Vestmark Advisory Solutions Inc. Reduces Position in Kforce Inc. $KFRC

Vestmark Advisory Solutions Inc. trimmed its holdings in Kforce Inc. (NASDAQ:KFRC) by 53.5% in the 2nd quarter, according to its most recent filing with the SEC. The institutional investor owned 14,995 shares of the business services provider’s stock after selling 17,241 shares during the quarter. Vestmark Advisory Solutions Inc. owned about 0.08% of Kforce worth $617,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Bank of New York Mellon Corp grew its stake in shares of Kforce by 0.3% in the first quarter. Bank of New York Mellon Corp now owns 149,463 shares of the business services provider’s stock worth $7,307,000 after acquiring an additional 492 shares during the period. Envestnet Asset Management Inc. boosted its holdings in Kforce by 5.4% in the first quarter. Envestnet Asset Management Inc. now owns 175,433 shares of the business services provider’s stock worth $8,577,000 after purchasing an additional 8,995 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. grew its position in Kforce by 8.1% in the 2nd quarter. Mirae Asset Global Investments Co. Ltd. now owns 15,156 shares of the business services provider’s stock worth $623,000 after purchasing an additional 1,137 shares during the period. Access Investment Management LLC bought a new stake in Kforce in the 2nd quarter worth approximately $1,523,000. Finally, Callan Family Office LLC purchased a new stake in Kforce during the 2nd quarter valued at $1,060,000. Hedge funds and other institutional investors own 92.77% of the company’s stock.

Kforce Stock Up 3.5%

KFRC stock opened at $31.15 on Wednesday. The business’s 50-day moving average price is $29.27 and its 200-day moving average price is $35.63. The stock has a market cap of $565.07 million, a P/E ratio of 11.62 and a beta of 0.68. The company has a quick ratio of 2.06, a current ratio of 2.06 and a debt-to-equity ratio of 0.16. Kforce Inc. has a twelve month low of $24.49 and a twelve month high of $62.05.

Kforce (NASDAQ:KFRC) last released its earnings results on Monday, November 3rd. The business services provider reported $0.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.57 by $0.06. Kforce had a net margin of 3.59% and a return on equity of 30.34%. The company had revenue of $332.65 million during the quarter, compared to analyst estimates of $328.34 million. During the same period in the prior year, the firm posted $0.75 EPS. The firm’s quarterly revenue was down 5.9% compared to the same quarter last year. Kforce has set its Q4 2025 guidance at 0.430-0.510 EPS. On average, equities research analysts forecast that Kforce Inc. will post 2.7 EPS for the current year.

Kforce Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, December 19th. Investors of record on Friday, December 5th will be paid a dividend of $0.39 per share. The ex-dividend date is Friday, December 5th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 5.0%. Kforce’s payout ratio is 68.72%.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on KFRC. Truist Financial dropped their price target on Kforce from $46.00 to $35.00 and set a “hold” rating on the stock in a research note on Monday, October 13th. Zacks Research cut Kforce from a “hold” rating to a “strong sell” rating in a research report on Tuesday, October 28th. Finally, UBS Group reduced their price target on shares of Kforce from $40.00 to $34.50 and set a “neutral” rating for the company in a research report on Wednesday, November 5th. Two research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Kforce has an average rating of “Reduce” and an average target price of $34.75.

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.