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

Key Points

• Kforce shares broke above their 200-day moving average, reaching $52.59 compared with the $45.14 average, while last trading near $52.09.
• Analyst sentiment remains mixed: Robert W. Baird raised its target to $63 with an “outperform” rating, while the overall consensus is “Hold” with an average price target of $60.67.
• Kforce exceeded quarterly expectations with $0.73 EPS and $349.33 million in revenue, up 4.5% year over year, and declared a quarterly dividend of $0.40 per share, yielding about 3.1% annually.

Kforce Inc. (NASDAQ:KFRC - Get Free Report)'s stock price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $45.14 and traded as high as $52.59. Kforce shares last traded at $52.0940, with a volume of 284,921 shares trading hands.

Analyst Upgrades and Downgrades

KFRC has been the topic of a number of recent analyst reports. Robert W. Baird lifted their target price on Kforce from $42.00 to $63.00 and gave the stock an "outperform" rating in a research note on Tuesday, July 28th. Zacks Research lowered shares of Kforce from a "strong-buy" rating to a "hold" rating in a research report on Monday, June 29th. Truist Financial raised their price objective on shares of Kforce from $38.00 to $60.00 and gave the stock a "hold" rating in a report on Wednesday, July 22nd. Finally, UBS Group set a $59.00 price objective on shares of Kforce in a research report on Tuesday, July 28th. 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, the company currently has an average rating of "Hold" and an average price target of $60.67.

Kforce Price Performance

• Kforce NASDAQ: KFRC Stock is a Workforce Recovery Play

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 stock has a market cap of $932.95 million, a PE ratio of 19.44 and a beta of 0.86. The business has a 50-day moving average price of $56.04 and a 200 day moving average price of $45.14.

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

Kforce Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 25th. Stockholders of record on Friday, September 11th will be given a $0.40 dividend. The ex-dividend date of this dividend is Friday, September 11th. This represents a $1.60 annualized dividend and a dividend yield of 3.1%. Kforce's payout ratio is 75.47%.

Institutional Trading of Kforce

A number of institutional investors have recently modified their holdings of KFRC. Integrated Wealth Concepts LLC purchased a new position in Kforce in the 2nd quarter valued at approximately $142,000. Baird Financial Group Inc. purchased a new stake in shares of Kforce during the second quarter worth $278,000. Arizona State Retirement System bought a new position in shares of Kforce in the second quarter worth $218,000. Corient Private Wealth LP bought a new position in shares of Kforce in the second quarter worth $314,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of Kforce by 14.1% in the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 35,266 shares of the business services provider's stock valued at $1,655,000 after purchasing an additional 4,348 shares in the last quarter. 92.77% of the stock is currently owned by hedge funds and other institutional investors.

About Kforce

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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