Paradigm Capital Management Inc. NY Invests $1.73 Million in Kforce Inc. $KFRC

Paradigm Capital Management Inc. NY purchased a new position in shares of Kforce Inc. (NASDAQ:KFRC) during the 2nd quarter, HoldingsChannel.com reports. The institutional investor purchased 36,800 shares of the business services provider’s stock, valued at approximately $1,727,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. AQR Capital Management LLC raised its holdings in Kforce by 9.7% during the first quarter. AQR Capital Management LLC now owns 22,785 shares of the business services provider’s stock worth $1,114,000 after purchasing an additional 2,017 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of Kforce by 4.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 10,841 shares of the business services provider’s stock valued at $530,000 after purchasing an additional 474 shares in the last quarter. Millennium Management LLC lifted its stake in Kforce by 3.5% in the 1st quarter. Millennium Management LLC now owns 133,829 shares of the business services provider’s stock valued at $6,543,000 after buying an additional 4,511 shares in the last quarter. Goldman Sachs Group Inc. boosted its stake in shares of Kforce by 64.9% during the first quarter. Goldman Sachs Group Inc. now owns 251,712 shares of the business services provider’s stock valued at $12,306,000 after acquiring an additional 99,050 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in shares of Kforce by 5.8% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 39,416 shares of the business services provider’s stock worth $1,927,000 after purchasing an additional 2,159 shares during the last quarter. 92.77% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

KFRC has been the topic of several analyst reports. UBS Group set a $59.00 price objective on Kforce in a report on Tuesday, July 28th. Robert W. Baird increased their price objective on shares of Kforce from $42.00 to $63.00 and gave the stock an “outperform” rating in a research report on Tuesday, July 28th. Truist Financial raised their target price on Kforce from $38.00 to $60.00 and gave the company a “hold” rating in a report on Wednesday, July 22nd. Finally, Zacks Research downgraded shares of Kforce from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 29th. Two research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, Kforce presently has a consensus rating of “Hold” and an average price target of $60.67.

Kforce Price Performance

Shares of NASDAQ KFRC opened at $57.67 on Tuesday. The firm has a market capitalization of $1.03 billion, a PE ratio of 21.52 and a beta of 0.85. The business’s fifty day moving average price is $54.42 and its two-hundred day moving average price is $41.58. Kforce Inc. has a 1-year low of $24.49 and a 1-year high of $61.68. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.06 and a quick ratio of 2.06.

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

Kforce Dividend Announcement

The firm also recently announced 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 annualized dividend and a yield of 2.8%. Kforce’s dividend payout ratio is currently 75.47%.

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.