Kforce (NASDAQ:KFRC) Stock Breaks Above 200-Day Moving Average – Should You Sell?

by · The Markets Daily

Kforce Inc. (NASDAQ:KFRC – Get Free Report) shares crossed above its two hundred day moving average during trading on Tuesday. The stock has a two hundred day moving average of $47.79 and traded as high as $51.64. Kforce shares last traded at $51.17, with a volume of 152,656 shares.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the stock. Truist Financial lifted their price target 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. Robert W. Baird upped their price objective on Kforce from $42.00 to $63.00 and gave the company an “outperform” rating in a research note on Tuesday, July 28th. UBS Group set a $59.00 target price on shares of Kforce in a report on Tuesday, July 28th. Finally, Zacks Research lowered Kforce from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 29th. Two research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $60.67.

Check Out Our Latest Stock Analysis on Kforce

Kforce Stock Up 0.8%

The stock has a market cap of $925.81 million, a price-to-earnings ratio of 19.29 and a beta of 0.90. The firm has a 50 day simple moving average of $54.22 and a two-hundred day simple moving average of $47.95. 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 – Get Free Report) last issued its quarterly earnings data on Monday, July 27th. The business services provider reported $0.73 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 analysts’ expectations of $348.11 million. During the same quarter in the previous year, the company earned $0.59 earnings per share. The business’s revenue for the quarter was up 4.5% on a year-over-year basis. Kforce has set its Q3 2026 guidance at 0.710-0.790 EPS. As a group, sell-side analysts expect that Kforce Inc. will post 2.70 EPS for the current year.

Kforce Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 25th. Stockholders of record on Friday, September 11th were issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 3.1%. The ex-dividend date was Friday, September 11th. Kforce’s payout ratio is 75.47%.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the company. Argent Capital Management LLC bought a new position in Kforce in the third quarter valued at approximately $689,000. Integrated Wealth Concepts LLC acquired a new position in shares of Kforce during the 2nd quarter worth approximately $142,000. Baird Financial Group Inc. bought a new position in shares of Kforce during the second quarter worth approximately $278,000. Arizona State Retirement System bought a new position in Kforce during the 2nd quarter worth $218,000. Finally, Corient Private Wealth LP acquired a new stake in Kforce in the 2nd quarter worth about $314,000. 92.77% of the stock is currently owned by institutional investors.

About Kforce

(Get Free Report)

Kforce Inc is a professional staffing and solutions firm headquartered in Tampa, Florida. The company helps organizations address workforce needs by providing qualified professionals, consulting services and project-based solutions, with a focus on technology and finance and accounting.

Through its Technology segment, Kforce provides talent and services in areas such as software development, data management, cloud computing, cybersecurity and information technology infrastructure. Its Finance and Accounting segment supplies professionals for functions including accounting, financial analysis, audit, tax, compliance and corporate finance.

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