Kforce (NASDAQ:KFRC) Sets New 1-Year High – Here’s Why

Kforce Inc. (NASDAQ:KFRC)’s share price reached a new 52-week high during trading on Wednesday . The stock traded as high as $49.44 and last traded at $48.9840, with a volume of 6137 shares traded. The stock had previously closed at $47.89.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on KFRC. Zacks Research raised Kforce from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, April 29th. Robert W. Baird increased their price objective on Kforce from $40.00 to $42.00 and gave the company an “outperform” rating in a report on Tuesday, April 28th. Finally, William Blair raised Kforce from a “market perform” rating to an “outperform” rating in a research note on Tuesday, April 21st. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, Kforce has an average rating of “Moderate Buy” and a consensus price target of $39.67.

Kforce Price Performance

The company has a current ratio of 2.06, a quick ratio of 2.06 and a debt-to-equity ratio of 0.16. The stock has a fifty day simple moving average of $38.99 and a 200-day simple moving average of $33.45. The stock has a market cap of $883.42 million, a price-to-earnings ratio of 18.49 and a beta of 0.87.

Kforce (NASDAQ:KFRC) last issued its quarterly earnings results on Monday, April 27th. The business services provider reported $0.46 EPS for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $329.32 million. During the same period in the previous year, the company earned $0.45 earnings per share. The company’s quarterly revenue was up .1% compared to the same quarter last year. Kforce has set its Q2 2026 guidance at 0.670-0.750 EPS. As a group, equities research analysts expect that Kforce Inc. will post 2.7 EPS for the current year.

Kforce Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, June 26th. Investors of record on Friday, June 12th will be paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 3.2%. The ex-dividend date is Friday, June 12th. Kforce’s dividend payout ratio is presently 80.81%.

Institutional Trading of Kforce

Several hedge funds and other institutional investors have recently bought and sold shares of KFRC. Access Investment Management LLC raised its position in shares of Kforce by 74.6% during the first quarter. Access Investment Management LLC now owns 65,520 shares of the business services provider’s stock valued at $1,916,000 after buying an additional 27,995 shares during the last quarter. Bank of America Corp DE lifted its stake in shares of Kforce by 1.3% in the first quarter. Bank of America Corp DE now owns 45,191 shares of the business services provider’s stock valued at $1,321,000 after buying an additional 589 shares during the period. Janus Henderson Group PLC grew its position in Kforce by 13.3% during the first quarter. Janus Henderson Group PLC now owns 66,985 shares of the business services provider’s stock worth $1,959,000 after buying an additional 7,865 shares in the last quarter. Royal Bank of Canada increased its stake in Kforce by 51.7% during the first quarter. Royal Bank of Canada now owns 79,717 shares of the business services provider’s stock valued at $2,330,000 after acquiring an additional 27,164 shares during the period. Finally, Quantinno Capital Management LP increased its stake in Kforce by 88.6% during the first quarter. Quantinno Capital Management LP now owns 73,135 shares of the business services provider’s stock valued at $2,138,000 after acquiring an additional 34,352 shares during the period. 92.77% of the stock is currently owned by institutional investors and hedge funds.

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.