. The business services provider reported $0.59 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 company had revenue of $334.32 million for the quarter, compared to analyst estimates of $333.78 million. During the same period in the prior year, the company earned $0.75 EPS. The company's revenue was down 6.2% compared to the same quarter last year. Kforce has set its Q3 2025 guidance at 0.530-0.61 EPS. On average, equities research analysts forecast 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. Stockholders of record on Friday, September 12th will be issued a dividend of $0.39 per share. The ex-dividend date is Friday, September 12th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 4.9%. Kforce's payout ratio is presently 65.27%.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on KFRC shares. Truist Financial cut their target price on shares of Kforce from $50.00 to $46.00 and set a "hold" rating for the company in a research note on Tuesday, July 29th. UBS Group cut their target price on shares of Kforce from $45.00 to $40.00 and set a "neutral" rating for the company in a research note on Wednesday, July 30th. One equities research analyst has rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, Kforce presently has a consensus rating of "Hold" and an average target price 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.