Hsbc Holdings PLC Buys 22,093 Shares of Kforce Inc. $KFRC

Hsbc Holdings PLC raised its position in Kforce Inc. (NASDAQ:KFRC) by 134.2% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 38,552 shares of the business services provider’s stock after purchasing an additional 22,093 shares during the period. Hsbc Holdings PLC owned 0.21% of Kforce worth $1,201,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of KFRC. Invesco Ltd. boosted its position in shares of Kforce by 20.1% during the 4th quarter. Invesco Ltd. now owns 39,381 shares of the business services provider’s stock valued at $1,218,000 after purchasing an additional 6,596 shares in the last quarter. Mercer Global Advisors Inc. ADV grew its holdings in Kforce by 97.1% in the fourth quarter. Mercer Global Advisors Inc. ADV now owns 13,650 shares of the business services provider’s stock worth $422,000 after purchasing an additional 6,724 shares during the period. Vident Advisory LLC increased its position in Kforce by 2.8% in the 4th quarter. Vident Advisory LLC now owns 19,724 shares of the business services provider’s stock valued at $610,000 after buying an additional 544 shares in the last quarter. EP Wealth Advisors LLC bought a new stake in shares of Kforce during the fourth quarter valued at approximately $269,000. Finally, XTX Topco Ltd bought a new stake in Kforce during the 4th quarter valued at $679,000. 92.77% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. William Blair raised shares of Kforce from a “market perform” rating to an “outperform” rating in a research note on Tuesday, April 21st. Robert W. Baird boosted their target price on shares of Kforce from $40.00 to $42.00 and gave the stock an “outperform” rating in a research report on Tuesday, April 28th. Finally, Zacks Research lowered shares of Kforce from a “strong-buy” rating to a “hold” rating in a report on Monday. Two research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $39.67.

Kforce Price Performance

KFRC opened at $50.47 on Thursday. 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 company has a market capitalization of $899.98 million, a price-to-earnings ratio of 18.83 and a beta of 0.87. The firm’s fifty day moving average price is $43.87 and its two-hundred day moving average price is $35.18. Kforce Inc. has a 1 year low of $24.49 and a 1 year high of $51.00.

Kforce (NASDAQ:KFRC) last announced its earnings results on Monday, April 27th. The business services provider reported $0.46 EPS for the quarter, beating the consensus estimate of $0.40 by $0.06. The company had revenue of $330.36 million during the quarter, compared to the consensus estimate of $329.32 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 up .1% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.45 earnings per share. Kforce has set its Q2 2026 guidance at 0.670-0.750 EPS. As a group, analysts anticipate that Kforce Inc. will post 2.7 earnings per share for the current fiscal year.

Kforce Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 26th. Shareholders of record on Friday, June 12th were given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 3.2%. The ex-dividend date of this dividend was Friday, June 12th. Kforce’s dividend payout ratio is presently 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.