Kforce Inc. (NASDAQ:KFRC - Get Free Report) shares crossed above its 200-day moving average during trading on Tuesday. The stock has a 200-day moving average of $47.79 and traded as high as $51.64. Kforce shares last traded at $51.17, with a volume of 152,656 shares.
Wall Street Analysts Forecast Growth
A number of equities research analysts have weighed in on KFRC shares. UBS Group set a $59.00 price objective on Kforce in a report on Tuesday, July 28th. Zacks Research lowered Kforce from a "strong-buy" rating to a "hold" rating in a research note on Monday, June 29th. Truist Financial increased their target price on Kforce from $38.00 to $60.00 and gave the stock a "hold" rating in a report on Wednesday, July 22nd. Finally, Robert W. Baird raised their target price on Kforce from $42.00 to $63.00 and gave the stock an "outperform" rating in a research report on Tuesday, July 28th. Two analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat, Kforce presently has a consensus rating of "Hold" and an average target price of $60.67.
Get Our Latest Research Report on KFRC
Kforce Stock Performance
- Kforce NASDAQ: KFRC Stock is a Workforce Recovery Play
The company has a quick ratio of 2.06, a current ratio of 2.06 and a debt-to-equity ratio of 0.16. The stock has a fifty day simple moving average of $54.36 and a 200-day simple moving average of $47.79. The company has a market capitalization of $916.40 million, a P/E ratio of 19.09 and a beta of 0.90.
Kforce (NASDAQ:KFRC - Get Free Report) last posted its earnings results 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%. The firm's quarterly revenue was up 4.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.59 EPS. Kforce has set its Q3 2026 guidance at 0.710-0.790 EPS. Equities analysts forecast that Kforce Inc. will post 2.70 EPS for the current 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 paid 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 dividend payout ratio is currently 75.47%.
Institutional Trading of Kforce
Hedge funds have recently modified their holdings of the company. BlackRock Inc. bought a new stake in Kforce during the 2nd quarter worth approximately $73,001,000. Copeland Capital Management LLC increased its holdings in Kforce by 51.5% during the 1st quarter. Copeland Capital Management LLC now owns 666,331 shares of the business services provider's stock valued at $19,484,000 after purchasing an additional 226,520 shares in the last quarter. Bank of New York Mellon Corp acquired a new stake in Kforce during the 2nd quarter valued at $10,359,000. Sei Investments Co. raised its position in Kforce by 66.7% in the 1st quarter. Sei Investments Co. now owns 246,709 shares of the business services provider's stock valued at $7,214,000 after purchasing an additional 98,736 shares during the last quarter. Finally, Deutsche Bank AG bought a new position in Kforce in the 2nd quarter valued at $4,381,000. Institutional investors and hedge funds own 92.77% of the company's stock.
Kforce Company Profile
(
Get Free Report)
Kforce Inc is a professional staffing and solutions firm headquartered in Tampa, Florida. The company helps organizations address workforce needs by providing qualified professionals, consulting services and project-based solutions, with a focus on technology and finance and accounting.
Through its Technology segment, Kforce provides talent and services in areas such as software development, data management, cloud computing, cybersecurity and information technology infrastructure. Its Finance and Accounting segment supplies professionals for functions including accounting, financial analysis, audit, tax, compliance and corporate finance.
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