Kforce (NASDAQ:KFRC) Price Target Raised to $63.00

Kforce (NASDAQ:KFRC) had its target price upped by Robert W. Baird from $42.00 to $63.00 in a research report report published on Tuesday morning,Benzinga reports. They currently have an outperform rating on the business services provider’s stock.

Several other analysts have also commented on KFRC. William Blair upgraded shares of Kforce from a “market perform” rating to an “outperform” rating in a report on Tuesday, April 21st. UBS Group reiterated a “neutral” rating on shares of Kforce in a report on Thursday, July 23rd. Zacks Research lowered Kforce from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 29th. Finally, Truist Financial increased their target price on Kforce from $38.00 to $60.00 and gave the stock a “hold” rating in a research report on Wednesday, July 22nd. Two research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Kforce presently has an average rating of “Hold” and an average price target of $60.67.

Kforce Stock Performance

Shares of KFRC stock opened at $56.62 on Tuesday. The firm has a market capitalization of $1.01 billion, a price-to-earnings ratio of 21.13 and a beta of 0.87. The stock has a fifty day moving average of $50.47 and a 200 day moving average of $38.74. Kforce has a 52 week low of $24.49 and a 52 week high of $61.68. The company has a quick ratio of 2.06, a current ratio of 2.06 and a debt-to-equity ratio of 0.16.

Kforce (NASDAQ:KFRC) last issued its quarterly earnings data on Monday, July 27th. The business services provider reported $0.73 EPS for the quarter, topping the consensus estimate of $0.70 by $0.03. Kforce had a net margin of 3.59% and a return on equity of 30.34%. The business had revenue of $349.33 million during the quarter, compared to analyst estimates of $348.11 million. During the same period in the prior year, the business earned $0.59 EPS. The company’s revenue for the quarter was up 4.5% on a year-over-year basis. Kforce has set its Q3 2026 guidance at 0.710-0.790 EPS. As a group, research analysts expect that Kforce will post 2.7 earnings per share for the current year.

Kforce Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, September 25th. Stockholders of record on Friday, September 11th will be paid a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 2.8%. The ex-dividend date is Friday, September 11th. Kforce’s dividend payout ratio is currently 75.47%.

Institutional Investors Weigh In On Kforce

A number of institutional investors have recently made changes to their positions in KFRC. Parallel Advisors LLC lifted its position in Kforce by 427.2% in the 4th quarter. Parallel Advisors LLC now owns 854 shares of the business services provider’s stock valued at $26,000 after acquiring an additional 692 shares in the last quarter. Kestra Advisory Services LLC purchased a new stake in Kforce during the 4th quarter valued at $31,000. Allworth Financial LP increased its holdings in shares of 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 purchasing an additional 843 shares in the last quarter. EverSource Wealth Advisors LLC raised its stake in shares of Kforce by 44.3% in the fourth quarter. EverSource Wealth Advisors LLC now owns 1,313 shares of the business services provider’s stock worth $41,000 after purchasing an additional 403 shares during the last quarter. Finally, GAMMA Investing LLC raised its stake in shares of Kforce by 13.2% in the second quarter. GAMMA Investing LLC now owns 1,578 shares of the business services provider’s stock worth $74,000 after purchasing an additional 184 shares during 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.