New York State Common Retirement Fund Increases Holdings in Kforce Inc. $KFRC

New York State Common Retirement Fund lifted its holdings in Kforce Inc. (NASDAQ:KFRC) by 297.5% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 63,194 shares of the business services provider’s stock after acquiring an additional 47,298 shares during the period. New York State Common Retirement Fund’s holdings in Kforce were worth $1,895,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the stock. Federated Hermes Inc. raised its position in Kforce by 56.6% during the third quarter. Federated Hermes Inc. now owns 43,105 shares of the business services provider’s stock valued at $1,292,000 after purchasing an additional 15,576 shares during the period. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of Kforce by 65.3% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 7,872 shares of the business services provider’s stock worth $230,000 after purchasing an additional 3,109 shares during the period. Meeder Asset Management Inc. bought a new position in shares of Kforce during the 3rd quarter valued at approximately $322,000. State of Alaska Department of Revenue purchased a new stake in Kforce during the 3rd quarter valued at $29,000. Finally, Tributary Capital Management LLC raised its holdings in Kforce by 93.0% during the 3rd quarter. Tributary Capital Management LLC now owns 827,046 shares of the business services provider’s stock valued at $24,795,000 after buying an additional 398,471 shares during the period. 92.77% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

KFRC has been the subject of several recent analyst reports. UBS Group lifted their price objective on shares of Kforce from $34.50 to $39.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 3rd. Zacks Research cut shares of Kforce from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, January 28th. Finally, Truist Financial upped their price target on shares of Kforce from $35.00 to $38.00 and gave the company a “hold” rating in a report on Tuesday, January 27th. Three research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $38.50.

Kforce Stock Performance

KFRC stock opened at $36.08 on Monday. Kforce Inc. has a twelve month low of $24.49 and a twelve month high of $52.57. The firm has a market cap of $654.58 million, a price-to-earnings ratio of 13.46 and a beta of 0.56. The business’s fifty day simple moving average is $32.51 and its two-hundred day simple moving average is $31.48. 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 issued its earnings results on Monday, February 2nd. The business services provider reported $0.43 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.04). The company had revenue of $332.02 million for the quarter, compared to analysts’ expectations of $328.79 million. Kforce had a net margin of 3.59% and a return on equity of 30.34%. The firm’s revenue for the quarter was down 3.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.60 earnings per share. Kforce has set its Q1 2026 guidance at 0.370-0.450 EPS. Analysts predict that Kforce Inc. will post 2.7 earnings per share for the current year.

Kforce Increases Dividend

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

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.