Kforce (NASDAQ:KFRC) Stock Price Breaks Above 200 Day Moving Average – What’s Next?

Kforce Inc. (NASDAQ:KFRC) crossed above its 200-day moving average during trading on Wednesday. The stock has a 200-day moving average of $46.20 and traded as high as $52.61. Kforce shares last traded at $52.3950, with a volume of 239,540 shares.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. Robert W. Baird lifted their price target on shares of Kforce from $42.00 to $63.00 and gave the company an “outperform” rating in a report on Tuesday, July 28th. UBS Group set a $59.00 target price on shares of Kforce in a research report on Tuesday, July 28th. Truist Financial upped their price target on shares of Kforce from $38.00 to $60.00 and gave the stock a “hold” rating in a report on Wednesday, July 22nd. Finally, Zacks Research downgraded Kforce from a “strong-buy” rating to a “hold” rating in a report on Monday, June 29th. Two equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $60.67.

Kforce Stock Down 2.5%

The stock has a 50-day moving average price of $55.30 and a 200-day moving average price of $46.40. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.06 and a quick ratio of 2.06. The company has a market capitalization of $943.46 million, a P/E ratio of 19.66 and a beta of 0.86.

Kforce (NASDAQ:KFRC) last released its quarterly 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. 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 company’s revenue was up 4.5% compared to the same quarter last year. During the same quarter last year, the business earned $0.59 EPS. Kforce has set its Q3 2026 guidance at 0.710-0.790 EPS. On average, research analysts predict 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 was paid on Friday, September 25th. Shareholders of record on Friday, September 11th were issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date was Friday, September 11th. Kforce’s dividend payout ratio (DPR) is presently 75.47%.

Institutional Trading of Kforce

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. BlackRock Inc. bought a new position in Kforce in the 2nd quarter valued at $73,001,000. Copeland Capital Management LLC boosted its holdings in shares of Kforce by 51.5% in the 1st quarter. Copeland Capital Management LLC now owns 666,331 shares of the business services provider’s stock worth $19,484,000 after buying an additional 226,520 shares during the last quarter. Bank of New York Mellon Corp bought a new position in Kforce during the second quarter valued at about $10,359,000. Sei Investments Co. increased its holdings in Kforce by 66.7% during the first quarter. Sei Investments Co. now owns 246,709 shares of the business services provider’s stock worth $7,214,000 after buying an additional 98,736 shares during the last quarter. Finally, Deutsche Bank AG purchased a new stake in Kforce during the second quarter worth about $4,381,000. 92.77% of the stock is owned by institutional investors.

Kforce Company Profile

Kforce Inc is a professional staffing and solutions firm headquartered in Tampa, Florida. The company helps organizations address workforce needs by providing qualified professionals, consulting services and project-based solutions, with a focus on technology and finance and accounting.

Through its Technology segment, Kforce provides talent and services in areas such as software development, data management, cloud computing, cybersecurity and information technology infrastructure. Its Finance and Accounting segment supplies professionals for functions including accounting, financial analysis, audit, tax, compliance and corporate finance.