Kforce (NASDAQ:KFRC) Shares Cross Above Two Hundred Day Moving Average – What’s Next?

Kforce Inc. (NASDAQ:KFRC)’s stock price crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $33.97 and traded as high as $48.94. Kforce shares last traded at $46.89, with a volume of 164,799 shares traded.

Wall Street Analysts Forecast Growth

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

Kforce Trading Down 0.1%

The stock has a market cap of $808.93 million, a PE ratio of 16.93 and a beta of 0.87. The business has a 50-day moving average of $40.78 and a 200 day moving average of $34.09. The company has a debt-to-equity ratio of 0.16, a quick ratio of 2.06 and a current ratio of 2.06.

Kforce (NASDAQ:KFRC) last announced its earnings results on Monday, April 27th. The business services provider reported $0.46 earnings per share for the quarter, beating the consensus estimate of $0.40 by $0.06. Kforce had a net margin of 3.59% and a return on equity of 30.34%. The firm had revenue of $330.36 million during the quarter, compared to the consensus estimate of $329.32 million. During the same quarter in the previous year, the company posted $0.45 EPS. The firm’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. Equities research analysts predict that Kforce Inc. will post 2.7 EPS for the current fiscal year.

Kforce Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 26th. Investors of record on Friday, June 12th will be paid a dividend of $0.40 per share. The ex-dividend date of this dividend is Friday, June 12th. This represents a $1.60 annualized dividend and a dividend yield of 3.5%. Kforce’s dividend payout ratio is presently 80.81%.

Institutional Trading of Kforce

Hedge funds have recently bought and sold shares of the company. Parallel Advisors LLC lifted its position 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 lifted its holdings in shares of Kforce by 117.7% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 910 shares of the business services provider’s stock worth $27,000 after acquiring an additional 492 shares during the period. Kestra Advisory Services LLC purchased a new position in shares of Kforce during the 4th quarter worth about $31,000. Allworth Financial LP boosted its position in shares of Kforce by 212.3% in the fourth 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% in the fourth quarter. GAMMA Investing LLC now owns 1,868 shares of the business services provider’s stock worth $58,000 after acquiring an additional 427 shares during the last quarter. Institutional investors and hedge funds 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.