Truist Financial Issues Pessimistic Forecast for Kforce (NASDAQ:KFRC) Stock Price

Kforce (NASDAQ:KFRC - Get Free Report) had its target price lowered by equities researchers at Truist Financial from $58.00 to $50.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The firm currently has a "hold" rating on the business services provider's stock. Truist Financial's price objective indicates a potential upside of 13.24% from the stock's previous close.

Kforce Price Performance

NASDAQ:KFRC traded down $0.58 on Tuesday, reaching $44.15. 138,450 shares of the company's stock traded hands, compared to its average volume of 120,327. The firm has a market cap of $843.81 million, a PE ratio of 16.48 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. The stock has a 50-day simple moving average of $48.45 and a 200-day simple moving average of $54.14. Kforce has a 12 month low of $42.11 and a 12 month high of $71.48.

Institutional Investors Weigh In On Kforce

Institutional investors and hedge funds have recently modified their holdings of the stock. Harbor Capital Advisors Inc. increased its holdings in Kforce by 10.6% in the 4th quarter. Harbor Capital Advisors Inc. now owns 9,307 shares of the business services provider's stock valued at $528,000 after acquiring an additional 889 shares during the last quarter. Barclays PLC grew its position in shares of Kforce by 171.9% during the third quarter. Barclays PLC now owns 42,166 shares of the business services provider's stock valued at $2,591,000 after purchasing an additional 26,657 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of Kforce by 4.0% in the third quarter. Geode Capital Management LLC now owns 480,479 shares of the business services provider's stock worth $29,530,000 after purchasing an additional 18,386 shares during the last quarter. Blue Trust Inc. increased its holdings 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 worth $111,000 after purchasing an additional 275 shares during the last quarter. Finally, Heritage Family Offices LLP purchased a new stake in shares of Kforce in the fourth quarter worth about $258,000. Institutional investors own 92.77% of the company's stock.

Kforce Company 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.