Renaissance Technologies LLC Has $3.38 Million Holdings in Kforce Inc. $KFRC

Renaissance Technologies LLC increased its holdings in Kforce Inc. (NASDAQ:KFRC) by 30.8% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 115,649 shares of the business services provider’s stock after purchasing an additional 27,205 shares during the period. Renaissance Technologies LLC owned approximately 0.65% of Kforce worth $3,382,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the stock. Parallel Advisors LLC lifted its holdings in Kforce by 427.2% in the 4th quarter. Parallel Advisors LLC now owns 854 shares of the business services provider’s stock worth $26,000 after purchasing an additional 692 shares during the last quarter. Kestra Advisory Services LLC acquired a new position in Kforce during the fourth quarter valued at approximately $31,000. Allworth Financial LP raised 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 valued at $38,000 after purchasing an additional 843 shares during the period. EverSource Wealth Advisors LLC raised its position in shares of Kforce by 44.3% in the fourth 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 during the period. Finally, Meeder Asset Management Inc. acquired a new position in Kforce in the 1st quarter valued at $75,000. 92.77% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

KFRC has been the topic of several research analyst reports. Zacks Research downgraded Kforce from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 29th. UBS Group set a $59.00 target price on Kforce in a report on Tuesday, July 28th. Truist Financial lifted their price target on Kforce from $38.00 to $60.00 and gave the stock a “hold” rating in a research report on Wednesday, July 22nd. William Blair upgraded Kforce from a “market perform” rating to an “outperform” rating in a report on Tuesday, April 21st. Finally, Robert W. Baird increased their price objective on Kforce from $42.00 to $63.00 and gave the company an “outperform” rating in a research report on Tuesday, July 28th. Two analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, Kforce has a consensus rating of “Hold” and a consensus price target of $60.67.

Kforce Trading Up 0.6%

KFRC stock opened at $58.92 on Friday. Kforce Inc. has a 1-year low of $24.49 and a 1-year high of $61.68. The company has a current ratio of 2.06, a quick ratio of 2.06 and a debt-to-equity ratio of 0.16. The business’s 50 day moving average is $52.24 and its 200-day moving average is $39.71. The firm has a market cap of $1.06 billion, a P/E ratio of 21.98 and a beta of 0.85.

Kforce (NASDAQ:KFRC) last posted its earnings results on Monday, July 27th. The business services provider reported $0.73 EPS for the quarter, topping the consensus estimate of $0.70 by $0.03. The business had revenue of $349.33 million during the quarter, compared to the consensus estimate of $348.11 million. Kforce had a return on equity of 30.34% and a net margin of 3.59%.Kforce’s revenue was up 4.5% on a year-over-year basis. During the same quarter last year, the company earned $0.59 EPS. Kforce has set its Q3 2026 guidance at 0.710-0.790 EPS. Equities analysts anticipate that Kforce Inc. will post 2.7 earnings per share for the current fiscal year.

Kforce Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 25th. Shareholders of record on Friday, September 11th will be paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 2.7%. The ex-dividend date of this dividend is Friday, September 11th. Kforce’s dividend payout ratio is currently 75.47%.

Kforce 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.