Copeland Capital Management LLC lifted its holdings in shares of Kforce Inc. (NASDAQ:KFRC – Free Report) by 51.5% during the first quarter, Holdings Channel reports. The fund owned 666,331 shares of the business services provider’s stock after purchasing an additional 226,520 shares during the quarter. Copeland Capital Management LLC’s holdings in Kforce were worth $19,484,000 as of its most recent SEC filing.
Other institutional investors have also modified their holdings of the company. Parallel Advisors LLC boosted its holdings in Kforce by 427.2% in the fourth quarter. Parallel Advisors LLC now owns 854 shares of the business services provider’s stock valued at $26,000 after purchasing an additional 692 shares during the last quarter. Kestra Advisory Services LLC purchased a new stake in Kforce during the 4th quarter worth approximately $31,000. Allworth Financial LP increased its holdings in Kforce by 212.3% during the 4th quarter. Allworth Financial LP now owns 1,240 shares of the business services provider’s stock worth $38,000 after purchasing an additional 843 shares during the last quarter. EverSource Wealth Advisors LLC increased its holdings in Kforce by 44.3% during the 4th quarter. EverSource Wealth Advisors LLC now owns 1,313 shares of the business services provider’s stock worth $41,000 after purchasing an additional 403 shares during the last quarter. Finally, GAMMA Investing LLC raised its position in shares of Kforce by 29.6% in the 4th quarter. GAMMA Investing LLC now owns 1,868 shares of the business services provider’s stock valued at $58,000 after purchasing an additional 427 shares in the last quarter. Institutional investors and hedge funds own 92.77% of the company’s stock.
Wall Street Analyst Weigh In
Several equities analysts have recently commented on KFRC shares. Robert W. Baird increased their target price on Kforce from $40.00 to $42.00 and gave the company an “outperform” rating in a research note on Tuesday, April 28th. Zacks Research lowered shares of Kforce from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 29th. Finally, William Blair raised shares of Kforce from a “market perform” rating to an “outperform” rating in a report on Tuesday, April 21st. Two research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $39.67.
Kforce Trading Down 0.5%
NASDAQ:KFRC opened at $58.44 on Friday. The company has a market cap of $1.04 billion, a PE ratio of 21.81 and a beta of 0.87. The business’s 50 day moving average is $47.42 and its two-hundred day moving average is $37.10. The company has a quick ratio of 2.06, a current ratio of 2.06 and a debt-to-equity ratio of 0.16. Kforce Inc. has a 52 week low of $24.49 and a 52 week high of $60.70.
Kforce (NASDAQ:KFRC – Get Free Report) last issued its quarterly earnings results on Monday, April 27th. The business services provider reported $0.46 earnings per share for the quarter, beating analysts’ consensus estimates of $0.40 by $0.06. The business had revenue of $330.36 million during the quarter, compared to the consensus estimate of $329.32 million. Kforce had a return on equity of 30.34% and a net margin of 3.59%.The business’s quarterly revenue was up .1% on a year-over-year basis. During the same period in the previous year, the business earned $0.45 EPS. Kforce has set its Q2 2026 guidance at 0.670-0.750 EPS. On average, analysts predict that Kforce Inc. will post 2.7 EPS for the current year.
Kforce Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 26th. Shareholders of record on Friday, June 12th were issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date of this dividend was Friday, June 12th. Kforce’s payout ratio is currently 80.81%.
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.
Featured Articles
- Five stocks we like better than Kforce
- AST SpaceMobile Stock Sinks as SpaceX Fallout Rattles Space Sector
- Aehr Test Systems Stock Soars on Earnings, Eyes Over 150% Revenue Growth
- TSMC Just Gave AI Chip Bulls Another Reason to Stay Confident
- GE Aerospace Faces a Prove-It Moment in Q2 Earnings
Want to see what other hedge funds are holding KFRC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Kforce Inc. (NASDAQ:KFRC – Free Report).
Receive News & Ratings for Kforce Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kforce and related companies with MarketBeat.com's FREE daily email newsletter.
