Analysts Set Kforce Inc. (NASDAQ:KFRC) Price Target at $68.33

Shares of Kforce Inc. (NASDAQ:KFRC) have been given an average rating of “Hold” by the four ratings firms that are presently covering the firm, Marketbeat.com reports. Three analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $68.33.

Several equities analysts have recently weighed in on KFRC shares. StockNews.com downgraded shares of Kforce from a “buy” rating to a “hold” rating in a research note on Tuesday, February 6th. Truist Financial lifted their price objective on shares of Kforce from $57.00 to $70.00 and gave the company a “hold” rating in a research note on Thursday, January 25th. Finally, Robert W. Baird boosted their target price on shares of Kforce from $62.00 to $72.00 and gave the company an “outperform” rating in a report on Tuesday, February 6th.

Kforce Stock Performance

NASDAQ:KFRC opened at $64.19 on Friday. The company has a market capitalization of $1.25 billion, a P/E ratio of 20.51 and a beta of 0.85. The business has a fifty day simple moving average of $68.46 and a two-hundred day simple moving average of $66.33. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.37 and a quick ratio of 2.37. Kforce has a 1 year low of $50.89 and a 1 year high of $74.79.

Kforce (NASDAQ:KFRC) last posted its quarterly earnings results on Monday, February 5th. The business services provider reported $0.82 earnings per share for the quarter, topping the consensus estimate of $0.79 by $0.03. Kforce had a return on equity of 38.24% and a net margin of 3.99%. The company had revenue of $363.45 million during the quarter, compared to the consensus estimate of $363.29 million. During the same quarter in the prior year, the company earned $0.93 EPS. The firm’s quarterly revenue was down 13.4% compared to the same quarter last year. On average, analysts expect that Kforce will post 3.02 earnings per share for the current year.

Kforce Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, March 15th were issued a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a dividend yield of 2.37%. This is an increase from Kforce’s previous quarterly dividend of $0.36. The ex-dividend date was Thursday, March 14th. Kforce’s dividend payout ratio is presently 48.56%.

Hedge Funds Weigh In On Kforce

Several hedge funds have recently bought and sold shares of KFRC. Allspring Global Investments Holdings LLC increased its holdings in Kforce by 357.3% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 9,932 shares of the business services provider’s stock worth $700,000 after acquiring an additional 7,760 shares during the period. Vaughan Nelson Investment Management L.P. grew its position in shares of Kforce by 14.6% during the 1st quarter. Vaughan Nelson Investment Management L.P. now owns 732,868 shares of the business services provider’s stock valued at $51,682,000 after purchasing an additional 93,180 shares in the last quarter. Annex Advisory Services LLC increased its holdings in shares of Kforce by 7.9% in the first quarter. Annex Advisory Services LLC now owns 7,846 shares of the business services provider’s stock worth $553,000 after purchasing an additional 572 shares during the period. Wellington Management Group LLP increased its holdings in shares of Kforce by 151.5% in the fourth quarter. Wellington Management Group LLP now owns 62,280 shares of the business services provider’s stock worth $4,208,000 after purchasing an additional 37,512 shares during the period. Finally, Virtu Financial LLC purchased a new stake in shares of Kforce in the fourth quarter worth $207,000. Hedge funds and other institutional investors own 92.77% of the company’s stock.

Kforce Company Profile

Kforce Inc provides professional staffing services and solutions in the United States. It operates through two segments, Technology, and Finance and Accounting (FA). The Technology segment provides talent solutions to its clients primarily in the areas of information technology, such as systems/applications architecture and development, data management and analytics, business and artificial intelligence, machine learning, project and program management, and network architecture and security.