Truist Financial Boosts Kforce (NASDAQ:KFRC) Price Target to $60.00

Kforce (NASDAQ:KFRC) had its target price lifted by analysts at Truist Financial from $38.00 to $60.00 in a report released on Wednesday,Benzinga reports. The brokerage presently has a “hold” rating on the business services provider’s stock. Truist Financial’s price objective suggests a potential upside of 6.28% from the company’s current price.

A number of other research firms have also commented on KFRC. Zacks Research lowered shares of Kforce from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 29th. Robert W. Baird increased their target price on shares of Kforce from $40.00 to $42.00 and gave the stock an “outperform” rating in a research note on Tuesday, April 28th. Finally, William Blair upgraded shares of Kforce from a “market perform” rating to an “outperform” rating in a research note on Tuesday, April 21st. Two equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $47.00.

Kforce Price Performance

KFRC stock opened at $56.45 on Wednesday. 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 company has a market capitalization of $1.01 billion, a P/E ratio of 21.06 and a beta of 0.87. The business has a 50 day simple moving average of $48.77 and a 200-day simple moving average of $37.88. Kforce has a twelve month low of $24.49 and a twelve month high of $60.70.

Kforce (NASDAQ:KFRC) last announced its earnings results on Monday, April 27th. The business services provider reported $0.46 EPS for the quarter, beating analysts’ consensus estimates of $0.40 by $0.06. Kforce had a net margin of 3.59% and a return on equity of 30.34%. The business had revenue of $330.36 million for the quarter, compared to analysts’ expectations of $329.32 million. During the same period in the previous year, the company posted $0.45 EPS. The company’s quarterly revenue was up .1% on a year-over-year basis. Kforce has set its Q2 2026 guidance at 0.670-0.750 EPS. As a group, equities analysts anticipate that Kforce will post 2.7 EPS for the current year.

Institutional Investors Weigh In On Kforce

Hedge funds have recently modified their holdings of the stock. Parallel Advisors LLC increased its stake in Kforce by 427.2% in the 4th quarter. Parallel Advisors LLC now owns 854 shares of the business services provider’s stock valued at $26,000 after buying an additional 692 shares during the period. Kestra Advisory Services LLC acquired a new stake in shares of Kforce in the 4th quarter worth $31,000. Allworth Financial LP lifted 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 worth $38,000 after acquiring an additional 843 shares during the period. EverSource Wealth Advisors LLC boosted its holdings in shares of Kforce by 44.3% in the fourth quarter. EverSource Wealth Advisors LLC now owns 1,313 shares of the business services provider’s stock valued at $41,000 after acquiring an additional 403 shares in the last quarter. Finally, GAMMA Investing LLC boosted its holdings in shares of Kforce by 29.6% in the fourth quarter. GAMMA Investing LLC now owns 1,868 shares of the business services provider’s stock valued at $58,000 after acquiring an additional 427 shares in the last quarter. 92.77% of the stock is owned by institutional investors and hedge funds.

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.