Hsbc Holdings PLC Increases Holdings in Kforce Inc. $KFRC

Hsbc Holdings PLC boosted its stake in shares of Kforce Inc. (NASDAQ:KFRC) by 134.2% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 38,552 shares of the business services provider’s stock after purchasing an additional 22,093 shares during the period. Hsbc Holdings PLC’s holdings in Kforce were worth $1,201,000 as of its most recent filing with the SEC.

A number of other large investors have also added to or reduced their stakes in the stock. Parallel Advisors LLC grew its holdings in Kforce by 427.2% during the fourth quarter. Parallel Advisors LLC now owns 854 shares of the business services provider’s stock valued at $26,000 after purchasing an additional 692 shares during the period. EverSource Wealth Advisors LLC lifted 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 valued at $27,000 after buying an additional 492 shares during the last quarter. Kestra Advisory Services LLC bought a new position in shares of Kforce during the 4th quarter worth $31,000. Allworth Financial LP grew its stake 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 acquiring an additional 843 shares during the period. Finally, GAMMA Investing LLC increased its holdings in Kforce by 29.6% in the 4th quarter. GAMMA Investing LLC now owns 1,868 shares of the business services provider’s stock worth $58,000 after acquiring an additional 427 shares during the last quarter. Hedge funds and other institutional investors own 92.77% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the company. Zacks Research cut Kforce from a “strong-buy” rating to a “hold” rating in a research note on Monday. William Blair upgraded shares of Kforce from a “market perform” rating to an “outperform” rating in a research report on Tuesday, April 21st. Finally, Robert W. Baird lifted 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. Two investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $39.67.

Kforce Price Performance

Shares of NASDAQ KFRC opened at $50.47 on Thursday. The stock has a market cap of $899.98 million, a PE ratio of 18.83 and a beta of 0.87. Kforce Inc. has a fifty-two week low of $24.49 and a fifty-two week high of $51.00. The company has a debt-to-equity ratio of 0.16, a quick ratio of 2.06 and a current ratio of 2.06. The stock has a fifty day moving average of $43.87 and a 200-day moving average of $35.18.

Kforce (NASDAQ:KFRC) last released its quarterly earnings data on Monday, April 27th. The business services provider reported $0.46 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.40 by $0.06. Kforce had a return on equity of 30.34% and a net margin of 3.59%.The company had revenue of $330.36 million for the quarter, compared to analyst estimates of $329.32 million. During the same period in the previous year, the company posted $0.45 EPS. The firm’s revenue for the quarter was up .1% compared to the same quarter last year. Kforce has set its Q2 2026 guidance at 0.670-0.750 EPS. Equities 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 was paid on Friday, June 26th. Stockholders of record on Friday, June 12th were issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend 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.