Man Group plc Acquires New Position in Kforce Inc. $KFRC

Man Group plc purchased a new position in Kforce Inc. (NASDAQ:KFRC) in the second quarter, Holdings Channel.com reports. The firm purchased 50,594 shares of the business services provider’s stock, valued at approximately $2,374,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. AQR Capital Management LLC increased its holdings in shares of Kforce by 9.7% in 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 during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Kforce by 4.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 10,841 shares of the business services provider’s stock worth $530,000 after acquiring an additional 474 shares in the last quarter. Millennium Management LLC raised its holdings in shares of Kforce by 3.5% during the 1st quarter. Millennium Management LLC now owns 133,829 shares of the business services provider’s stock worth $6,543,000 after acquiring an additional 4,511 shares in the last quarter. Goldman Sachs Group Inc. boosted its position in shares of Kforce by 64.9% during the 1st 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 position 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 valued at $1,927,000 after acquiring an additional 2,159 shares during the last quarter. Institutional investors own 92.77% of the company’s stock.

Kforce Stock Down 5.4%

NASDAQ:KFRC opened at $54.49 on Wednesday. The company has a market cap of $975.86 million, a price-to-earnings ratio of 20.33 and a beta of 0.85. Kforce Inc. has a twelve month low of $24.49 and a twelve month high of $61.68. 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 stock has a fifty day simple moving average of $55.74 and a 200-day simple moving average of $42.53.

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

Kforce Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, September 25th. Shareholders of record on Friday, September 11th will be paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 2.9%. The ex-dividend date is Friday, September 11th. Kforce’s dividend payout ratio is currently 75.47%.

Analyst Upgrades and Downgrades

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