Kforce (NASDAQ:KFRC) Hits New 1-Year Low - What's Next?

Key Points

• Kforce Inc. (NASDAQ:KFRC) shares have hit a new 52-week low, trading at $30.42, with analysts recently lowering their price targets for the stock.
• The company reported a quarterly earnings miss with $0.59 EPS, compared to the consensus estimate of $0.60, and a year-over-year revenue decline of 6.2%.
• Kforce has announced a quarterly dividend of $0.39 per share, which results in an annualized yield of 5.1%, with a payout ratio of 65.27%.

Shares of Kforce Inc. (NASDAQ:KFRC - Get Free Report) hit a new 52-week low on Tuesday . The company traded as low as $30.42 and last traded at $30.49, with a volume of 207535 shares. The stock had previously closed at $31.05.

Wall Street Analysts Forecast Growth

KFRC has been the subject of several recent research reports. Truist Financial decreased their price objective on Kforce from $50.00 to $46.00 and set a "hold" rating for the company in a report on Tuesday, July 29th. UBS Group decreased their price objective on Kforce from $45.00 to $40.00 and set a "neutral" rating for the company in a report on Wednesday, July 30th. One research analyst has rated the stock with a Buy rating and two have given a Hold rating to the company's stock. Based on data from MarketBeat.com, Kforce presently has a consensus rating of "Hold" and a consensus target price of $52.33.

Kforce Stock Performance

The company has a 50-day simple moving average of $37.19 and a two-hundred day simple moving average of $41.73. The company has a quick ratio of 2.06, a current ratio of 2.06 and a debt-to-equity ratio of 0.16. The firm has a market cap of $567.05 million, a PE ratio of 11.38 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 earnings per share 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 business 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 EPS. The firm's revenue for the quarter was down 6.2% on a year-over-year basis. Kforce has set its Q3 2025 guidance at 0.530-0.61 EPS. As a group, equities research analysts forecast that Kforce Inc. will post 2.7 earnings per share for the current year.

Kforce Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 26th. Investors of record on Friday, September 12th will be paid a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a dividend yield of 5.1%. The ex-dividend date is Friday, September 12th. Kforce's payout ratio is presently 65.27%.

Institutional Trading of Kforce

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Kayne Anderson Rudnick Investment Management LLC raised its stake in shares of Kforce by 0.4% during the 1st quarter. Kayne Anderson Rudnick Investment Management LLC now owns 2,271,022 shares of the business services provider's stock valued at $111,030,000 after purchasing an additional 9,050 shares during the period. Charles Schwab Investment Management Inc. raised its stake in shares of Kforce by 6.6% during 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 period. Geode Capital Management LLC raised its stake in shares of Kforce by 0.6% during the 2nd quarter. Geode Capital Management LLC now owns 511,072 shares of the business services provider's stock valued at $21,021,000 after purchasing an additional 3,173 shares during the period. Tributary Capital Management LLC raised its stake in shares of Kforce by 9.3% during 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 period. Finally, Wellington Management Group LLP raised its stake in shares of Kforce by 36.3% during 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 period. 92.77% of the stock is currently owned by institutional investors.

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.

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