NewEdge Wealth LLC Takes $604,000 Position in Kforce Inc. $KFRC

NewEdge Wealth LLC purchased a new position in Kforce Inc. (NASDAQ:KFRC) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 12,875 shares of the business services provider’s stock, valued at approximately $604,000.

Several other institutional investors also recently bought and sold shares of the company. BlackRock Inc. bought a new stake in Kforce during the 2nd quarter valued at about $73,001,000. Charles Schwab Investment Management Inc. lifted its stake in shares of Kforce by 4.9% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 893,564 shares of the business services provider’s stock worth $27,629,000 after buying an additional 41,740 shares in the last quarter. Copeland Capital Management LLC lifted its stake in shares of Kforce by 51.5% in the first quarter. Copeland Capital Management LLC now owns 666,331 shares of the business services provider’s stock worth $19,484,000 after buying an additional 226,520 shares in the last quarter. AQR Capital Management LLC grew its holdings in shares of Kforce by 81.3% during the fourth quarter. AQR Capital Management LLC now owns 442,523 shares of the business services provider’s stock valued at $13,683,000 after buying an additional 198,447 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. grew its holdings in shares of Kforce by 144.5% during the third quarter. Jacobs Levy Equity Management Inc. now owns 411,706 shares of the business services provider’s stock valued at $12,343,000 after buying an additional 243,303 shares during the last quarter. 92.77% of the stock is owned by hedge funds and other institutional investors.

Kforce Price Performance

Shares of NASDAQ:KFRC opened at $58.34 on Friday. 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 firm has a market cap of $1.04 billion, a price-to-earnings ratio of 21.77 and a beta of 0.85. The business has a 50-day simple moving average of $54.22 and a two-hundred day simple moving average of $41.39. Kforce Inc. has a fifty-two week low of $24.49 and a fifty-two week high of $61.68.

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

Kforce Announces Dividend

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

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the stock. UBS Group set a $59.00 price target on shares of Kforce in a research report on Tuesday, July 28th. Zacks Research cut Kforce from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 29th. Truist Financial increased their target price on Kforce from $38.00 to $60.00 and gave the company a “hold” rating in a research note on Wednesday, July 22nd. Finally, Robert W. Baird lifted their target price on Kforce from $42.00 to $63.00 and gave the stock an “outperform” rating in a report on Tuesday, July 28th. Two analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $60.67.

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.