Kforce (NASDAQ:KFRC) Rating Increased to Strong-Buy at Zacks Research

Kforce (NASDAQ:KFRC) was upgraded by analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a research note issued to investors on Wednesday,Zacks.com reports.

Other equities research analysts have also issued research reports about the stock. UBS Group increased their price objective on shares of Kforce from $34.50 to $39.00 and gave the stock a “neutral” rating in a report on Tuesday, February 3rd. William Blair raised shares of Kforce from a “market perform” rating to an “outperform” rating in a report on Tuesday, April 21st. Truist Financial increased their price objective on shares of Kforce from $35.00 to $38.00 and gave the stock a “hold” rating in a report on Tuesday, January 27th. Finally, Robert W. Baird raised their target price on shares of Kforce from $40.00 to $42.00 and gave the company an “outperform” rating in a research note on Tuesday. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $39.67.

Kforce Stock Down 3.5%

Shares of NASDAQ:KFRC opened at $45.09 on Wednesday. Kforce has a 12 month low of $24.49 and a 12 month high of $47.50. The company’s 50-day moving average price is $29.54 and its two-hundred day moving average price is $30.37. The company has a quick ratio of 2.06, a current ratio of 2.06 and a debt-to-equity ratio of 0.16. The firm has a market cap of $821.85 million, a P/E ratio of 16.82 and a beta of 0.49.

Kforce (NASDAQ:KFRC) last issued its quarterly earnings data on Monday, April 27th. The business services provider reported $0.46 EPS for the quarter, topping 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 firm had revenue of $330.36 million for the quarter, compared to analyst estimates of $329.32 million. During the same quarter in the prior year, the firm earned $0.45 EPS. The company’s 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, research analysts forecast that Kforce will post 2.7 EPS for the current fiscal year.

Institutional Investors Weigh In On Kforce

Institutional investors have recently modified their holdings of the business. Parallel Advisors LLC grew its position in shares of Kforce by 427.2% during the 4th quarter. Parallel Advisors LLC now owns 854 shares of the business services provider’s stock worth $26,000 after buying an additional 692 shares during the period. EverSource Wealth Advisors LLC grew its position in shares of Kforce by 117.7% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 910 shares of the business services provider’s stock worth $27,000 after buying an additional 492 shares during the period. State of Alaska Department of Revenue acquired a new stake in shares of Kforce during the 3rd quarter worth approximately $29,000. Kestra Advisory Services LLC acquired a new stake in shares of Kforce during the 4th quarter worth approximately $31,000. Finally, Allworth Financial LP grew its position in shares of Kforce by 212.3% during the 4th quarter. Allworth Financial LP now owns 1,240 shares of the business services provider’s stock worth $38,000 after buying an additional 843 shares during the period. Institutional investors and hedge funds own 92.77% of the company’s stock.

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.