Kforce (NASDAQ:KFRC) Sets New 12-Month Low - Here's What Happened

Key Points

• Kforce Inc. (NASDAQ:KFRC) experienced a decline in stock price, hitting a new 52-week low of $29.21 during trading on Tuesday.
• Analysts have lowered their price targets for Kforce, with UBS Group reducing theirs from $45.00 to $40.00, and the stock currently holds a consensus rating of "Hold".
• The company reported $0.59 EPS for its latest quarter, missing consensus estimates and reflecting a year-over-year revenue decline of 6.2%.

Kforce Inc. (NASDAQ:KFRC - Get Free Report)'s stock price hit a new 52-week low during trading on Tuesday . The stock traded as low as $29.26 and last traded at $29.21, with a volume of 187566 shares. The stock had previously closed at $30.36.

Analyst Ratings Changes

Several research firms have recently issued reports on KFRC. UBS Group reduced their price target on Kforce from $45.00 to $40.00 and set a "neutral" rating on the stock in a research report on Wednesday, July 30th. Truist Financial decreased their price objective on Kforce from $50.00 to $46.00 and set a "hold" rating for the company in a research note on Tuesday, July 29th. Finally, Zacks Research raised Kforce from a "strong sell" rating to a "hold" rating in a research note on Monday, September 29th. One investment analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $52.33.

Kforce Trading Down 3.7%

The business has a 50-day simple moving average of $31.77 and a two-hundred day simple moving average of $38.97. The stock has a market cap of $543.95 million, a price-to-earnings ratio of 10.91 and a beta of 0.66. The company has a debt-to-equity ratio of 0.16, a quick ratio of 2.06 and a current ratio of 2.06.

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

Kforce Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, September 26th. Stockholders of record on Friday, September 12th were paid a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a dividend yield of 5.3%. The ex-dividend date was Friday, September 12th. Kforce's payout ratio is currently 65.27%.

Institutional Trading of Kforce

Institutional investors have recently bought and sold shares of the business. Signaturefd LLC grew its holdings in shares of Kforce by 1,069.1% during the 1st quarter. Signaturefd LLC now owns 795 shares of the business services provider's stock worth $39,000 after purchasing an additional 727 shares in the last quarter. Quarry LP acquired a new stake in Kforce in the first quarter valued at about $42,000. GAMMA Investing LLC boosted its stake in Kforce by 752.7% in the third quarter. GAMMA Investing LLC now owns 1,441 shares of the business services provider's stock valued at $43,000 after buying an additional 1,272 shares in the last quarter. Meeder Asset Management Inc. boosted its stake in Kforce by 336.1% in the first quarter. Meeder Asset Management Inc. now owns 955 shares of the business services provider's stock valued at $47,000 after buying an additional 736 shares in the last quarter. Finally, Parkside Financial Bank & Trust boosted its stake in shares of Kforce by 3,756.3% in the 2nd quarter. Parkside Financial Bank & Trust now owns 1,234 shares of the business services provider's stock valued at $51,000 after purchasing an additional 1,202 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.