Kforce (NASDAQ:KFRC) Share Price Crosses Above Two Hundred Day Moving Average – Here’s What Happened

Kforce Inc. (NASDAQ:KFRC) shares passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $33.03 and traded as high as $48.58. Kforce shares last traded at $47.9340, with a volume of 150,355 shares changing hands.

Analyst Ratings Changes

KFRC has been the topic of a number of recent research reports. Robert W. Baird lifted their price objective on shares of Kforce from $40.00 to $42.00 and gave the company an “outperform” rating in a report on Tuesday, April 28th. Zacks Research upgraded shares of Kforce from a “hold” rating to a “strong-buy” rating in a report on Wednesday, April 29th. Finally, William Blair upgraded shares of Kforce from a “market perform” rating to an “outperform” rating in a report on Tuesday, April 21st. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $39.67.

Kforce Price Performance

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’s 50-day simple moving average is $37.81 and its 200-day simple moving average is $33.03. The stock has a market capitalization of $854.76 million, a P/E ratio of 17.89 and a beta of 0.87.

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

Kforce Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 26th. Shareholders of record on Friday, June 12th will be issued a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 3.3%. The ex-dividend date is Friday, June 12th. Kforce’s payout ratio is currently 80.81%.

Hedge Funds Weigh In On Kforce

Institutional investors and hedge funds have recently modified their holdings of the stock. New York State Common Retirement Fund lifted its position in Kforce by 297.5% during the third quarter. New York State Common Retirement Fund now owns 63,194 shares of the business services provider’s stock worth $1,895,000 after purchasing an additional 47,298 shares during the period. New South Capital Management Inc. lifted its position in Kforce by 18.1% during the third quarter. New South Capital Management Inc. now owns 709,550 shares of the business services provider’s stock worth $21,272,000 after purchasing an additional 108,507 shares during the period. Deprince Race & Zollo Inc. lifted its position in Kforce by 30.7% during the fourth quarter. Deprince Race & Zollo Inc. now owns 499,733 shares of the business services provider’s stock worth $15,452,000 after purchasing an additional 117,290 shares during the period. Allianz Asset Management GmbH lifted its position in Kforce by 183.6% during the third quarter. Allianz Asset Management GmbH now owns 38,045 shares of the business services provider’s stock worth $1,141,000 after purchasing an additional 24,631 shares during the period. Finally, CWM LLC lifted its position in Kforce by 105.2% during the fourth quarter. CWM LLC now owns 20,996 shares of the business services provider’s stock worth $649,000 after purchasing an additional 10,764 shares during the period. 92.77% of the stock is currently 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.