Tributary Capital Management LLC Purchases 398,471 Shares of Kforce Inc. $KFRC

Tributary Capital Management LLC boosted its position in Kforce Inc. (NASDAQ:KFRC) by 93.0% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 827,046 shares of the business services provider’s stock after purchasing an additional 398,471 shares during the period. Tributary Capital Management LLC’s holdings in Kforce were worth $24,795,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the company. GAMMA Investing LLC grew its holdings in shares of Kforce by 752.7% during the third quarter. GAMMA Investing LLC now owns 1,441 shares of the business services provider’s stock worth $43,000 after purchasing an additional 1,272 shares during the last quarter. Parkside Financial Bank & Trust boosted its position in Kforce by 3,756.3% during the 2nd quarter. Parkside Financial Bank & Trust now owns 1,234 shares of the business services provider’s stock worth $51,000 after buying an additional 1,202 shares during the period. Tower Research Capital LLC TRC grew its holdings in Kforce by 273.0% during the 2nd quarter. Tower Research Capital LLC TRC now owns 1,865 shares of the business services provider’s stock worth $77,000 after acquiring an additional 1,365 shares during the last quarter. CWM LLC increased its position in Kforce by 783.0% in the 2nd quarter. CWM LLC now owns 2,649 shares of the business services provider’s stock valued at $109,000 after acquiring an additional 2,349 shares during the period. Finally, Harbor Capital Advisors Inc. increased its position in Kforce by 10.9% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 5,088 shares of the business services provider’s stock valued at $153,000 after acquiring an additional 500 shares during the period. 92.77% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on KFRC shares. UBS Group cut their price target on shares of Kforce from $40.00 to $34.50 and set a “neutral” rating on the stock in a report on Wednesday, November 5th. Truist Financial cut their target price on Kforce from $46.00 to $35.00 and set a “hold” rating on the stock in a report on Monday, October 13th. Finally, Zacks Research upgraded Kforce from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, December 30th. One investment analyst has rated the stock with a Strong Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Kforce has an average rating of “Moderate Buy” and an average price target of $34.75.

Kforce Price Performance

Shares of KFRC opened at $32.30 on Thursday. Kforce Inc. has a 52-week low of $24.49 and a 52-week high of $57.60. The company has a debt-to-equity ratio of 0.16, a quick ratio of 2.06 and a current ratio of 2.06. The business’s 50 day moving average price is $30.13 and its two-hundred day moving average price is $32.80. The firm has a market cap of $585.90 million, a PE ratio of 12.05 and a beta of 0.55.

Kforce (NASDAQ:KFRC) last announced its quarterly earnings data on Monday, November 3rd. The business services provider reported $0.63 EPS for the quarter, topping the consensus estimate of $0.57 by $0.06. The company had revenue of $332.65 million during the quarter, compared to the consensus estimate of $328.34 million. Kforce had a net margin of 3.59% and a return on equity of 30.34%. The company’s quarterly revenue was down 5.9% on a year-over-year basis. During the same quarter last year, the firm posted $0.75 EPS. Kforce has set its Q4 2025 guidance at 0.430-0.510 EPS. On average, equities analysts anticipate that Kforce Inc. will post 2.7 EPS for the current year.

Kforce Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 19th. Shareholders of record on Friday, December 5th were paid a $0.39 dividend. This represents a $1.56 annualized dividend and a yield of 4.8%. The ex-dividend date of this dividend was Friday, December 5th. Kforce’s payout ratio is 68.72%.

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.