Kforce (NASDAQ:KFRC) Rating Increased to Strong-Buy at Zacks Research

Zacks Research upgraded shares of Kforce (NASDAQ:KFRC) from a hold rating to a strong-buy rating in a research note released on Wednesday morning,Zacks.com reports.

KFRC has been the topic of several other research reports. Truist Financial boosted their price target on shares of Kforce from $35.00 to $38.00 and gave the company a “hold” rating in a research report on Tuesday, January 27th. UBS Group boosted their price target on shares of Kforce from $34.50 to $39.00 and gave the company a “neutral” rating in a research report on Tuesday, February 3rd. Robert W. Baird boosted their price target on shares of Kforce from $40.00 to $42.00 and gave the company an “outperform” rating in a research report on Tuesday. Finally, William Blair raised shares of Kforce from a “market perform” rating to an “outperform” rating in a research report on Tuesday, April 21st. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $39.67.

Kforce Trading Down 3.5%

Shares of KFRC stock opened at $45.09 on Wednesday. The company’s 50-day moving average price is $29.54 and its 200-day moving average price is $30.37. The company has a current ratio of 2.06, a quick ratio of 2.06 and a debt-to-equity ratio of 0.16. The stock has a market cap of $821.85 million, a price-to-earnings ratio of 16.82 and a beta of 0.49. Kforce has a twelve month low of $24.49 and a twelve month high of $47.50.

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

Kforce Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 26th. Investors of record on Friday, June 12th will be issued a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 3.5%. The ex-dividend date is Friday, June 12th. Kforce’s payout ratio is 80.81%.

Institutional Trading of Kforce

Several institutional investors and hedge funds have recently bought and sold shares of the stock. EverSource Wealth Advisors LLC raised its holdings in Kforce by 44.3% in the 4th quarter. EverSource Wealth Advisors LLC now owns 1,313 shares of the business services provider’s stock valued at $41,000 after buying an additional 403 shares during the period. GAMMA Investing LLC raised its holdings in Kforce by 29.6% in the 4th quarter. GAMMA Investing LLC now owns 1,868 shares of the business services provider’s stock valued at $58,000 after buying an additional 427 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Kforce by 4.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 10,841 shares of the business services provider’s stock valued at $530,000 after buying an additional 474 shares during the period. JPMorgan Chase & Co. raised its holdings in Kforce by 2.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 17,381 shares of the business services provider’s stock valued at $521,000 after buying an additional 475 shares during the period. Finally, Access Investment Management LLC increased its stake in Kforce by 1.4% during the third quarter. Access Investment Management LLC now owns 37,525 shares of the business services provider’s stock worth $1,125,000 after purchasing an additional 505 shares during the period. 92.77% of the stock is currently owned by hedge funds and other institutional investors.

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.