Vanguard Group Inc. Sells 24,774 Shares of Kforce Inc. $KFRC

Key Points

• Vanguard Group Inc. has decreased its stake in Kforce Inc. by 1.3%, now holding approximately 9.81% of the company, worth about $89.35 million.
• Kforce's recent earnings report revealed a missed EPS estimate of $0.59 compared to the consensus estimate of $0.60, with a revenue of $334.32 million.
• The company has declared a quarterly dividend of $0.39, with an annualized dividend yield of 4.7%, which will be paid on September 26th.

Vanguard Group Inc. reduced its position in Kforce Inc. (NASDAQ:KFRC - Free Report) by 1.3% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 1,827,637 shares of the business services provider's stock after selling 24,774 shares during the period. Vanguard Group Inc. owned 9.81% of Kforce worth $89,353,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in KFRC. Pacer Advisors Inc. acquired a new stake in shares of Kforce in the 1st quarter valued at $5,584,000. Raymond James Financial Inc. bought a new position in shares of Kforce in the 4th quarter worth $5,146,000. Wellington Management Group LLP boosted its position in shares of Kforce by 36.3% in the 4th quarter. Wellington Management Group LLP now owns 297,111 shares of the business services provider's stock worth $16,846,000 after purchasing an additional 79,100 shares during the last quarter. Voloridge Investment Management LLC boosted its position in shares of 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 last quarter. Finally, Squarepoint Ops LLC boosted its position in shares of 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 last quarter. 92.77% of the stock is owned by institutional investors and hedge funds.

Kforce Trading Down 0.1%

KFRC stock traded down $0.03 during midday trading on Thursday, hitting $32.63. 526,521 shares of the company's stock were exchanged, compared to its average volume of 174,376. The stock's fifty day moving average price is $38.45 and its 200-day moving average price is $42.71. 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 company has a market cap of $606.96 million, a PE ratio of 12.18 and a beta of 0.75. Kforce Inc. has a one year low of $30.44 and a one year high of $66.30.

Kforce (NASDAQ:KFRC - Get Free Report) last posted its earnings results on Monday, July 28th. The business services provider reported $0.59 earnings per share for the quarter, missing the consensus estimate of $0.60 by ($0.01). The business had revenue of $334.32 million for the quarter, compared to the consensus estimate of $333.78 million. Kforce had a return on equity of 30.34% and a net margin of 3.59%.The business's revenue was down 6.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.75 earnings per share. Kforce has set its Q3 2025 guidance at 0.530-0.61 EPS. Research analysts predict that Kforce Inc. will post 2.7 earnings per share for the current fiscal year.

Kforce Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 26th. Shareholders 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 annualized dividend and a yield of 4.8%. Kforce's payout ratio is currently 65.27%.

Analyst Ratings Changes

KFRC has been the topic of several recent research reports. Wall Street Zen lowered Kforce from a "buy" rating to a "hold" rating in a research report on Friday, May 2nd. Truist Financial reduced their price target on Kforce from $50.00 to $46.00 and set a "hold" rating on the stock in a research report on Tuesday, July 29th. Finally, UBS Group reduced their price target on Kforce from $45.00 to $40.00 and set a "neutral" rating on the stock in a research report on Wednesday, July 30th. One analyst has rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $52.33.

Kforce 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.