Kforce (NASDAQ:KFRC) Price Target Lowered to $40.00 at UBS Group

Kforce (NASDAQ:KFRC - Get Free Report) had its target price decreased by UBS Group from $47.00 to $40.00 in a note issued to investors on Wednesday,Benzinga reports. The firm currently has a "neutral" rating on the business services provider's stock. UBS Group's price target would indicate a potential upside of 3.39% from the company's current price.

Separately, Truist Financial reduced their price objective on shares of Kforce from $58.00 to $50.00 and set a "hold" rating for the company in a research note on Tuesday, April 15th.

Kforce Stock Up 1.0 %

NASDAQ KFRC traded up $0.39 on Wednesday, reaching $38.69. The stock had a trading volume of 225,651 shares, compared to its average volume of 125,558. 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 has a 1 year low of $35.50 and a 1 year high of $71.48. The business has a 50 day moving average price of $46.84 and a 200 day moving average price of $53.13. The company has a market capitalization of $739.40 million, a price-to-earnings ratio of 14.44 and a beta of 0.76.

Kforce (NASDAQ:KFRC - Get Free Report) last announced its quarterly earnings results on Monday, April 28th. The business services provider reported $0.45 EPS for the quarter, missing the consensus estimate of $0.48 by ($0.03). The firm had revenue of $330.03 million during the quarter, compared to the consensus estimate of $334.61 million. Kforce had a net margin of 3.59% and a return on equity of 30.34%. The company's quarterly revenue was down 6.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.58 EPS. On average, analysts forecast that Kforce will post 2.7 EPS for the current fiscal year.

Hedge Funds Weigh In On Kforce

A number of institutional investors have recently modified their holdings of the company. Atria Investments Inc lifted its position in shares of Kforce by 3.1% during the 4th quarter. Atria Investments Inc now owns 7,058 shares of the business services provider's stock worth $400,000 after purchasing an additional 209 shares during the last quarter. Access Investment Management LLC lifted its holdings in shares of Kforce by 0.7% during the fourth quarter. Access Investment Management LLC now owns 36,605 shares of the business services provider's stock worth $2,076,000 after buying an additional 265 shares during the last quarter. Blue Trust Inc. boosted its position in shares of Kforce by 17.9% in the fourth quarter. Blue Trust Inc. now owns 1,810 shares of the business services provider's stock valued at $111,000 after acquiring an additional 275 shares during the period. Exchange Traded Concepts LLC grew its stake in shares of Kforce by 6.0% in the fourth quarter. Exchange Traded Concepts LLC now owns 5,154 shares of the business services provider's stock worth $292,000 after acquiring an additional 293 shares during the last quarter. Finally, MetLife Investment Management LLC increased its position in Kforce by 2.9% during the fourth quarter. MetLife Investment Management LLC now owns 11,189 shares of the business services provider's stock worth $634,000 after acquiring an additional 312 shares during the period. Institutional investors own 92.77% of the company's stock.

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.