Kforce (NASDAQ:KFRC) Shares Pass Above 200 Day Moving Average – Here’s Why

Kforce Inc. (NASDAQ:KFRC)’s stock price crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $30.73 and traded as high as $43.58. Kforce shares last traded at $43.40, with a volume of 184,931 shares trading hands.

Analysts Set New Price Targets

Several research analysts have issued reports on the company. William Blair upgraded Kforce from a “market perform” rating to an “outperform” rating in a research report on Tuesday, April 21st. Zacks Research upgraded Kforce from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, April 29th. UBS Group lifted their price target on shares of Kforce from $34.50 to $39.00 and gave the company a “neutral” rating in a research note on Tuesday, February 3rd. Truist Financial lifted their price target on shares of Kforce from $35.00 to $38.00 and gave the company a “hold” rating in a research note on Tuesday, January 27th. Finally, Robert W. Baird lifted their price target on shares of Kforce from $40.00 to $42.00 and gave the company an “outperform” rating in a research note on Tuesday, April 28th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $39.67.

Kforce Stock Up 0.3%

The company has a market cap of $773.91 million, a P/E ratio of 16.19 and a beta of 0.87. The company has a quick ratio of 2.06, a current ratio of 2.06 and a debt-to-equity ratio of 0.16. The business’s 50 day moving average is $30.51 and its 200 day moving average is $30.73.

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

Kforce Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 26th. Investors of record on Friday, June 12th will be paid a $0.40 dividend. The ex-dividend date of this dividend is Friday, June 12th. This represents a $1.60 dividend on an annualized basis and a yield of 3.7%. Kforce’s payout ratio is 80.81%.

Hedge Funds Weigh In On Kforce

A number of large investors have recently bought and sold shares of the business. Parallel Advisors LLC increased its position in shares of Kforce by 427.2% during the fourth quarter. Parallel Advisors LLC now owns 854 shares of the business services provider’s stock worth $26,000 after purchasing an additional 692 shares in the last quarter. EverSource Wealth Advisors LLC increased its position in shares of Kforce by 117.7% during the third quarter. EverSource Wealth Advisors LLC now owns 910 shares of the business services provider’s stock worth $27,000 after purchasing an additional 492 shares in the last quarter. State of Alaska Department of Revenue acquired a new position in shares of Kforce during the third quarter worth $29,000. Kestra Advisory Services LLC acquired a new position in shares of Kforce during the fourth quarter worth $31,000. Finally, Allworth Financial LP increased its position in shares of Kforce by 212.3% during the fourth quarter. Allworth Financial LP now owns 1,240 shares of the business services provider’s stock worth $38,000 after purchasing an additional 843 shares in the last quarter. Institutional investors own 92.77% of the company’s stock.

Kforce Company Profile

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.