Kforce Inc. $KFRC Shares Acquired by S&T Bank PA

S&T Bank PA lifted its position in shares of Kforce Inc. (NASDAQ:KFRC) by 6.0% in the 2nd quarter, Holdings Channel.com reports. The firm owned 62,999 shares of the business services provider’s stock after purchasing an additional 3,564 shares during the period. S&T Bank PA’s holdings in Kforce were worth $2,591,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Signaturefd LLC boosted its holdings in Kforce by 1,069.1% in the first quarter. Signaturefd LLC now owns 795 shares of the business services provider’s stock valued at $39,000 after purchasing an additional 727 shares in the last quarter. Quarry LP purchased a new stake in shares of Kforce during the 1st quarter worth approximately $42,000. Meeder Asset Management Inc. lifted its position in shares of 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 buying an additional 736 shares during the last quarter. CWM LLC boosted its holdings in shares of Kforce by 783.0% in the 2nd quarter. CWM LLC now owns 2,649 shares of the business services provider’s stock valued at $109,000 after buying an additional 2,349 shares in the last quarter. Finally, PNC Financial Services Group Inc. grew its position in shares of Kforce by 18.8% in the 1st quarter. PNC Financial Services Group Inc. now owns 3,027 shares of the business services provider’s stock valued at $148,000 after buying an additional 480 shares during the last quarter. Institutional investors and hedge funds own 92.77% of the company’s stock.

Kforce Stock Down 2.3%

Kforce stock opened at $30.27 on Friday. 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 twelve month low of $24.49 and a twelve month high of $62.80. The stock has a market capitalization of $563.01 million, a price-to-earnings ratio of 11.30 and a beta of 0.68. The company has a current ratio of 2.06, a quick ratio of 2.06 and a debt-to-equity ratio of 0.16.

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

Kforce Announces Dividend

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

Analysts Set New Price Targets

A number of brokerages recently weighed in on KFRC. UBS Group reduced their price target on shares of Kforce from $40.00 to $34.50 and set a “neutral” rating for the company in a research report on Wednesday. Truist Financial reduced their target price on Kforce from $46.00 to $35.00 and set a “hold” rating for the company in a report on Monday, October 13th. Finally, Zacks Research cut Kforce from a “hold” rating to a “strong sell” rating in a research report on Tuesday, October 28th. Two analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Kforce presently has an average rating of “Reduce” and a consensus target price of $34.75.

Kforce 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.