Ieq Capital LLC Buys Shares of 38,002 Kforce Inc. $KFRC

Ieq Capital LLC bought a new stake in shares of Kforce Inc. (NASDAQ:KFRC) during the second quarter, HoldingsChannel.com reports. The fund bought 38,002 shares of the business services provider’s stock, valued at approximately $1,783,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Callan Family Office LLC bought a new stake in shares of Kforce during the 2nd quarter worth approximately $1,468,000. Allworth Financial LP purchased a new position in Kforce during the 2nd quarter valued at $33,000. Virtus Advisers LLC bought a new position in Kforce in the 2nd quarter valued at $495,000. NewEdge Wealth LLC bought a new position in Kforce in the 2nd quarter valued at $604,000. Finally, First National Bank of Omaha purchased a new stake in Kforce in the second quarter worth $569,000. 92.77% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

Kforce Trading Down 0.1%

Shares of NASDAQ KFRC opened at $57.60 on Wednesday. Kforce Inc. has a twelve month low of $24.49 and a twelve month high of $61.68. The firm has a market cap of $1.03 billion, a PE ratio of 21.49 and a beta of 0.85. The business has a fifty day simple moving average of $54.61 and a two-hundred day simple moving average of $41.73. 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 (NASDAQ:KFRC) last posted its quarterly earnings results on Monday, July 27th. The business services provider reported $0.73 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.70 by $0.03. The business had revenue of $349.33 million for the quarter, compared to the consensus estimate of $348.11 million. Kforce had a return on equity of 30.34% and a net margin of 3.59%.The business’s revenue was up 4.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.59 EPS. Kforce has set its Q3 2026 guidance at 0.710-0.790 EPS. Analysts expect that Kforce Inc. will post 2.7 earnings per share for the current fiscal year.

Kforce Dividend Announcement

The firm 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 annualized dividend and a dividend yield of 2.8%. The ex-dividend date of this dividend is Friday, September 11th. Kforce’s dividend payout ratio is presently 75.47%.

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.