Vestmark Advisory Solutions Inc. Has $1.58 Million Stock Holdings in Kforce Inc. $KFRC

Key Points

• Vestmark Advisory Solutions Inc. raised its holdings in Kforce Inc. by 92.0%, owning approximately 32,236 shares now valued at $1,576,000 after acquiring an additional 15,448 shares in the 1st quarter.
• Kforce's recent quarterly earnings report indicated it missed earnings expectations, with earnings per share of $0.59, falling short of the $0.60 consensus, and revenue down 6.2% compared to the previous year.
• The company announced a quarterly dividend of $0.39 per share to be paid on September 26th, representing a 4.8% dividend yield and a payout ratio of 65.27%.

Vestmark Advisory Solutions Inc. increased its stake in shares of Kforce Inc. (NASDAQ:KFRC - Free Report) by 92.0% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 32,236 shares of the business services provider's stock after buying an additional 15,448 shares during the period. Vestmark Advisory Solutions Inc. owned 0.17% of Kforce worth $1,576,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Bank of New York Mellon Corp lifted its position in Kforce by 0.3% during the 1st quarter. Bank of New York Mellon Corp now owns 149,463 shares of the business services provider's stock worth $7,307,000 after buying an additional 492 shares in the last quarter. Envestnet Asset Management Inc. lifted its position in Kforce by 5.4% during the 1st quarter. Envestnet Asset Management Inc. now owns 175,433 shares of the business services provider's stock worth $8,577,000 after buying an additional 8,995 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its position in Kforce by 10.8% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 14,019 shares of the business services provider's stock worth $687,000 after buying an additional 1,362 shares in the last quarter. Janney Montgomery Scott LLC lifted its position in Kforce by 3.8% during the 1st quarter. Janney Montgomery Scott LLC now owns 35,834 shares of the business services provider's stock worth $1,752,000 after buying an additional 1,311 shares in the last quarter. Finally, Northern Trust Corp lifted its position in Kforce by 5.6% during the 4th quarter. Northern Trust Corp now owns 258,765 shares of the business services provider's stock worth $14,672,000 after buying an additional 13,811 shares in the last quarter. Institutional investors and hedge funds own 92.77% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the stock. Truist Financial reduced 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 cut their target price on shares of Kforce from $45.00 to $40.00 and set a "neutral" rating on the stock in a research report on Wednesday, July 30th. Finally, Wall Street Zen downgraded shares of Kforce from a "buy" rating to a "hold" rating in a research report on Friday, May 2nd. One equities research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, Kforce presently has an average rating of "Hold" and an average target price of $52.33.

Kforce Trading Up 7.0%

Shares of NASDAQ:KFRC traded up $2.21 during mid-day trading on Friday, reaching $33.60. The stock had a trading volume of 173,914 shares, compared to its average volume of 167,330. The firm has a market cap of $624.93 million, a PE ratio of 12.57 and a beta of 0.75. The firm has a 50 day simple moving average of $39.18 and a two-hundred day simple moving average of $43.40. The company has a current ratio of 2.06, a quick ratio of 2.06 and a debt-to-equity ratio of 0.16. Kforce Inc. has a twelve month low of $30.44 and a twelve month high of $67.33.

Kforce (NASDAQ:KFRC - Get Free Report) last announced its quarterly 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). The firm had revenue of $334.32 million during the quarter, compared to analyst estimates of $333.78 million. Kforce had a net margin of 3.59% and a return on equity of 30.34%. The business's revenue was down 6.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.75 earnings per share. Kforce has set its Q3 2025 guidance at 0.530-0.61 EPS. On average, research analysts predict that Kforce Inc. will post 2.7 EPS for the current fiscal year.

Kforce Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, September 26th. Investors of record on Friday, September 12th will be given a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a dividend yield of 4.6%. The ex-dividend date is Friday, September 12th. Kforce's dividend payout ratio (DPR) is currently 65.27%.

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.