Kforce (NASDAQ:KFRC) Price Target Raised to $60.00

Kforce (NASDAQ:KFRC) had its price target hoisted by Truist Financial from $38.00 to $60.00 in a research note issued to investors on Wednesday,Benzinga reports. The firm currently has a hold rating on the business services provider’s stock.

Several other analysts also recently commented on the stock. Zacks Research downgraded shares of Kforce from a “strong-buy” rating to a “hold” rating in a report on Monday, June 29th. Robert W. Baird upped their price objective on shares of Kforce from $40.00 to $42.00 and gave the stock an “outperform” rating in a research report on Tuesday, April 28th. Finally, William Blair upgraded shares of Kforce from a “market perform” rating to an “outperform” rating in a research note on Tuesday, April 21st. Two equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, Kforce currently has an average rating of “Hold” and an average price target of $47.00.

Kforce Price Performance

KFRC stock opened at $54.82 on Wednesday. The company has a market capitalization of $977.57 million, a P/E ratio of 20.46 and a beta of 0.87. Kforce has a 52-week low of $24.49 and a 52-week high of $60.70. The business has a 50-day simple moving average of $49.08 and a two-hundred day simple moving average of $38.00. The company has a debt-to-equity ratio of 0.16, a quick ratio of 2.06 and a current ratio of 2.06.

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

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in KFRC. Parallel Advisors LLC increased its holdings in Kforce by 427.2% in the 4th quarter. Parallel Advisors LLC now owns 854 shares of the business services provider’s stock worth $26,000 after acquiring an additional 692 shares during the last quarter. Kestra Advisory Services LLC purchased a new stake in shares of Kforce during the 4th quarter valued at approximately $31,000. Allworth Financial LP boosted its holdings in Kforce by 212.3% in the 4th quarter. Allworth Financial LP now owns 1,240 shares of the business services provider’s stock worth $38,000 after buying an additional 843 shares during the period. EverSource Wealth Advisors LLC boosted 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 worth $41,000 after buying an additional 403 shares during the period. Finally, GAMMA Investing LLC grew its stake 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 in the last quarter. Hedge funds and other 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.