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

Kforce (NASDAQ:KFRC) had its price target raised by investment analysts at Truist Financial from $35.00 to $38.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The brokerage currently has a “hold” rating on the business services provider’s stock. Truist Financial’s price target suggests a potential upside of 12.68% from the stock’s current price.

A number of other equities analysts also recently issued reports on the company. UBS Group dropped their price target on Kforce from $40.00 to $34.50 and set a “neutral” rating on the stock in a research report on Wednesday, November 5th. Zacks Research raised shares of Kforce from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, December 30th. One investment analyst has rated the stock with a Strong Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $36.25.

Kforce Trading Down 2.1%

Shares of NASDAQ:KFRC traded down $0.74 during trading on Tuesday, reaching $33.73. 6,914 shares of the company were exchanged, compared to its average volume of 160,987. The firm has a market capitalization of $611.81 million, a PE ratio of 12.61 and a beta of 0.55. The business’s fifty day simple moving average is $31.44 and its 200-day simple moving average is $31.98. Kforce has a 12-month low of $24.49 and a 12-month high of $57.30. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.06 and a quick ratio of 2.06.

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

Hedge Funds Weigh In On Kforce

A number of large investors have recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC lifted its position in shares of Kforce by 117.7% during the third quarter. EverSource Wealth Advisors LLC now owns 910 shares of the business services provider’s stock valued at $27,000 after buying an additional 492 shares during the last quarter. State of Alaska Department of Revenue purchased a new position in shares of Kforce in the 3rd quarter worth approximately $29,000. GAMMA Investing LLC raised its stake in shares of Kforce by 752.7% during the 3rd quarter. GAMMA Investing LLC now owns 1,441 shares of the business services provider’s stock worth $43,000 after acquiring an additional 1,272 shares in the last quarter. Parkside Financial Bank & Trust lifted its position in Kforce by 3,756.3% during the second quarter. Parkside Financial Bank & Trust now owns 1,234 shares of the business services provider’s stock valued at $51,000 after acquiring an additional 1,202 shares during the last quarter. Finally, Tower Research Capital LLC TRC grew its holdings in Kforce by 273.0% in the second 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 currently owned by institutional investors.

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.