Kforce (NASDAQ:KFRC) Stock Price Expected to Rise, Truist Financial Analyst Says

Kforce (NASDAQ:KFRC) had its target price boosted by equities research analysts at Truist Financial from $38.00 to $60.00 in a research report issued on Wednesday,Benzinga reports. The firm presently has a “hold” rating on the business services provider’s stock. Truist Financial’s target price indicates a potential upside of 4.55% from the company’s current price.

A number of other brokerages also recently weighed in on KFRC. Robert W. Baird lifted their price target on Kforce from $40.00 to $42.00 and gave the company an “outperform” rating in a report on Tuesday, April 28th. Zacks Research downgraded Kforce from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 29th. Finally, William Blair upgraded Kforce from a “market perform” rating to an “outperform” rating in a research report on Tuesday, April 21st. Two equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, Kforce has an average rating of “Hold” and an average target price of $47.00.

Kforce Trading Down 0.1%

Shares of NASDAQ:KFRC traded down $0.08 during mid-day trading on Wednesday, hitting $57.39. The stock had a trading volume of 28,803 shares, compared to its average volume of 250,127. The company’s 50 day moving average is $48.07 and its 200-day moving average is $37.51. Kforce has a 12-month low of $24.49 and a 12-month high of $60.70. The company has a debt-to-equity ratio of 0.16, a quick ratio of 2.06 and a current ratio of 2.06. The company has a market cap of $1.02 billion, a PE ratio of 21.41 and a beta of 0.87.

Kforce (NASDAQ:KFRC) last posted its quarterly earnings data 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 net margin of 3.59% and a return on equity of 30.34%. The firm had revenue of $330.36 million for the quarter, compared to analysts’ expectations of $329.32 million. During the same period in the previous year, the company posted $0.45 EPS. The company’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. On average, sell-side analysts predict that Kforce will post 2.7 EPS for the current year.

Institutional Investors Weigh In On Kforce

A number of large investors have recently bought and sold shares of KFRC. AQR Capital Management LLC increased its position in Kforce by 9.7% during the first quarter. AQR Capital Management LLC now owns 22,785 shares of the business services provider’s stock worth $1,114,000 after buying an additional 2,017 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Kforce by 4.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 10,841 shares of the business services provider’s stock worth $530,000 after buying an additional 474 shares during the last quarter. Millennium Management LLC boosted its stake in shares of Kforce by 3.5% during the 1st quarter. Millennium Management LLC now owns 133,829 shares of the business services provider’s stock worth $6,543,000 after acquiring an additional 4,511 shares in the last quarter. Goldman Sachs Group Inc. boosted its stake in shares of Kforce by 64.9% during the 1st quarter. Goldman Sachs Group Inc. now owns 251,712 shares of the business services provider’s stock worth $12,306,000 after acquiring an additional 99,050 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in shares of Kforce by 5.8% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 39,416 shares of the business services provider’s stock valued at $1,927,000 after acquiring an additional 2,159 shares during the last quarter. 92.77% of the stock is currently owned by 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.