Truist Financial Forecasts Strong Price Appreciation for Kforce (NASDAQ:KFRC) Stock

Kforce (NASDAQ:KFRC) had its price target hoisted by equities research analysts at Truist Financial from $35.00 to $38.00 in a note issued to investors on Tuesday,Benzinga reports. The brokerage currently has a “hold” rating on the business services provider’s stock. Truist Financial’s target price suggests a potential upside of 16.93% from the stock’s current price.

KFRC has been the subject of several other research reports. Zacks Research raised Kforce from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, December 30th. UBS Group decreased their price target on shares of Kforce from $40.00 to $34.50 and set a “neutral” rating on the stock in a report on Wednesday, November 5th. One analyst has rated the stock with a Strong Buy rating and two have given 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 target price of $36.25.

Kforce Stock Performance

NASDAQ KFRC opened at $32.50 on Tuesday. The company has a current ratio of 2.06, a quick ratio of 2.06 and a debt-to-equity ratio of 0.16. The firm has a market capitalization of $589.55 million, a price-to-earnings ratio of 12.13 and a beta of 0.55. The firm’s 50 day simple moving average is $31.63 and its 200 day simple moving average is $31.92. Kforce has a 1 year low of $24.49 and a 1 year high of $56.73.

Kforce (NASDAQ:KFRC) last announced its quarterly earnings data on Monday, November 3rd. The business services provider reported $0.63 EPS for the quarter, beating the consensus estimate of $0.57 by $0.06. Kforce had a net margin of 3.59% and a return on equity of 30.34%. The business had revenue of $332.65 million during the quarter, compared to the consensus estimate of $328.34 million. During the same period in the previous year, the business earned $0.75 earnings per share. The company’s revenue was down 5.9% on a year-over-year basis. Kforce has set its Q4 2025 guidance at 0.430-0.510 EPS. As a group, research analysts expect that Kforce will post 2.7 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Kforce

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Deprince Race & Zollo Inc. lifted its position in shares of Kforce by 391.9% in the 3rd quarter. Deprince Race & Zollo Inc. now owns 382,443 shares of the business services provider’s stock worth $11,466,000 after purchasing an additional 304,690 shares during the period. Russell Investments Group Ltd. increased its position in shares of Kforce by 337.3% during the second quarter. Russell Investments Group Ltd. now owns 79,562 shares of the business services provider’s stock worth $3,272,000 after buying an additional 61,367 shares during the period. Mirae Asset Global Investments Co. Ltd. raised its stake in Kforce by 8.1% during the second quarter. Mirae Asset Global Investments Co. Ltd. now owns 15,156 shares of the business services provider’s stock worth $623,000 after buying an additional 1,137 shares during the last quarter. Aristides Capital LLC acquired a new position in Kforce in the second quarter valued at $244,000. Finally, Access Investment Management LLC acquired a new position in Kforce in the second quarter valued at $1,523,000. 92.77% of the stock is currently owned by institutional investors and hedge funds.

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.