Ieq Capital LLC Buys New Shares in Kforce Inc. $KFRC

Ieq Capital LLC purchased a new position in Kforce Inc. (NASDAQ:KFRC) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 38,002 shares of the business services provider’s stock, valued at approximately $1,783,000. Ieq Capital LLC owned approximately 0.21% of Kforce as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. AQR Capital Management LLC lifted its position in shares of Kforce by 9.7% in the first quarter. AQR Capital Management LLC now owns 22,785 shares of the business services provider’s stock valued at $1,114,000 after acquiring an additional 2,017 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in Kforce by 4.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 10,841 shares of the business services provider’s stock valued at $530,000 after purchasing an additional 474 shares during the period. Millennium Management LLC raised its stake in Kforce by 3.5% during the 1st quarter. Millennium Management LLC now owns 133,829 shares of the business services provider’s stock valued at $6,543,000 after purchasing an additional 4,511 shares during the period. Goldman Sachs Group Inc. raised its stake in Kforce by 64.9% during the 1st quarter. Goldman Sachs Group Inc. now owns 251,712 shares of the business services provider’s stock valued at $12,306,000 after purchasing an additional 99,050 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in Kforce by 5.8% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 39,416 shares of the business services provider’s stock worth $1,927,000 after purchasing an additional 2,159 shares in the last quarter. 92.77% of the stock is owned by institutional investors.

Kforce Trading Down 0.1%

KFRC opened at $57.60 on Wednesday. Kforce Inc. has a 12 month low of $24.49 and a 12 month 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 stock has a 50-day moving average of $54.61 and a 200 day moving average of $41.73. The firm has a market cap of $1.03 billion, a P/E ratio of 21.49 and a beta of 0.85.

Kforce (NASDAQ:KFRC) last announced its earnings results on Monday, July 27th. The business services provider reported $0.73 EPS for the quarter, topping analysts’ consensus estimates of $0.70 by $0.03. Kforce had a return on equity of 30.34% and a net margin of 3.59%.The firm had revenue of $349.33 million during the quarter, compared to analysts’ expectations of $348.11 million. During the same quarter in the previous year, the business earned $0.59 EPS. The company’s quarterly revenue was up 4.5% on a year-over-year basis. Kforce has set its Q3 2026 guidance at 0.710-0.790 EPS. As a group, research analysts forecast that Kforce Inc. will post 2.7 EPS for the current 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 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 2.8%. Kforce’s payout ratio is 75.47%.

Wall Street Analysts Forecast Growth

KFRC has been the subject of a number of research analyst reports. Truist Financial increased their price objective on shares of Kforce from $38.00 to $60.00 and gave the company a “hold” rating in a report on Wednesday, July 22nd. UBS Group set a $59.00 target price on shares of Kforce in a report on Tuesday, July 28th. Robert W. Baird raised their target price on shares of Kforce from $42.00 to $63.00 and gave the company an “outperform” rating in a research note on Tuesday, July 28th. Finally, Zacks Research downgraded shares of Kforce from a “strong-buy” rating to a “hold” rating in a report on Monday, June 29th. Two investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, Kforce currently has a consensus rating of “Hold” and an average price target of $60.67.

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.