Walleye Capital LLC Makes New Investment in Kforce Inc. $KFRC

Key Points

• Walleye Capital LLC has taken a new position in Kforce Inc. by purchasing 8,542 shares valued at approximately $418,000 in the first quarter, according to their SEC filing.
• Multiple hedge funds have significantly increased their holdings in Kforce, with 92.77% of the stock currently owned by institutional investors.
• Kforce reported Q2 earnings of $0.59 per share, missing estimates, and has declared a quarterly dividend of $0.39, yielding 4.9% annually.

Walleye Capital LLC bought a new stake in shares of Kforce Inc. (NASDAQ:KFRC - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 8,542 shares of the business services provider's stock, valued at approximately $418,000.

Several other large investors have also modified their holdings of KFRC. Pacer Advisors Inc. purchased a new position in shares of Kforce during the first quarter valued at approximately $5,584,000. Wellington Management Group LLP boosted its position in shares of Kforce by 36.3% during the fourth quarter. Wellington Management Group LLP now owns 297,111 shares of the business services provider's stock valued at $16,846,000 after buying an additional 79,100 shares during the period. Voloridge Investment Management LLC boosted its position in shares of Kforce by 670.8% during the fourth quarter. Voloridge Investment Management LLC now owns 69,713 shares of the business services provider's stock valued at $3,953,000 after buying an additional 60,669 shares during the period. Charles Schwab Investment Management Inc. boosted its position in shares of Kforce by 6.6% during the first quarter. Charles Schwab Investment Management Inc. now owns 809,007 shares of the business services provider's stock valued at $39,552,000 after buying an additional 50,044 shares during the period. Finally, Squarepoint Ops LLC boosted its position in shares of Kforce by 912.4% during the fourth quarter. Squarepoint Ops LLC now owns 49,781 shares of the business services provider's stock valued at $2,823,000 after buying an additional 44,864 shares during the period. Hedge funds and other institutional investors own 92.77% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on KFRC shares. UBS Group decreased their price target 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. Truist Financial reduced their price objective 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. One investment analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $52.33.

Kforce Stock Up 0.7%

NASDAQ KFRC traded up $0.21 on Friday, hitting $32.08. The stock had a trading volume of 261,331 shares, compared to its average volume of 175,941. The business's fifty day moving average price is $37.58 and its 200 day moving average price is $42.08. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.06 and a quick ratio of 2.06. Kforce Inc. has a 52-week low of $30.44 and a 52-week high of $64.07. The stock has a market cap of $596.64 million, a price-to-earnings ratio of 11.97 and a beta of 0.68.

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

Kforce Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 26th. Shareholders of record on Friday, September 12th will be issued a $0.39 dividend. This represents a $1.56 annualized dividend and a yield of 4.9%. The ex-dividend date of this dividend is Friday, September 12th. Kforce's dividend payout ratio is presently 65.27%.

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.