Kforce (NASDAQ:KFRC) Reaches New 52-Week High – What’s Next?

Shares of Kforce Inc. (NASDAQ:KFRC) hit a new 52-week high during trading on Wednesday . The company traded as high as $49.44 and last traded at $48.9840, with a volume of 6137 shares traded. The stock had previously closed at $47.89.

Analyst Upgrades and Downgrades

KFRC has been the subject of a number of recent analyst reports. Zacks Research raised Kforce from a “hold” rating to a “strong-buy” rating in a report on Wednesday, April 29th. William Blair raised Kforce from a “market perform” rating to an “outperform” rating in a research report on Tuesday, April 21st. Finally, Robert W. Baird upped their price target on Kforce from $40.00 to $42.00 and gave the company an “outperform” rating in a report on Tuesday, April 28th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $39.67.

Kforce Stock Up 3.0%

The company has a debt-to-equity ratio of 0.16, a current ratio of 2.06 and a quick ratio of 2.06. The company has a market cap of $879.47 million, a price-to-earnings ratio of 18.51 and a beta of 0.87. The firm’s 50 day simple moving average is $38.19 and its 200-day simple moving average is $33.16.

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

Kforce Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 26th. Shareholders of record on Friday, June 12th will be paid a $0.40 dividend. The ex-dividend date is Friday, June 12th. This represents a $1.60 dividend on an annualized basis and a yield of 3.2%. Kforce’s payout ratio is currently 80.81%.

Hedge Funds Weigh In On Kforce

A number of institutional investors have recently modified their holdings of KFRC. Jacobs Levy Equity Management Inc. boosted its stake in Kforce by 144.5% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 411,706 shares of the business services provider’s stock worth $12,343,000 after purchasing an additional 243,303 shares during the period. Copeland Capital Management LLC increased its stake in Kforce by 51.5% in 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 purchasing an additional 226,520 shares during the period. Russell Investments Group Ltd. increased its stake in Kforce by 258.2% in the third quarter. Russell Investments Group Ltd. now owns 285,019 shares of the business services provider’s stock valued at $8,545,000 after purchasing an additional 205,457 shares during the period. AQR Capital Management LLC raised its holdings in shares of Kforce by 81.3% in the fourth quarter. AQR Capital Management LLC now owns 442,523 shares of the business services provider’s stock valued at $13,683,000 after buying an additional 198,447 shares during the last quarter. Finally, Goldman Sachs Group Inc. raised its holdings in shares of Kforce by 90.5% in the fourth quarter. Goldman Sachs Group Inc. now owns 310,403 shares of the business services provider’s stock valued at $9,598,000 after buying an additional 147,503 shares during the last quarter. 92.77% of the stock is owned by institutional investors and hedge funds.

About Kforce

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.