Globeflex Capital L P Purchases Shares of 38,632 Kforce Inc. $KFRC

Globeflex Capital L P acquired a new stake in Kforce Inc. (NASDAQ:KFRC) during the second quarter, Holdings Channel.com reports. The fund acquired 38,632 shares of the business services provider’s stock, valued at approximately $1,813,000.

Other hedge funds have also recently made changes to their positions in the company. Allworth Financial LP bought a new stake in shares of Kforce during the second quarter worth about $33,000. Global Retirement Partners LLC bought a new position in shares of Kforce in the second quarter valued at approximately $34,000. Parallel Advisors LLC boosted its position in shares of 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 buying an additional 692 shares during the last quarter. Kestra Advisory Services LLC bought a new stake in Kforce during the fourth quarter worth $31,000. Finally, EverSource Wealth Advisors LLC grew its holdings in Kforce by 44.3% during the fourth quarter. EverSource Wealth Advisors LLC now owns 1,313 shares of the business services provider’s stock worth $41,000 after buying an additional 403 shares in the last quarter. 92.77% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

Kforce Stock Performance

Shares of KFRC opened at $57.67 on Tuesday. The firm has a market cap of $1.03 billion, a PE ratio of 21.52 and a beta of 0.85. The stock’s fifty day moving average price is $54.42 and its two-hundred day moving average price is $41.58. 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 Inc. has a 1 year low of $24.49 and a 1 year high of $61.68.

Kforce (NASDAQ:KFRC) last posted its 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. Kforce had a net margin of 3.59% and a return on equity of 30.34%. The firm had revenue of $349.33 million during the quarter, compared to the consensus estimate of $348.11 million. During the same quarter last year, the company earned $0.59 earnings per share. The company’s revenue was up 4.5% on a year-over-year basis. Kforce has set its Q3 2026 guidance at 0.710-0.790 EPS. On average, equities research analysts forecast that Kforce Inc. will post 2.7 EPS for the current year.

Kforce Dividend Announcement

The business also recently disclosed 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. 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 presently 75.47%.

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.