Kforce Stock Hits New Low as Big Investors Buy In Ahead of Q3 Results
Kforce shares closed at $25.31 on October 31, near a 52-week low and down 60% from last year’s high. Large investors including the Teacher Retirement System of Texas and Allianz Asset Management increased stakes in Q2. Analysts expect Q3 revenue to fall 7% year-over-year, with earnings per share around $0.56–$0.59. Zacks downgraded Kforce to “Strong Sell,” and major brokerages cut price targets.
