Hsbc Holdings PLC Sells 16,870 Shares of Kforce Inc. $KFRC

Hsbc Holdings PLC cut its holdings in Kforce Inc. (NASDAQ:KFRC) by 43.8% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 21,682 shares of the business services provider’s stock after selling 16,870 shares during the quarter. Hsbc Holdings PLC owned approximately 0.12% of Kforce worth $650,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Parallel Advisors LLC raised its holdings in shares of 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 purchasing an additional 692 shares in the last quarter. Kestra Advisory Services LLC bought a new position in shares of Kforce during the fourth quarter valued at approximately $31,000. Allworth Financial LP increased its holdings in Kforce by 212.3% during the fourth quarter. Allworth Financial LP now owns 1,240 shares of the business services provider’s stock valued at $38,000 after buying an additional 843 shares during the period. EverSource Wealth Advisors LLC increased its holdings in Kforce by 44.3% during the fourth quarter. EverSource Wealth Advisors LLC now owns 1,313 shares of the business services provider’s stock valued at $41,000 after buying an additional 403 shares during the period. Finally, Tower Research Capital LLC TRC increased its holdings in Kforce by 273.0% during the second quarter. Tower Research Capital LLC TRC now owns 1,865 shares of the business services provider’s stock valued at $77,000 after buying an additional 1,365 shares during the period. Hedge funds and other institutional investors own 92.77% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on KFRC. Truist Financial upped their target price on Kforce from $38.00 to $60.00 and gave the stock a “hold” rating in a report on Wednesday, July 22nd. William Blair upgraded Kforce from a “market perform” rating to an “outperform” rating in a report on Tuesday, April 21st. UBS Group set a $59.00 price target on Kforce in a research report on Tuesday. Zacks Research cut Kforce from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 29th. Finally, Robert W. Baird raised their price objective on Kforce from $42.00 to $63.00 and gave the company an “outperform” rating in a research report on Tuesday. Two investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, Kforce has an average rating of “Hold” and an average price target of $60.67.

Kforce Price Performance

NASDAQ KFRC opened at $56.62 on Friday. The firm’s fifty day simple moving average is $50.47 and its two-hundred day simple moving average is $38.74. The company has a current ratio of 2.06, a quick ratio of 2.06 and a debt-to-equity ratio of 0.16. Kforce Inc. has a 12-month low of $24.49 and a 12-month high of $61.68. The firm has a market capitalization of $1.01 billion, a P/E ratio of 21.13 and a beta of 0.87.

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

Kforce Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 25th. Shareholders of record on Friday, September 11th will be paid a $0.40 dividend. The ex-dividend date is Friday, September 11th. This represents a $1.60 dividend on an annualized basis and a yield of 2.8%. Kforce’s dividend payout ratio (DPR) is 75.47%.

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.