Kforce (NASDAQ:KFRC) Stock Price Crosses Above Two Hundred Day Moving Average – Time to Sell?

Kforce Inc. (NASDAQ:KFRC)’s stock price passed above its 200-day moving average during trading on Tuesday. The stock has a 200-day moving average of $45.14 and traded as high as $52.59. Kforce shares last traded at $52.0940, with a volume of 284,921 shares trading hands.

Analyst Ratings Changes

KFRC has been the subject of a number of recent analyst reports. UBS Group set a $59.00 target price on Kforce in a report on Tuesday, July 28th. Robert W. Baird lifted their price target on Kforce from $42.00 to $63.00 and gave the company an “outperform” rating in a report on Tuesday, July 28th. Truist Financial increased their price objective on shares of Kforce from $38.00 to $60.00 and gave the stock a “hold” rating in a research report on Wednesday, July 22nd. Finally, Zacks Research cut shares of 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 assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $60.67.

Kforce Trading Down 1.5%

The business’s 50 day moving average is $55.97 and its two-hundred day moving average is $45.31. The firm has a market capitalization of $918.12 million, a P/E ratio of 19.13 and a beta of 0.86. The company has a quick ratio of 2.06, a current ratio of 2.06 and a debt-to-equity ratio of 0.16.

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

Kforce Announces Dividend

The firm 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 $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 3.1%. The ex-dividend date of this dividend is Friday, September 11th. Kforce’s dividend payout ratio is currently 75.47%.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Paradigm Capital Management Inc. NY bought a new position in shares of Kforce during the 2nd quarter valued at $1,727,000. Deutsche Bank AG bought a new position in shares of Kforce during the 2nd quarter worth about $4,381,000. Quantinno Capital Management LP boosted its stake in Kforce by 88.6% in the 1st quarter. Quantinno Capital Management LP now owns 73,135 shares of the business services provider’s stock valued at $2,138,000 after buying an additional 34,352 shares in the last quarter. Ieq Capital LLC bought a new stake in Kforce during the second quarter worth about $1,783,000. Finally, Public Employees Retirement System of Ohio acquired a new stake in shares of Kforce in the second quarter valued at $4,336,000. 92.77% of the stock is owned by institutional investors and hedge funds.

About Kforce

Kforce Inc (NASDAQ: KFRC) is a professional staffing and workforce-solutions firm that serves organizations across the United States. The company connects businesses with skilled professionals and provides services designed to support hiring, project delivery and workforce management.

Kforce primarily operates through two practice areas: Technology and Finance & Accounting. Its technology offerings include recruiting and placement for information technology professionals, as well as project-based and consulting services.