S&T Bank PA Grows Position in Kforce Inc. $KFRC

S&T Bank PA increased its holdings in shares of Kforce Inc. (NASDAQ:KFRC) by 6.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 62,999 shares of the business services provider’s stock after acquiring an additional 3,564 shares during the quarter. S&T Bank PA owned about 0.34% of Kforce worth $2,591,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. Bank of New York Mellon Corp boosted its holdings in shares of Kforce by 0.3% during the 1st quarter. Bank of New York Mellon Corp now owns 149,463 shares of the business services provider’s stock worth $7,307,000 after purchasing an additional 492 shares during the last quarter. Envestnet Asset Management Inc. lifted its position in Kforce by 5.4% during the first quarter. Envestnet Asset Management Inc. now owns 175,433 shares of the business services provider’s stock worth $8,577,000 after buying an additional 8,995 shares in the last quarter. Alps Advisors Inc. boosted its stake in Kforce by 7.7% during the first quarter. Alps Advisors Inc. now owns 42,503 shares of the business services provider’s stock worth $2,078,000 after buying an additional 3,050 shares during the last quarter. MQS Management LLC purchased a new stake in Kforce in the 1st quarter valued at $589,000. Finally, Signaturefd LLC grew its holdings in Kforce by 1,069.1% in the 1st quarter. Signaturefd LLC now owns 795 shares of the business services provider’s stock valued at $39,000 after buying an additional 727 shares in the last quarter. Institutional investors and hedge funds own 92.77% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently weighed in on KFRC. UBS Group dropped their price target on shares of Kforce from $40.00 to $34.50 and set a “neutral” rating for the company in a research note on Wednesday. Zacks Research lowered Kforce from a “hold” rating to a “strong sell” rating in a research note on Tuesday, October 28th. Finally, Truist Financial cut their price objective on Kforce from $46.00 to $35.00 and set a “hold” rating for the company in a research report on Monday, October 13th. Two research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Kforce has a consensus rating of “Reduce” and a consensus target price of $34.75.

Kforce Stock Performance

NASDAQ KFRC opened at $30.27 on Friday. The company has a market cap of $563.01 million, a P/E ratio of 11.30 and a beta of 0.68. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.06 and a quick ratio of 2.06. The stock has a 50-day moving average of $29.39 and a two-hundred day moving average of $36.03. Kforce Inc. has a 1-year low of $24.49 and a 1-year high of $62.80.

Kforce (NASDAQ:KFRC) last posted its quarterly earnings data on Monday, November 3rd. The business services provider reported $0.63 EPS for the quarter, beating the consensus estimate of $0.57 by $0.06. The business had revenue of $332.65 million during the quarter, compared to analyst estimates of $328.34 million. Kforce had a net margin of 3.59% and a return on equity of 30.34%. The business’s revenue for the quarter was down 5.9% compared to the same quarter last year. During the same quarter last year, the firm posted $0.75 earnings per share. Kforce has set its Q4 2025 guidance at 0.430-0.510 EPS. As a group, analysts anticipate that Kforce Inc. will post 2.7 EPS for the current year.

Kforce Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 19th. Shareholders of record on Friday, December 5th will be given a $0.39 dividend. The ex-dividend date of this dividend is Friday, December 5th. This represents a $1.56 dividend on an annualized basis and a yield of 5.2%. Kforce’s dividend payout ratio (DPR) is currently 68.72%.

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.