Advisors Asset Management Inc. Purchases 1,493 Shares of Kforce Inc. $KFRC

Advisors Asset Management Inc. boosted its position in Kforce Inc. (NASDAQ:KFRC) by 33.9% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 5,901 shares of the business services provider’s stock after acquiring an additional 1,493 shares during the period. Advisors Asset Management Inc.’s holdings in Kforce were worth $288,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in KFRC. Pacer Advisors Inc. bought a new stake in Kforce in the 1st quarter worth $5,584,000. Wellington Management Group LLP raised its holdings in shares of Kforce by 36.3% during the fourth quarter. Wellington Management Group LLP now owns 297,111 shares of the business services provider’s stock valued at $16,846,000 after acquiring an additional 79,100 shares in the last quarter. Voloridge Investment Management LLC lifted its stake in Kforce by 670.8% in the fourth quarter. Voloridge Investment Management LLC now owns 69,713 shares of the business services provider’s stock worth $3,953,000 after acquiring an additional 60,669 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in Kforce by 6.6% in the first quarter. Charles Schwab Investment Management Inc. now owns 809,007 shares of the business services provider’s stock worth $39,552,000 after acquiring an additional 50,044 shares during the period. Finally, Squarepoint Ops LLC boosted its holdings in Kforce by 912.4% in the fourth quarter. Squarepoint Ops LLC now owns 49,781 shares of the business services provider’s stock valued at $2,823,000 after acquiring an additional 44,864 shares in the last quarter. Institutional investors own 92.77% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have commented on the stock. UBS Group decreased their price objective on shares of Kforce from $45.00 to $40.00 and set a “neutral” rating for the company in a report on Wednesday, July 30th. Truist Financial reduced their price target on shares of Kforce from $50.00 to $46.00 and set a “hold” rating on the stock in a research report on Tuesday, July 29th. One equities research analyst has rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $52.33.

Kforce Stock Performance

Kforce stock opened at $31.26 on Friday. The stock’s 50 day simple moving average is $36.41 and its two-hundred day simple moving average is $41.45. The company has a debt-to-equity ratio of 0.16, a quick ratio of 2.06 and a current ratio of 2.06. The stock has a market cap of $581.33 million, a price-to-earnings ratio of 11.66 and a beta of 0.68. Kforce Inc. has a fifty-two week low of $29.33 and a fifty-two week high of $64.07.

Kforce (NASDAQ:KFRC) last posted its quarterly earnings data on Monday, July 28th. The business services provider reported $0.59 earnings per share for the quarter, missing the consensus estimate of $0.60 by ($0.01). The firm had revenue of $334.32 million for the quarter, compared to the consensus estimate of $333.78 million. Kforce had a net margin of 3.59% and a return on equity of 30.34%. The business’s revenue was down 6.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.75 earnings per share. Kforce has set its Q3 2025 guidance at 0.530-0.61 EPS. As a group, analysts expect that Kforce Inc. will post 2.7 earnings per share for the current fiscal year.

Kforce Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 26th. Investors of record on Friday, September 12th will be given a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a yield of 5.0%. The ex-dividend date of this dividend is Friday, September 12th. Kforce’s dividend payout ratio (DPR) is 65.27%.

Kforce 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.