Kforce (NASDAQ:KFRC) Shares Up 6.6% - Should You Buy?

Key Points

• Kforce shares rose 6.6% to $57.21, although trading volume was 67% below the average session volume.
• Analyst sentiment remains mixed: the consensus rating is “Hold” with an average price target of $60.67; Baird rated the stock “Outperform,” while Zacks downgraded it to “Hold.”
• Kforce exceeded quarterly expectations with $0.73 EPS versus a $0.70 estimate and revenue of $349.33 million, up 4.5% year over year. Institutional ownership is high at 92.77%, with several major investors recently adding or initiating positions.

Kforce Inc. (NASDAQ:KFRC - Get Free Report)'s share price rose 6.6% during trading on Friday. The company traded as high as $56.93 and last traded at $57.21. Approximately 80,581 shares changed hands during trading, a decline of 67% from the average session volume of 246,874 shares. The stock had previously closed at $53.66.

Wall Street Analyst Weigh In

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

Kforce Stock Performance

• Kforce NASDAQ: KFRC Stock is a Workforce Recovery Play

The company has a market capitalization of $1.03 billion, a P/E ratio of 21.47 and a beta of 0.90. The firm has a 50 day moving average price of $53.37 and a two-hundred day moving average price of $48.88. 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 released 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. The business had revenue of $349.33 million for the quarter, compared to analyst estimates of $348.11 million. Kforce had a net margin of 3.59% and a return on equity of 30.34%. Kforce's quarterly revenue was up 4.5% compared to the same quarter last year. During the same quarter last year, the firm earned $0.59 EPS. Kforce has set its Q3 2026 guidance at 0.710-0.790 EPS. On average, research analysts expect that Kforce Inc. will post 2.70 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. BlackRock Inc. purchased a new stake in shares of Kforce in the second quarter worth approximately $73,001,000. Copeland Capital Management LLC increased its position in shares of Kforce by 51.5% in the first quarter. Copeland Capital Management LLC now owns 666,331 shares of the business services provider's stock worth $19,484,000 after purchasing an additional 226,520 shares during the last quarter. Bank of New York Mellon Corp purchased a new stake in shares of Kforce during the 2nd quarter valued at $10,359,000. Sei Investments Co. boosted its holdings in shares of Kforce by 66.7% in the 1st quarter. Sei Investments Co. now owns 246,709 shares of the business services provider's stock worth $7,214,000 after purchasing an additional 98,736 shares in the last quarter. Finally, Deutsche Bank AG purchased a new stake in shares of Kforce in the 2nd quarter valued at $4,381,000. 92.77% of the stock is owned by institutional investors.

Kforce Company Profile

Kforce Inc is a professional staffing and business solutions firm that connects organizations with skilled workers and provides services designed to support workforce and project needs. The company primarily operates through its Technology and Finance & Accounting segments.

Kforce Technology provides staffing, consulting, and project-based solutions for areas such as application development, data management, cloud computing, cybersecurity, and other information technology functions.

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