KFRC - Kforce: Sustained Demand For Technology-Based Solutions To Keep The Stock Elevated

2024-05-29 14:53:49 ET

Summary

• Kforce's long-term uptrend remains intact despite a recent decline in share price.
• The company's fundamentals, including sustained spending on technology initiatives, are solid.
• Kforce's continuous buybacks and strong ROE positively affect its valuation and shareholder returns.

Intro

We wrote about Kforce Inc. ( KFRC ) in February of this year when we were bullish on the technology segment of the professional staffing services company. It is a given that company-related technology spending will continue to increase as the information age continues to gain traction. This dynamic gives Kforce a solid foundation due to its long-term relationships with its clients, as well as its ability to charge top-dollar for its technology-related solutions....

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