10,559 Shares in Kforce Inc. $KFRC Acquired by Virtus Advisers LLC

Virtus Advisers LLC acquired a new stake in Kforce Inc. (NASDAQ:KFRC) during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 10,559 shares of the business services provider’s stock, valued at approximately $495,000. Virtus Advisers LLC owned about 0.06% of Kforce at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. Parallel Advisors LLC grew its position 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 acquiring an additional 692 shares during the last quarter. Kestra Advisory Services LLC bought a new position in shares of Kforce in the fourth quarter worth about $31,000. Global Retirement Partners LLC bought a new position in shares of Kforce in the second quarter worth about $34,000. Allworth Financial LP boosted its stake in shares of Kforce by 212.3% in the 4th quarter. Allworth Financial LP now owns 1,240 shares of the business services provider’s stock valued at $38,000 after purchasing an additional 843 shares in the last quarter. Finally, EverSource Wealth Advisors LLC boosted its stake in shares of Kforce by 44.3% in the 4th quarter. EverSource Wealth Advisors LLC now owns 1,313 shares of the business services provider’s stock valued at $41,000 after purchasing an additional 403 shares in the last quarter. 92.77% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

KFRC has been the topic of several research reports. Robert W. Baird lifted their price target on shares of Kforce from $42.00 to $63.00 and gave the company an “outperform” rating in a report on Tuesday, July 28th. Truist Financial increased their price objective on shares of Kforce from $38.00 to $60.00 and gave the company a “hold” rating in a research note on Wednesday, July 22nd. UBS Group set a $59.00 target price on shares of Kforce in a research report on Tuesday, July 28th. Finally, Zacks Research cut shares of Kforce from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 29th. Two equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, Kforce currently has a consensus rating of “Hold” and an average price target of $60.67.

Kforce Price Performance

Kforce stock opened at $57.92 on Friday. The stock has a 50-day moving average price of $54.05 and a two-hundred day moving average price of $41.27. Kforce Inc. has a 12 month low of $24.49 and a 12 month high of $61.68. The company has a market capitalization of $1.04 billion, a PE ratio of 21.61 and a beta of 0.85. 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 released its quarterly earnings results on Monday, July 27th. The business services provider reported $0.73 earnings per share for the quarter, topping the consensus estimate of $0.70 by $0.03. The company had revenue of $349.33 million for the quarter, compared to analysts’ expectations of $348.11 million. Kforce had a return on equity of 30.34% and a net margin of 3.59%.The business’s quarterly revenue was up 4.5% compared to the same quarter last year. During the same period in the previous year, the business posted $0.59 earnings per share. Kforce has set its Q3 2026 guidance at 0.710-0.790 EPS. Analysts expect that Kforce Inc. will post 2.7 EPS for the current year.

Kforce Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 25th. Shareholders of record on Friday, September 11th will be issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date of this dividend is Friday, September 11th. Kforce’s payout ratio is presently 75.47%.

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.