NewEdge Wealth LLC Purchases New Shares in Kforce Inc. $KFRC

NewEdge Wealth LLC acquired a new stake in shares of Kforce Inc. (NASDAQ:KFRC) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 12,875 shares of the business services provider’s stock, valued at approximately $604,000. NewEdge Wealth LLC owned 0.07% of Kforce at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in KFRC. BlackRock Inc. bought a new stake in shares of Kforce during the 2nd quarter valued at about $73,001,000. Charles Schwab Investment Management Inc. increased its position in shares of Kforce by 4.9% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 893,564 shares of the business services provider’s stock valued at $27,629,000 after buying an additional 41,740 shares during the period. Copeland Capital Management LLC raised its stake in Kforce by 51.5% in the first quarter. Copeland Capital Management LLC now owns 666,331 shares of the business services provider’s stock worth $19,484,000 after buying an additional 226,520 shares in the last quarter. AQR Capital Management LLC raised its stake in Kforce by 81.3% in the fourth quarter. AQR Capital Management LLC now owns 442,523 shares of the business services provider’s stock worth $13,683,000 after buying an additional 198,447 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. lifted its holdings in Kforce by 144.5% in the third quarter. Jacobs Levy Equity Management Inc. now owns 411,706 shares of the business services provider’s stock worth $12,343,000 after buying an additional 243,303 shares during the period. 92.77% of the stock is currently owned by institutional investors.

Kforce Stock Up 0.4%

Shares of Kforce stock opened at $58.34 on Friday. Kforce Inc. has a 1 year low of $24.49 and a 1 year high of $61.68. The firm has a market cap of $1.04 billion, a price-to-earnings ratio of 21.77 and a beta of 0.85. The company has a 50-day moving average of $54.22 and a 200 day moving average of $41.39. 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 posted its quarterly earnings data on Monday, July 27th. The business services provider reported $0.73 EPS for the quarter, topping the consensus estimate of $0.70 by $0.03. Kforce had a net margin of 3.59% and a return on equity of 30.34%. The business had revenue of $349.33 million for the quarter, compared to analyst estimates of $348.11 million. During the same quarter in the previous year, the firm posted $0.59 earnings per share. Kforce’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, sell-side analysts anticipate that Kforce Inc. will post 2.7 earnings per share for the current fiscal year.

Kforce Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, September 25th. Stockholders of record on Friday, September 11th will be given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date of this dividend is Friday, September 11th. Kforce’s payout ratio is currently 75.47%.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the company. Robert W. Baird lifted their price objective on Kforce from $42.00 to $63.00 and gave the company an “outperform” rating in a research report on Tuesday, July 28th. UBS Group set a $59.00 target price on Kforce in a research report on Tuesday, July 28th. Truist Financial raised their target price on Kforce from $38.00 to $60.00 and gave the company a “hold” rating in a research note on Wednesday, July 22nd. Finally, Zacks Research lowered Kforce from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 29th. Two analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $60.67.

Kforce Company 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.