Analysts Set Kforce Inc. (NASDAQ:KFRC) Price Target at $68.33

Kforce Inc. (NASDAQ:KFRC) has earned an average recommendation of “Hold” from the four research firms that are presently covering the firm, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $68.33.

Several equities research analysts recently issued reports on the company. StockNews.com downgraded Kforce from a “buy” rating to a “hold” rating in a report on Tuesday, February 6th. Truist Financial raised their price target on shares of Kforce from $57.00 to $70.00 and gave the company a “hold” rating in a research report on Thursday, January 25th. Finally, Robert W. Baird upped their price objective on shares of Kforce from $62.00 to $72.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 6th.

Kforce Stock Performance

KFRC opened at $64.00 on Friday. The company has a market cap of $1.25 billion, a price-to-earnings ratio of 20.16 and a beta of 0.85. The company’s fifty day moving average price is $68.37 and its two-hundred day moving average price is $66.34. Kforce has a 1-year low of $50.89 and a 1-year high of $74.79. The company has a current ratio of 2.37, a quick ratio of 2.37 and a debt-to-equity ratio of 0.26.

Kforce (NASDAQ:KFRC) last announced its quarterly earnings results on Monday, February 5th. The business services provider reported $0.82 earnings per share for the quarter, beating the consensus estimate of $0.79 by $0.03. The business had revenue of $363.45 million for the quarter, compared to analysts’ expectations of $363.29 million. Kforce had a net margin of 3.99% and a return on equity of 38.24%. The firm’s revenue for the quarter was down 13.4% compared to the same quarter last year. During the same quarter last year, the firm earned $0.93 EPS. On average, analysts expect that Kforce will post 3.02 EPS for the current fiscal year.

Kforce Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Friday, March 15th were given a dividend of $0.38 per share. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $1.52 annualized dividend and a yield of 2.38%. This is a positive change from Kforce’s previous quarterly dividend of $0.36. Kforce’s dividend payout ratio is presently 48.56%.

Institutional Trading of Kforce

Hedge funds have recently added to or reduced their stakes in the stock. Ronald Blue Trust Inc. increased its stake in shares of Kforce by 352.1% during the 3rd quarter. Ronald Blue Trust Inc. now owns 434 shares of the business services provider’s stock worth $27,000 after purchasing an additional 338 shares during the last quarter. SRS Capital Advisors Inc. increased its position in Kforce by 420.9% in the fourth quarter. SRS Capital Advisors Inc. now owns 448 shares of the business services provider’s stock worth $30,000 after buying an additional 362 shares during the last quarter. First Horizon Advisors Inc. increased its position in Kforce by 22.8% in the third quarter. First Horizon Advisors Inc. now owns 1,207 shares of the business services provider’s stock worth $72,000 after buying an additional 224 shares during the last quarter. Virtu Financial LLC bought a new stake in shares of Kforce in the fourth quarter valued at $207,000. Finally, GW Henssler & Associates Ltd. purchased a new position in shares of Kforce during the 3rd quarter valued at $213,000. Institutional investors own 92.77% of the company’s stock.

Kforce Company Profile

Kforce Inc provides professional staffing services and solutions in the United States. It operates through two segments, Technology, and Finance and Accounting (FA). The Technology segment provides talent solutions to its clients primarily in the areas of information technology, such as systems/applications architecture and development, data management and analytics, business and artificial intelligence, machine learning, project and program management, and network architecture and security.