Kforce (NASDAQ:KFRC) Shares Pass Above Two Hundred Day Moving Average – Here’s What Happened

Kforce Inc. (NASDAQ:KFRC)’s stock price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $34.65 and traded as high as $47.64. Kforce shares last traded at $47.1240, with a volume of 114,113 shares trading hands.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. Zacks Research upgraded Kforce from a “hold” rating to a “strong-buy” rating in a report on Wednesday, April 29th. Robert W. Baird upped their price objective on shares of Kforce from $40.00 to $42.00 and gave the company an “outperform” rating in a report on Tuesday, April 28th. Finally, William Blair upgraded shares of Kforce from a “market perform” rating to an “outperform” rating in a research report on Tuesday, April 21st. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $39.67.

Kforce Stock Up 4.6%

The stock has a market capitalization of $877.69 million, a price-to-earnings ratio of 18.37 and a beta of 0.87. 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 business has a fifty day moving average of $42.78 and a 200 day moving average of $34.75.

Kforce (NASDAQ:KFRC) last posted its earnings results on Monday, April 27th. The business services provider reported $0.46 earnings per share (EPS) for the quarter, topping the consensus estimate 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 analysts’ expectations of $329.32 million. During the same quarter last year, the firm earned $0.45 earnings per share. The firm’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 analysts predict that Kforce Inc. will post 2.7 earnings per share for the current year.

Kforce Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 26th. Investors of record on Friday, June 12th were given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 3.3%. The ex-dividend date of this dividend was Friday, June 12th. Kforce’s dividend payout ratio (DPR) is presently 80.81%.

Institutional Trading of Kforce

Several institutional investors and hedge funds have recently bought and sold shares of KFRC. Parallel Advisors LLC boosted its stake in Kforce by 427.2% during the fourth quarter. Parallel Advisors LLC now owns 854 shares of the business services provider’s stock worth $26,000 after buying an additional 692 shares during the period. EverSource Wealth Advisors LLC raised its stake in shares of Kforce by 117.7% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 910 shares of the business services provider’s stock valued at $27,000 after acquiring an additional 492 shares during the period. Kestra Advisory Services LLC acquired a new position in shares of Kforce in the 4th quarter worth approximately $31,000. Allworth Financial LP lifted its holdings in shares of Kforce by 212.3% in the 4th quarter. Allworth Financial LP now owns 1,240 shares of the business services provider’s stock worth $38,000 after acquiring an additional 843 shares during the last quarter. Finally, GAMMA Investing LLC boosted its position in shares of Kforce by 29.6% during the 4th quarter. GAMMA Investing LLC now owns 1,868 shares of the business services provider’s stock worth $58,000 after purchasing an additional 427 shares during the period. 92.77% of the stock is currently owned by hedge funds and other institutional investors.

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.