Kforce (NASDAQ:KFRC) Hits New 12-Month High – Still a Buy?

Shares of Kforce Inc. (NASDAQ:KFRC) hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $51.40 and last traded at $50.57, with a volume of 146530 shares traded. The stock had previously closed at $50.93.

Wall Street Analysts Forecast Growth

KFRC has been the topic of several research analyst reports. William Blair upgraded Kforce from a “market perform” rating to an “outperform” rating in a research note on Tuesday, April 21st. Zacks Research cut Kforce from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 29th. Finally, 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. Two equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $39.67.

Kforce Stock Down 2.6%

The company has a quick ratio of 2.06, a current ratio of 2.06 and a debt-to-equity ratio of 0.16. The business has a 50-day simple moving average of $45.80 and a 200-day simple moving average of $35.92. The company has a market cap of $945.27 million, a PE ratio of 19.78 and a beta of 0.87.

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, 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 business had revenue of $330.36 million during the quarter, compared to the consensus estimate of $329.32 million. During the same period in the prior year, the company posted $0.45 EPS. The business’s quarterly revenue 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 anticipate that Kforce Inc. will post 2.7 EPS for the current year.

Kforce Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, June 26th. Stockholders of record on Friday, June 12th were paid a dividend of $0.40 per share. The ex-dividend date of this dividend was Friday, June 12th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 3.0%. Kforce’s payout ratio is currently 80.81%.

Hedge Funds Weigh In On Kforce

Several hedge funds and other institutional investors have recently made changes to their positions in KFRC. GAMMA Investing LLC increased its position in shares of Kforce by 13.2% during the second quarter. GAMMA Investing LLC now owns 1,578 shares of the business services provider’s stock worth $74,000 after purchasing an additional 184 shares in the last quarter. Versant Capital Management Inc lifted its holdings in Kforce by 14.3% in the 2nd quarter. Versant Capital Management Inc now owns 3,096 shares of the business services provider’s stock valued at $145,000 after purchasing an additional 387 shares in the last quarter. EverSource Wealth Advisors LLC lifted its holdings in Kforce by 44.3% in the 4th quarter. EverSource Wealth Advisors LLC now owns 1,313 shares of the business services provider’s stock valued at $41,000 after purchasing an additional 403 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Kforce by 4.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 10,841 shares of the business services provider’s stock worth $530,000 after purchasing an additional 474 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its holdings in shares of Kforce by 2.8% during the third quarter. JPMorgan Chase & Co. now owns 17,381 shares of the business services provider’s stock worth $521,000 after buying an additional 475 shares in the last quarter. Hedge funds and other institutional investors own 92.77% of the company’s stock.

About Kforce

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.