Kforce Inc. (NASDAQ:KFRC) Given Average Recommendation of “Hold” by Analysts

Kforce Inc. (NASDAQ:KFRC) has earned a consensus rating of “Hold” from the four research firms that are presently covering the stock, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $68.33.

KFRC has been the topic of several recent analyst reports. StockNews.com lowered shares of Kforce from a “buy” rating to a “hold” rating in a report on Tuesday, February 6th. Truist Financial boosted their target price on shares of Kforce from $57.00 to $70.00 and gave the company a “hold” rating in a report on Thursday, January 25th. Finally, Robert W. Baird boosted their target price on shares of Kforce from $62.00 to $72.00 and gave the company an “outperform” rating in a report on Tuesday, February 6th.

Kforce Price Performance

Shares of NASDAQ:KFRC opened at $64.13 on Friday. The firm has a market cap of $1.25 billion, a PE ratio of 20.49 and a beta of 0.85. The firm’s fifty day moving average is $68.19 and its 200-day moving average is $66.36. The company has a debt-to-equity ratio of 0.26, a quick ratio of 2.37 and a current ratio of 2.37. Kforce has a 52 week low of $50.89 and a 52 week high of $74.79.

Kforce (NASDAQ:KFRC) last issued its quarterly earnings results on Monday, February 5th. The business services provider reported $0.82 EPS for the quarter, topping analysts’ consensus estimates of $0.79 by $0.03. The company had revenue of $363.45 million for the quarter, compared to analyst estimates of $363.29 million. Kforce had a net margin of 3.99% and a return on equity of 38.24%. Kforce’s revenue was down 13.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.93 earnings per share. Sell-side analysts predict that Kforce will post 3.02 earnings per share for the current year.

Kforce Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, March 15th were issued a dividend of $0.38 per share. The ex-dividend date was Thursday, March 14th. This represents a $1.52 annualized dividend and a dividend yield of 2.37%. This is a positive change from Kforce’s previous quarterly dividend of $0.36. Kforce’s dividend payout ratio is currently 48.56%.

Hedge Funds Weigh In On Kforce

Several institutional investors have recently made changes to their positions in the stock. Franklin Resources Inc. raised its holdings in shares of Kforce by 4.2% during the fourth quarter. Franklin Resources Inc. now owns 999,557 shares of the business services provider’s stock valued at $67,530,000 after purchasing an additional 40,527 shares during the period. Vaughan Nelson Investment Management L.P. raised its holdings in shares of Kforce by 14.6% during the first quarter. Vaughan Nelson Investment Management L.P. now owns 732,868 shares of the business services provider’s stock valued at $51,682,000 after purchasing an additional 93,180 shares during the period. Charles Schwab Investment Management Inc. increased its position in shares of Kforce by 0.6% during the third quarter. Charles Schwab Investment Management Inc. now owns 608,404 shares of the business services provider’s stock worth $36,297,000 after acquiring an additional 3,689 shares in the last quarter. Copeland Capital Management LLC increased its position in shares of Kforce by 121.6% during the third quarter. Copeland Capital Management LLC now owns 532,947 shares of the business services provider’s stock worth $31,796,000 after acquiring an additional 292,403 shares in the last quarter. Finally, Wells Fargo & Company MN increased its position in shares of Kforce by 0.9% during the fourth quarter. Wells Fargo & Company MN now owns 291,159 shares of the business services provider’s stock worth $19,671,000 after acquiring an additional 2,628 shares in the last quarter. Institutional investors and hedge funds own 92.77% of the company’s stock.

Kforce Company Profile

Kforce Inc provides professional staffing services and solutions in the United States. It operates through two segments, Technology, and Finance and Accounting (FA). The Technology segment provides talent solutions to its clients primarily in the areas of information technology, such as systems/applications architecture and development, data management and analytics, business and artificial intelligence, machine learning, project and program management, and network architecture and security.