Kforce (NASDAQ:KFRC) Shares Up 6.6% – Time to Buy?

Kforce Inc. (NASDAQ:KFRC)’s stock price shot up 6.6% during trading on Friday. The company traded as high as $56.93 and last traded at $57.21. Approximately 80,581 shares changed hands during mid-day trading, a decline of 67% from the average session volume of 246,874 shares. The stock had previously closed at $53.66.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on KFRC shares. Truist Financial boosted their target price on Kforce from $38.00 to $60.00 and gave the company a “hold” rating in a research report on Wednesday, July 22nd. UBS Group set a $59.00 price target on shares of Kforce in a research report on Tuesday, July 28th. Zacks Research lowered Kforce from a “strong-buy” rating to a “hold” rating in a report on Monday, June 29th. Finally, Robert W. Baird boosted their price objective on Kforce from $42.00 to $63.00 and gave the company an “outperform” rating in a report on Tuesday, July 28th. Two research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $60.67.

Kforce Price Performance

The company’s 50 day moving average is $53.37 and its 200 day moving average is $48.88. The stock has a market capitalization of $1.03 billion, a price-to-earnings ratio of 21.47 and a beta of 0.90. The company has a current ratio of 2.06, a quick ratio of 2.06 and a debt-to-equity ratio of 0.16.

Kforce (NASDAQ:KFRC) last released its earnings results on Monday, July 27th. The business services provider reported $0.73 EPS for the quarter, beating analysts’ consensus estimates of $0.70 by $0.03. Kforce had a return on equity of 30.34% and a net margin of 3.59%. The company had revenue of $349.33 million during the quarter, compared to the consensus estimate of $348.11 million. During the same quarter last year, the company earned $0.59 earnings per share. Kforce’s quarterly 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. Research analysts anticipate that Kforce Inc. will post 2.70 EPS for the current fiscal year.

Institutional Trading of Kforce

A number of institutional investors have recently made changes to their positions in KFRC. Sterling Capital Management LLC lifted its position in shares of Kforce by 849.2% in the third quarter. Sterling Capital Management LLC now owns 560 shares of the business services provider’s stock worth $29,000 after purchasing an additional 501 shares in the last quarter. Nisa Investment Advisors LLC grew its stake in Kforce by 90.8% during the third quarter. Nisa Investment Advisors LLC now owns 2,332 shares of the business services provider’s stock worth $122,000 after buying an additional 1,110 shares during the last quarter. Robeco Institutional Asset Management B.V. bought a new position in Kforce in the 3rd quarter worth approximately $257,000. Argent Capital Management LLC acquired a new stake in Kforce in the third quarter worth $689,000. Finally, Integrated Wealth Concepts LLC acquired a new stake in shares of Kforce in the 2nd quarter valued at about $142,000. 92.77% of the stock is owned by institutional investors and hedge funds.

Kforce Company Profile

Kforce Inc is a professional staffing and business solutions firm that connects organizations with skilled workers and provides services designed to support workforce and project needs. The company primarily operates through its Technology and Finance & Accounting segments.

Kforce Technology provides staffing, consulting, and project-based solutions for areas such as application development, data management, cloud computing, cybersecurity, and other information technology functions.