Kforce (NASDAQ:KFRC) Stock Rating Lowered by Zacks Research

Kforce (NASDAQ:KFRC) was downgraded by equities research analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a research note issued on Monday,Zacks.com reports.

KFRC has been the subject of a number of other reports. William Blair raised shares of Kforce from a “market perform” rating to an “outperform” rating in a research note on Tuesday, April 21st. Robert W. Baird raised their price target on Kforce from $40.00 to $42.00 and gave the stock an “outperform” rating in a research report on Tuesday, April 28th. Two analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, Kforce currently has an average rating of “Hold” and a consensus price target of $39.67.

Kforce Stock Down 4.8%

Shares of NASDAQ:KFRC opened at $47.02 on Monday. The company has a quick ratio of 2.06, a current ratio of 2.06 and a debt-to-equity ratio of 0.16. The firm’s 50-day simple moving average is $43.47 and its 200-day simple moving average is $35.04. The company has a market cap of $838.37 million, a price-to-earnings ratio of 17.54 and a beta of 0.87. Kforce has a fifty-two week low of $24.49 and a fifty-two week high of $50.70.

Kforce (NASDAQ:KFRC) last posted its quarterly earnings results on Monday, April 27th. The business services provider reported $0.46 earnings per share for the quarter, topping analysts’ consensus estimates of $0.40 by $0.06. Kforce had a net margin of 3.59% and a return on equity of 30.34%. The business had revenue of $330.36 million for the quarter, compared to analysts’ expectations of $329.32 million. During the same period in the prior year, the company posted $0.45 EPS. The business’s revenue for the quarter was up .1% on a year-over-year basis. Kforce has set its Q2 2026 guidance at 0.670-0.750 EPS. As a group, equities research analysts predict that Kforce will post 2.7 earnings per share for the current year.

Institutional Investors Weigh In On Kforce

Institutional investors and hedge funds have recently modified their holdings of the stock. AQR Capital Management LLC boosted its holdings in Kforce by 9.7% in the 1st quarter. AQR Capital Management LLC now owns 22,785 shares of the business services provider’s stock worth $1,114,000 after acquiring an additional 2,017 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of 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 purchasing an additional 474 shares during the period. Millennium Management LLC raised its stake in shares of Kforce by 3.5% during the first quarter. Millennium Management LLC now owns 133,829 shares of the business services provider’s stock valued at $6,543,000 after purchasing an additional 4,511 shares during the period. Goldman Sachs Group Inc. lifted its position in shares of Kforce by 64.9% during the first quarter. Goldman Sachs Group Inc. now owns 251,712 shares of the business services provider’s stock worth $12,306,000 after purchasing an additional 99,050 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in shares of Kforce by 5.8% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 39,416 shares of the business services provider’s stock worth $1,927,000 after purchasing an additional 2,159 shares in 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.