UBS Group Issues Pessimistic Forecast for Kforce (NASDAQ:KFRC) Stock Price

Kforce (NASDAQ:KFRC - Get Free Report) had its target price decreased by investment analysts at UBS Group from $47.00 to $40.00 in a research report issued on Wednesday,Benzinga reports. The brokerage presently has a "neutral" rating on the business services provider's stock. UBS Group's target price would indicate a potential upside of 6.41% from the company's current price.

Separately, Truist Financial decreased 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 Trading Down 2.7 %

Shares of KFRC stock traded down $1.03 during mid-day trading on Wednesday, hitting $37.59. 191,690 shares of the company's stock were exchanged, compared to its average volume of 125,887. Kforce has a fifty-two week low of $35.50 and a fifty-two week high of $71.48. The stock has a 50-day simple moving average of $46.84 and a two-hundred day simple moving average of $53.08. The stock has a market cap of $718.38 million, a price-to-earnings ratio of 14.03 and a beta of 0.76. The company has a quick ratio of 2.06, a current ratio of 2.06 and a debt-to-equity ratio of 0.16.

Kforce (NASDAQ:KFRC - Get Free Report) last announced its earnings results on Monday, April 28th. The business services provider reported $0.45 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.48 by ($0.03). The business had revenue of $330.03 million for the quarter, compared to analysts' expectations of $334.61 million. Kforce had a return on equity of 30.34% and a net margin of 3.59%. The firm's 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 earnings per share. Equities analysts expect that Kforce will post 2.7 EPS for the current fiscal year.

Hedge Funds Weigh In On Kforce

Several hedge funds have recently modified their holdings of the stock. Marshall Wace LLP bought a new stake in Kforce in the 4th quarter valued at about $6,683,000. Tributary Capital Management LLC grew its holdings in Kforce by 38.3% during the 4th quarter. Tributary Capital Management LLC now owns 422,930 shares of the business services provider's stock worth $23,980,000 after acquiring an additional 117,231 shares during the period. Raymond James Financial Inc. bought a new stake in shares of Kforce in the 4th quarter valued at $5,146,000. Proficio Capital Partners LLC acquired a new position in Kforce during the 4th quarter worth approximately $4,951,000. Finally, Wellington Management Group LLP lifted its stake in shares of Kforce by 36.3% in 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 in the last quarter. 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.