Fifth Third Bancorp Invests $341,000 in Kforce Inc. $KFRC

Fifth Third Bancorp purchased a new position in Kforce Inc. (NASDAQ:KFRC) in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 11,655 shares of the business services provider’s stock, valued at approximately $341,000.

Other hedge funds also recently bought and sold shares of the company. Jacobs Levy Equity Management Inc. grew its position in Kforce by 144.5% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 411,706 shares of the business services provider’s stock valued at $12,343,000 after purchasing an additional 243,303 shares during the last quarter. Russell Investments Group Ltd. increased its position in shares of Kforce by 258.2% during the third quarter. Russell Investments Group Ltd. now owns 285,019 shares of the business services provider’s stock valued at $8,545,000 after acquiring an additional 205,457 shares in the last quarter. AQR Capital Management LLC raised its holdings in Kforce by 81.3% in the 4th quarter. AQR Capital Management LLC now owns 442,523 shares of the business services provider’s stock worth $13,683,000 after acquiring an additional 198,447 shares during the last quarter. Goldman Sachs Group Inc. lifted its position in Kforce by 90.5% in the 4th quarter. Goldman Sachs Group Inc. now owns 310,403 shares of the business services provider’s stock valued at $9,598,000 after acquiring an additional 147,503 shares in the last quarter. Finally, Hotchkis & Wiley Capital Management LLC increased its holdings in shares of Kforce by 49.6% in the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 409,575 shares of the business services provider’s stock worth $12,279,000 after purchasing an additional 135,804 shares in the last quarter. Institutional investors own 92.77% of the company’s stock.

Kforce Stock Performance

Shares of NASDAQ KFRC opened at $56.55 on Friday. Kforce Inc. has a 12-month low of $24.49 and a 12-month high of $61.68. The firm has a market capitalization of $1.01 billion, a price-to-earnings ratio of 21.10 and a beta of 0.87. 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 firm has a 50 day moving average of $50.77 and a 200 day moving average of $38.87.

Kforce (NASDAQ:KFRC) last released its earnings results on Monday, July 27th. The business services provider reported $0.73 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.70 by $0.03. Kforce had a net margin of 3.59% and a return on equity of 30.34%. The company had revenue of $349.33 million during the quarter, compared to analyst estimates of $348.11 million. During the same period in the prior year, the firm posted $0.59 EPS. The firm’s quarterly revenue was up 4.5% compared to the same quarter last year. Kforce has set its Q3 2026 guidance at 0.710-0.790 EPS. On average, research analysts anticipate that Kforce Inc. will post 2.7 earnings per share for the current year.

Kforce Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, September 25th. Investors of record on Friday, September 11th will be paid a dividend of $0.40 per share. The ex-dividend date of this dividend is Friday, September 11th. This represents a $1.60 dividend on an annualized basis and a yield of 2.8%. Kforce’s dividend payout ratio is presently 75.47%.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the company. Truist Financial upped their price target on Kforce from $38.00 to $60.00 and gave the company a “hold” rating in a report on Wednesday, July 22nd. William Blair raised Kforce from a “market perform” rating to an “outperform” rating in a research report on Tuesday, April 21st. Robert W. Baird boosted their target price on Kforce from $42.00 to $63.00 and gave the stock an “outperform” rating in a research report on Tuesday. Zacks Research downgraded shares of Kforce from a “strong-buy” rating to a “hold” rating in a report on Monday, June 29th. Finally, UBS Group set a $59.00 price target on shares of Kforce in a report on Tuesday. Two analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $60.67.

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.