Royal Bank of Canada Boosts Stock Position in Kforce Inc. $KFRC

Royal Bank of Canada grew its position in shares of Kforce Inc. (NASDAQ:KFRC) by 51.7% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 79,717 shares of the business services provider’s stock after purchasing an additional 27,164 shares during the quarter. Royal Bank of Canada owned approximately 0.45% of Kforce worth $2,330,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. EverSource Wealth Advisors LLC boosted its stake in 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 buying an additional 403 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in Kforce by 4.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 10,841 shares of the business services provider’s stock valued at $530,000 after acquiring an additional 474 shares during the last quarter. JPMorgan Chase & Co. raised its stake in shares of Kforce by 2.8% during the third quarter. JPMorgan Chase & Co. now owns 17,381 shares of the business services provider’s stock worth $521,000 after acquiring an additional 475 shares in the last quarter. Vident Advisory LLC raised its stake in shares of Kforce by 2.8% during the fourth quarter. Vident Advisory LLC now owns 19,724 shares of the business services provider’s stock worth $610,000 after acquiring an additional 544 shares in the last quarter. Finally, Parallel Advisors LLC lifted 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 worth $26,000 after acquiring an additional 692 shares during the last quarter. 92.77% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on KFRC. Robert W. Baird upped their price objective on shares of Kforce from $42.00 to $63.00 and gave the company an “outperform” rating in a research note on Tuesday, July 28th. Truist Financial lifted their target price on shares of Kforce from $38.00 to $60.00 and gave the stock a “hold” rating in a research report on Wednesday, July 22nd. William Blair raised shares of Kforce from a “market perform” rating to an “outperform” rating in a research note on Tuesday, April 21st. UBS Group set a $59.00 price target on shares of Kforce in a research report on Tuesday, July 28th. Finally, Zacks Research cut Kforce from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 29th. Two research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, Kforce has a consensus rating of “Hold” and an average price target of $60.67.

Kforce Stock Performance

NASDAQ:KFRC opened at $56.91 on Tuesday. The firm has a market cap of $1.02 billion, a PE ratio of 21.24 and a beta of 0.85. Kforce Inc. has a fifty-two week low of $24.49 and a fifty-two week high of $61.68. 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 business has a 50 day moving average price of $53.48 and a 200-day moving average price of $40.75.

Kforce (NASDAQ:KFRC) last issued its earnings results on Monday, July 27th. The business services provider reported $0.73 earnings per share (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 firm had revenue of $349.33 million for the quarter, compared to analysts’ expectations of $348.11 million. During the same quarter last year, the business earned $0.59 earnings per share. The business’s revenue was up 4.5% on a year-over-year basis. Kforce has set its Q3 2026 guidance at 0.710-0.790 EPS. Equities research analysts predict that Kforce Inc. will post 2.7 earnings per share for the current year.

Kforce Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, September 25th. Shareholders 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 2.8%. The ex-dividend date of this dividend is Friday, September 11th. Kforce’s dividend payout ratio (DPR) is 75.47%.

About Kforce

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.