Deutsche Bank AG Invests $4.38 Million in Kforce Inc. $KFRC

Deutsche Bank AG bought a new position in Kforce Inc. (NASDAQ:KFRC) during the 2nd quarter, Holdings Channel reports. The fund bought 93,382 shares of the business services provider’s stock, valued at approximately $4,381,000.

A number of other hedge funds also recently bought and sold shares of KFRC. Global Retirement Partners LLC purchased a new stake in Kforce in the 2nd quarter worth approximately $34,000. Parallel Advisors LLC grew its position in shares of Kforce by 427.2% in 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 last quarter. Kestra Advisory Services LLC purchased a new position in shares of Kforce during the fourth quarter valued at approximately $31,000. Allworth Financial LP increased its stake in shares of Kforce by 212.3% during the fourth quarter. Allworth Financial LP now owns 1,240 shares of the business services provider’s stock valued at $38,000 after buying an additional 843 shares during the period. Finally, EverSource Wealth Advisors LLC raised its holdings in shares of Kforce by 44.3% during the fourth quarter. EverSource Wealth Advisors LLC now owns 1,313 shares of the business services provider’s stock valued at $41,000 after acquiring an additional 403 shares in the last quarter. Hedge funds and other institutional investors own 92.77% of the company’s stock.

Kforce Stock Down 0.1%

Shares of NASDAQ:KFRC opened at $57.60 on Wednesday. The company has a debt-to-equity ratio of 0.16, a quick ratio of 2.06 and a current ratio of 2.06. Kforce Inc. has a 52-week low of $24.49 and a 52-week high of $61.68. The firm has a market capitalization of $1.03 billion, a P/E ratio of 21.49 and a beta of 0.85. The stock has a 50 day moving average price of $54.61 and a 200-day moving average price of $41.73.

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

Kforce Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on KFRC shares. Robert W. Baird lifted their price target on shares of Kforce from $42.00 to $63.00 and gave the company an “outperform” rating in a report on Tuesday, July 28th. Zacks Research cut shares of Kforce from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 29th. Truist Financial lifted their target price on shares of Kforce from $38.00 to $60.00 and gave the company a “hold” rating in a research note on Wednesday, July 22nd. Finally, UBS Group set a $59.00 price target on shares of Kforce in a research report on Tuesday, July 28th. Two analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $60.67.

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.