Zacks Research Upgrades Kforce (NASDAQ:KFRC) to “Hold”

Kforce (NASDAQ:KFRC) was upgraded by Zacks Research from a “strong sell” rating to a “hold” rating in a research note issued to investors on Monday,Zacks.com reports.

A number of other research analysts also recently issued reports on KFRC. Truist Financial decreased their price objective on Kforce from $50.00 to $46.00 and set a “hold” rating for the company in a report on Tuesday, July 29th. UBS Group decreased their price target on Kforce from $45.00 to $40.00 and set a “neutral” rating for the company in a research note on Wednesday, July 30th. One analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Kforce presently has a consensus rating of “Hold” and an average target price of $52.33.

Kforce Stock Up 0.5%

NASDAQ:KFRC opened at $30.08 on Monday. 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 $559.46 million, a PE ratio of 11.22 and a beta of 0.68. Kforce has a 52-week low of $29.33 and a 52-week high of $62.80. The stock has a 50-day simple moving average of $33.05 and a 200 day simple moving average of $39.60.

Kforce (NASDAQ:KFRC) last posted its quarterly earnings data on Monday, July 28th. The business services provider reported $0.59 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.60 by ($0.01). The firm had revenue of $334.32 million for the quarter, compared to the consensus estimate of $333.78 million. Kforce had a return on equity of 30.34% and a net margin of 3.59%.The firm’s quarterly revenue was down 6.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.75 earnings per share. Kforce has set its Q3 2025 guidance at 0.530-0.61 EPS. On average, sell-side analysts expect that Kforce will post 2.7 EPS for the current fiscal year.

Institutional Trading of Kforce

Hedge funds have recently added to or reduced their stakes in the company. Signaturefd LLC lifted its holdings in Kforce by 1,069.1% during the 1st quarter. Signaturefd LLC now owns 795 shares of the business services provider’s stock worth $39,000 after purchasing an additional 727 shares during the last quarter. Quarry LP acquired a new stake in Kforce during the 1st quarter worth approximately $42,000. Meeder Asset Management Inc. lifted its holdings in Kforce by 336.1% during the 1st quarter. Meeder Asset Management Inc. now owns 955 shares of the business services provider’s stock worth $47,000 after purchasing an additional 736 shares during the last quarter. Parkside Financial Bank & Trust lifted its holdings in Kforce by 3,756.3% during the 2nd quarter. Parkside Financial Bank & Trust now owns 1,234 shares of the business services provider’s stock worth $51,000 after purchasing an additional 1,202 shares during the last quarter. Finally, Tower Research Capital LLC TRC lifted its holdings in Kforce by 273.0% during the 2nd quarter. Tower Research Capital LLC TRC now owns 1,865 shares of the business services provider’s stock worth $77,000 after purchasing an additional 1,365 shares during the last quarter. 92.77% of the stock is owned by institutional investors and hedge funds.

Kforce Company Profile

Kforce Inc provides professional staffing services and solutions in the United States. It operates through two segments, Technology, and Finance and Accounting (FA). The Technology segment provides talent solutions to its clients primarily in the areas of information technology, such as systems/applications architecture and development, data management and analytics, business and artificial intelligence, machine learning, project and program management, and network architecture and security.