Renaissance Technologies LLC Has $3.38 Million Position in Kforce Inc. $KFRC

Renaissance Technologies LLC lifted its holdings in shares of Kforce Inc. (NASDAQ:KFRC) by 30.8% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 115,649 shares of the business services provider’s stock after purchasing an additional 27,205 shares during the period. Renaissance Technologies LLC’s holdings in Kforce were worth $3,382,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in the business. Parallel Advisors LLC lifted its position in Kforce by 427.2% during the 4th quarter. Parallel Advisors LLC now owns 854 shares of the business services provider’s stock worth $26,000 after buying an additional 692 shares in the last quarter. Kestra Advisory Services LLC bought a new position in shares of Kforce in the fourth quarter worth about $31,000. Allworth Financial LP lifted 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. EverSource Wealth Advisors LLC increased its holdings 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 valued at $41,000 after purchasing an additional 403 shares in the last quarter. Finally, Meeder Asset Management Inc. acquired a new stake in shares of Kforce in the first quarter valued at approximately $75,000. 92.77% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

KFRC has been the topic of several research reports. UBS Group set a $59.00 price objective on Kforce in a report on Tuesday, July 28th. Truist Financial boosted 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. Zacks Research cut Kforce from a “strong-buy” rating to a “hold” rating in a report on Monday, June 29th. Robert W. Baird raised their price target on Kforce from $42.00 to $63.00 and gave the company an “outperform” rating in a report on Tuesday, July 28th. Finally, William Blair upgraded Kforce from a “market perform” rating to an “outperform” rating in a research report on Tuesday, April 21st. Two analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $60.67.

Kforce Price Performance

Shares of KFRC stock opened at $58.92 on Friday. Kforce Inc. has a 52-week low of $24.49 and a 52-week high of $61.68. The stock has a market cap of $1.06 billion, a PE ratio of 21.98 and a beta of 0.85. 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 firm’s 50 day moving average price is $52.24 and its two-hundred day moving average price is $39.71.

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

Kforce Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 25th. Investors of record on Friday, September 11th will be issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date is Friday, September 11th. Kforce’s dividend payout ratio is currently 75.47%.

Kforce 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.