Royce & Associates LP Sells 23,476 Shares of Kforce Inc. $KFRC

Royce & Associates LP reduced its holdings in Kforce Inc. (NASDAQ:KFRC) by 17.5% during the 4th quarter, HoldingsChannel reports. The firm owned 110,347 shares of the business services provider’s stock after selling 23,476 shares during the quarter. Royce & Associates LP’s holdings in Kforce were worth $3,412,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently made changes to their positions in KFRC. Jacobs Levy Equity Management Inc. grew its position in shares of 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 valued at $12,343,000 after purchasing an additional 243,303 shares during the last quarter. Russell Investments Group Ltd. grew its position in shares of Kforce by 258.2% in the third quarter. Russell Investments Group Ltd. now owns 285,019 shares of the business services provider’s stock valued at $8,545,000 after purchasing an additional 205,457 shares during the last quarter. Hotchkis & Wiley Capital Management LLC grew its position in shares of Kforce by 49.6% in the third quarter. Hotchkis & Wiley Capital Management LLC now owns 409,575 shares of the business services provider’s stock valued at $12,279,000 after purchasing an additional 135,804 shares during the last quarter. Deprince Race & Zollo Inc. grew its position in shares of Kforce by 30.7% in the fourth quarter. Deprince Race & Zollo Inc. now owns 499,733 shares of the business services provider’s stock valued at $15,452,000 after purchasing an additional 117,290 shares during the last quarter. Finally, New South Capital Management Inc. grew its position in shares of Kforce by 18.1% in the third quarter. New South Capital Management Inc. now owns 709,550 shares of the business services provider’s stock valued at $21,272,000 after purchasing an additional 108,507 shares during the last quarter. 92.77% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

KFRC has been the topic of several research analyst reports. William Blair raised Kforce from a “market perform” rating to an “outperform” rating in a research report on Tuesday, April 21st. Robert W. Baird raised their price target on Kforce from $40.00 to $42.00 and gave the company an “outperform” rating in a research report on Tuesday, April 28th. UBS Group raised their price target on Kforce from $34.50 to $39.00 and gave the company a “neutral” rating in a research report on Tuesday, February 3rd. Finally, Zacks Research raised Kforce from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, April 29th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $39.67.

Kforce Stock Up 5.0%

KFRC stock opened at $46.95 on Friday. Kforce Inc. has a twelve month low of $24.49 and a twelve month high of $47.50. The company has a market cap of $837.21 million, a PE ratio of 17.52 and a beta of 0.87. The business’s 50-day simple moving average is $35.37 and its 200 day simple moving average is $32.26. 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 released its earnings results on Monday, April 27th. The business services provider reported $0.46 earnings per share for the quarter, topping analysts’ consensus estimates of $0.40 by $0.06. Kforce had a return on equity of 30.34% and a net margin of 3.59%.The business had revenue of $330.36 million for the quarter, compared to the consensus estimate of $329.32 million. During the same period last year, the business earned $0.45 earnings per share. The firm’s revenue for the quarter was up .1% compared to the same quarter last year. Kforce has set its Q2 2026 guidance at 0.670-0.750 EPS. On average, research analysts anticipate that Kforce Inc. will post 2.7 earnings per share for the current year.

Kforce Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, June 26th. Investors of record on Friday, June 12th will be given a dividend of $0.40 per share. The ex-dividend date of this dividend is Friday, June 12th. This represents a $1.60 dividend on an annualized basis and a yield of 3.4%. Kforce’s dividend payout ratio (DPR) is 80.81%.

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.