Kforce (NASDAQ:KFRC) Shares Pass Above 200 Day Moving Average - Here's Why

Kforce Inc. (NASDAQ:KFRC - Get Free Report)'s share price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $30.73 and traded as high as $43.58. Kforce shares last traded at $43.40, with a volume of 184,931 shares.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. Robert W. Baird raised their target price on Kforce from $40.00 to $42.00 and gave the stock an "outperform" rating in a report on Tuesday, April 28th. Zacks Research upgraded Kforce from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, April 29th. Truist Financial increased their price target on Kforce from $35.00 to $38.00 and gave the stock a "hold" rating in a research note on Tuesday, January 27th. William Blair upgraded Kforce from a "market perform" rating to an "outperform" rating in a research note on Tuesday, April 21st. Finally, UBS Group increased their price target on Kforce from $34.50 to $39.00 and gave the stock a "neutral" rating in a research note on Tuesday, February 3rd. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, Kforce currently has a consensus rating of "Moderate Buy" and a consensus price target of $39.67.

Kforce Price Performance

The company has a current ratio of 2.06, a quick ratio of 2.06 and a debt-to-equity ratio of 0.16. The firm has a market cap of $773.91 million, a PE ratio of 16.19 and a beta of 0.87. The stock has a 50 day simple moving average of $30.51 and a 200-day simple moving average of $30.73.

Kforce (NASDAQ:KFRC - Get Free Report) last issued its quarterly earnings results on Monday, April 27th. The business services provider reported $0.46 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.40 by $0.06. The business had revenue of $330.36 million during the quarter, compared to analyst estimates of $329.32 million. Kforce had a return on equity of 30.34% and a net margin of 3.59%.Kforce's revenue for the quarter was up .1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.45 EPS. Kforce has set its Q2 2026 guidance at 0.670-0.750 EPS. Equities analysts anticipate that Kforce Inc. will post 2.7 earnings per share for the current fiscal year.

Kforce Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 26th. Stockholders of record on Friday, June 12th will be given a dividend of $0.40 per share. The ex-dividend date is Friday, June 12th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 3.7%. Kforce's dividend payout ratio (DPR) is presently 80.81%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Meeder Asset Management Inc. purchased a new position in shares of Kforce during the first quarter valued at approximately $75,000. Copeland Capital Management LLC boosted its position in shares of Kforce by 51.5% during the first quarter. Copeland Capital Management LLC now owns 666,331 shares of the business services provider's stock valued at $19,484,000 after buying an additional 226,520 shares during the period. Bessemer Group Inc. boosted its position in shares of Kforce by 2.2% during the first quarter. Bessemer Group Inc. now owns 110,966 shares of the business services provider's stock valued at $3,245,000 after buying an additional 2,423 shares during the period. Principal Financial Group Inc. purchased a new position in shares of Kforce during the first quarter valued at approximately $1,249,000. Finally, Fifth Third Bancorp purchased a new position in shares of Kforce during the first quarter valued at approximately $341,000. Hedge funds and other institutional investors own 92.77% of the company's stock.

Kforce Company Profile

Kforce Inc is a professional staffing services firm headquartered in Tampa, Florida, trading on NASDAQ under the symbol KFRC. The company specializes in connecting organizations with skilled talent in technology, finance and accounting, and related business functions. Through a nationwide network of offices, Kforce partners with clients across industries to deliver both flexible contract staffing and direct hire placement solutions.

Kforce's core offerings include temporary staffing, permanent placement, and project-based consulting engagements.

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