Kforce Inc. $KFRC Shares Purchased by Federated Hermes Inc.

Federated Hermes Inc. grew its position in shares of Kforce Inc. (NASDAQ:KFRC) by 56.6% during the third quarter, HoldingsChannel reports. The institutional investor owned 43,105 shares of the business services provider’s stock after buying an additional 15,576 shares during the quarter. Federated Hermes Inc.’s holdings in Kforce were worth $1,292,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also made changes to their positions in the company. Deprince Race & Zollo Inc. boosted its holdings 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 valued at $11,466,000 after buying an additional 304,690 shares during the period. Russell Investments Group Ltd. boosted its stake in Kforce by 337.3% in the second quarter. Russell Investments Group Ltd. now owns 79,562 shares of the business services provider’s stock valued at $3,272,000 after acquiring an additional 61,367 shares during the period. Mirae Asset Global Investments Co. Ltd. boosted its stake in Kforce by 8.1% in the second quarter. Mirae Asset Global Investments Co. Ltd. now owns 15,156 shares of the business services provider’s stock valued at $623,000 after acquiring an additional 1,137 shares during the period. Aristides Capital LLC bought a new position in shares of Kforce during the second quarter valued at approximately $244,000. Finally, Access Investment Management LLC acquired a new stake in shares of Kforce during the 2nd quarter worth approximately $1,523,000. 92.77% of the stock is currently owned by institutional investors.

Kforce Price Performance

NASDAQ KFRC opened at $36.75 on Friday. Kforce Inc. has a 12 month low of $24.49 and a 12 month high of $54.37. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.06 and a quick ratio of 2.06. The firm has a market capitalization of $666.74 million, a PE ratio of 13.71 and a beta of 0.56. The company’s 50 day simple moving average is $32.37 and its 200 day simple moving average is $31.71.

Kforce (NASDAQ:KFRC) last released its earnings results on Monday, February 2nd. The business services provider reported $0.43 earnings per share for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.04). The firm had revenue of $332.02 million during the quarter, compared to analyst estimates of $328.79 million. Kforce had a return on equity of 30.34% and a net margin of 3.59%.The business’s revenue for the quarter was down 3.4% on a year-over-year basis. During the same quarter last year, the company earned $0.60 earnings per share. Kforce has set its Q1 2026 guidance at 0.370-0.450 EPS. As a group, equities research analysts forecast that Kforce Inc. will post 2.7 EPS for the current fiscal year.

Kforce Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 20th. Investors of record on Friday, March 6th will be paid a dividend of $0.40 per share. This is an increase from Kforce’s previous quarterly dividend of $0.39. This represents a $1.60 annualized dividend and a yield of 4.4%. The ex-dividend date of this dividend is Friday, March 6th. Kforce’s dividend payout ratio (DPR) is 81.22%.

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. Truist Financial boosted their price objective on Kforce from $35.00 to $38.00 and gave the company a “hold” rating in a research report on Tuesday, January 27th. UBS Group raised their target price on Kforce from $34.50 to $39.00 and gave the company a “neutral” rating in a research note on Tuesday. Finally, Zacks Research downgraded shares of Kforce from a “strong-buy” rating to a “hold” rating in a report on Wednesday, January 28th. Three investment analysts have rated the stock with a Hold rating, According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $38.50.

About Kforce

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.