Kforce (NASDAQ:KFRC) Share Price Crosses Above 200-Day Moving Average - What's Next?

Key Points

• Kforce shares crossed above their 200-day moving average, reaching $52.61 and last trading near $52.40, compared with a 200-day average of $46.20.
• Analyst sentiment remains mixed: Kforce has an average “Hold” rating and a consensus price target of $60.67, with recent targets ranging from $59 to $63.
• The company exceeded quarterly expectations with $0.73 in EPS and $349.33 million in revenue, while maintaining a quarterly dividend of $0.40 per share, equivalent to a 3.1% yield.

Kforce Inc. (NASDAQ:KFRC - Get Free Report)'s stock price crossed above its 200-day moving average during trading on Wednesday. The stock has a 200-day moving average of $46.20 and traded as high as $52.61. Kforce shares last traded at $52.3950, with a volume of 239,540 shares trading hands.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the company. UBS Group set a $59.00 target price on Kforce in a research note on Tuesday, July 28th. Robert W. Baird upped their price target on Kforce from $42.00 to $63.00 and gave the company an "outperform" rating in a research report on Tuesday, July 28th. Truist Financial increased their price objective on Kforce from $38.00 to $60.00 and gave the stock a "hold" rating in a report on Wednesday, July 22nd. Finally, Zacks Research cut Kforce from a "strong-buy" rating to a "hold" rating in a report on Monday, June 29th. Two research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company's stock. According to data from MarketBeat, Kforce currently has an average rating of "Hold" and a consensus target price of $60.67.

Kforce Trading Up 1.0%

• Kforce NASDAQ: KFRC Stock is a Workforce Recovery Play

The company has a debt-to-equity ratio of 0.16, a quick ratio of 2.06 and a current ratio of 2.06. The firm has a market capitalization of $938.34 million, a PE ratio of 19.55 and a beta of 0.86. The stock's 50-day simple moving average is $55.34 and its 200-day simple moving average is $46.20.

Kforce (NASDAQ:KFRC - Get Free Report) last posted its earnings results on Monday, July 27th. The business services provider reported $0.73 EPS for the quarter, topping the consensus estimate of $0.70 by $0.03. The firm had revenue of $349.33 million during the quarter, compared to analysts' expectations of $348.11 million. Kforce had a net margin of 3.59% and a return on equity of 30.34%. The company's quarterly revenue was up 4.5% compared to the same quarter last year. During the same period last year, the company posted $0.59 EPS. Kforce has set its Q3 2026 guidance at 0.710-0.790 EPS. As a group, sell-side analysts expect that Kforce Inc. will post 2.7 EPS for the current fiscal year.

Kforce Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 25th. Shareholders of record on Friday, September 11th were given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 3.1%. The ex-dividend date of this dividend was Friday, September 11th. Kforce's payout ratio is presently 75.47%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the company. GAMMA Investing LLC boosted its position in shares of Kforce by 13.2% during the second quarter. GAMMA Investing LLC now owns 1,578 shares of the business services provider's stock valued at $74,000 after purchasing an additional 184 shares in the last quarter. Versant Capital Management Inc increased its stake in shares of Kforce by 14.3% in the 2nd quarter. Versant Capital Management Inc now owns 3,096 shares of the business services provider's stock worth $145,000 after acquiring an additional 387 shares in the last quarter. EverSource Wealth Advisors LLC increased its stake in shares of Kforce by 44.3% during the fourth quarter. EverSource Wealth Advisors LLC now owns 1,313 shares of the business services provider's stock valued at $41,000 after purchasing an additional 403 shares in the last quarter. Bank of America Corp DE lifted its holdings in shares of Kforce by 1.3% during the first quarter. Bank of America Corp DE now owns 45,191 shares of the business services provider's stock valued at $1,321,000 after purchasing an additional 589 shares during the last quarter. Finally, Allworth Financial LP bought a new stake in shares of Kforce in the 2nd quarter worth approximately $33,000. Hedge funds and other institutional investors own 92.77% of the company's stock.

Kforce Company Profile

Kforce Inc NASDAQ: KFRC is a professional staffing and workforce-solutions firm that serves organizations across the United States. The company connects businesses with skilled professionals and provides services designed to support hiring, project delivery and workforce management.

Kforce primarily operates through two practice areas: Technology and Finance & Accounting. Its technology offerings include recruiting and placement for information technology professionals, as well as project-based and consulting services.

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