38,632 Shares in Kforce Inc. $KFRC Acquired by Globeflex Capital L P

Globeflex Capital L P acquired a new position in shares of Kforce Inc. (NASDAQ:KFRC) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 38,632 shares of the business services provider’s stock, valued at approximately $1,813,000. Globeflex Capital L P owned 0.22% of Kforce at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of KFRC. BlackRock Inc. acquired a new position in Kforce in the second quarter valued at about $73,001,000. Jacobs Levy Equity Management Inc. lifted its holdings in shares of 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 acquiring an additional 243,303 shares during the period. Copeland Capital Management LLC boosted its position in shares of Kforce by 51.5% during the 1st quarter. Copeland Capital Management LLC now owns 666,331 shares of the business services provider’s stock worth $19,484,000 after acquiring an additional 226,520 shares in the last quarter. Bank of New York Mellon Corp acquired a new stake in shares of Kforce in the 2nd quarter valued at $10,359,000. Finally, Russell Investments Group Ltd. boosted its holdings in shares of Kforce by 258.2% in the 3rd 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 in the last quarter. Institutional investors own 92.77% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently issued reports on KFRC. Robert W. Baird lifted their price target on Kforce from $42.00 to $63.00 and gave the company an “outperform” rating in a research note on Tuesday, July 28th. Zacks Research downgraded shares of Kforce from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 29th. UBS Group set a $59.00 price target on shares of Kforce in a report on Tuesday, July 28th. Finally, Truist Financial raised their target price on shares of Kforce from $38.00 to $60.00 and gave the company a “hold” rating in a research report on Wednesday, July 22nd. Two investment 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 an average price target of $60.67.

Kforce Price Performance

KFRC stock opened at $57.67 on Tuesday. The company has a fifty day moving average price of $54.42 and a 200-day moving average price of $41.58. The company has a market capitalization of $1.03 billion, a P/E ratio of 21.52 and a beta of 0.85. Kforce Inc. has a 52-week low of $24.49 and a 52-week high of $61.68. 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) last released its quarterly earnings results on Monday, July 27th. The business services provider reported $0.73 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.70 by $0.03. Kforce had a net margin of 3.59% and a return on equity of 30.34%. The firm had revenue of $349.33 million during the quarter, compared to analyst estimates of $348.11 million. During the same quarter last year, the business earned $0.59 EPS. The company’s revenue was up 4.5% compared to the same quarter last year. Kforce has set its Q3 2026 guidance at 0.710-0.790 EPS. As a group, equities analysts expect that Kforce Inc. will post 2.7 EPS for the current year.

Kforce Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 25th. Stockholders of record on Friday, September 11th will be given a dividend of $0.40 per share. The ex-dividend date of this dividend is Friday, September 11th. This represents a $1.60 annualized dividend and a dividend yield of 2.8%. Kforce’s dividend payout ratio (DPR) is 75.47%.

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.