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Kforce (KFRC)

Kforce Inc. is a domestic professional staffing services and solutions firm that specializes in the areas of Technology and Finance and Accounting. Each year, through its network of field offices located throughout the U.S. and two national delivery centers, Kforce provides opportunities for over 30,000 highly skilled professionals who work with over 3,000 clients, including a significant majority of the Fortune 500. Kforce promises to deliver great results through strategic partnership and knowledge sharing.

Company profile

Ticker
KFRC
Exchange
Website
CEO
David Dunkel
Employees
Incorporated
Location
Fiscal year end
Former names
KFORCE INC, KFORCE COM INC, ROMAC INTERNATIONAL INC
SEC CIK
Subsidiaries
Romac International, Inc. • Kforce Flexible Solutions, LLC • Kforce Staffing Solutions of California, LLC • Kforce Global Solutions, LLC • Kforce Services Corp. ...
IRS number
593264661

KFRC stock data

Analyst ratings and price targets

Last 3 months

Calendar

3 Aug 22
12 Aug 22
31 Dec 22
Quarter (USD) Jun 22 Mar 22 Dec 21 Sep 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD) Dec 21 Dec 20 Dec 19 Dec 18
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Cash burn rate (est.) Burn method: Change in cash Burn method: Operating income Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 29.97M 29.97M 29.97M 29.97M 29.97M 29.97M
Cash burn (monthly) 28.88M 7.28M (no burn) (no burn) (no burn) (no burn)
Cash used (since last report) 42.05M 10.59M n/a n/a n/a n/a
Cash remaining -12.08M 19.38M n/a n/a n/a n/a
Runway (months of cash) -0.4 2.7 n/a n/a n/a n/a

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
10 Jun 22 Rosen Elaine RSU Common Stock Other Acquire J No No 0 115 0 25,561
10 Jun 22 Derrick Dewan Brooks RSU Restricted Stock Units Other Acquire J No No 0 8 0 1,792
10 Jun 22 Liberatore Joseph J Common Stock Other Acquire J No No 0 733 0 164,899
10 Jun 22 Kelly David M Common Stock Other Acquire J No No 0 349 0 96,756
10 Jun 22 Thomas Andrew G Common Stock Other Acquire J No No 0 179 0 105,664
86.5% owned by funds/institutions
13F holders Current Prev Q Change
Total holders 202 202
Opened positions 19 30 -36.7%
Closed positions 19 16 +18.8%
Increased positions 64 51 +25.5%
Reduced positions 94 96 -2.1%
13F shares Current Prev Q Change
Total value 1.81B 1.44B +25.4%
Total shares 18.31M 18.23M +0.4%
Total puts 91.1K 15K +507.3%
Total calls 0 18.4K EXIT
Total put/call ratio Infinity 0.8 +Infinity%
Largest owners Shares Value Change
FMR 2.42M $178.68M +19.6%
BLK Blackrock 2.14M $158.4M -1.8%
Vanguard 2.13M $157.25M +2.1%
FIL 854.87K $63.23M +0.8%
Dimensional Fund Advisors 819.92K $60.65M +1.5%
Acadian Asset Management 616.55K $45.59M -4.9%
New South Capital Management 550.43K $40.72M -2.4%
Lord, Abbett & Co. 525.29K $38.86M +113.7%
STT State Street 466.05K $34.47M +2.6%
Nuveen Asset Management 400.86K $29.21M +2.6%
Largest transactions Shares Bought/sold Change
FMR 2.42M +395.58K +19.6%
Lord, Abbett & Co. 525.29K +279.46K +113.7%
Lazard Asset Management 144.57K +134.57K +1345.6%
Victory Capital Management 17.04K -124.17K -87.9%
Arrowstreet Capital, Limited Partnership 109.42K -85.29K -43.8%
First Trust Advisors 19.69K -59.32K -75.1%
Millennium Management 48.19K -58.2K -54.7%
Mondrian Investment Partners 489 -52.49K -99.1%
Assenagon Asset Management 49.51K -52.06K -51.3%
LSV Asset Management 182.59K -49.86K -21.5%

Financial report summary

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Competition
ManpowerGroup
Risks
  • The COVID-19 economic and health crisis may have a material adverse effect on our business and financial results.
  • Kforce may not be able to recruit and retain qualified consultants and candidates.
  • Kforce faces significant employment-related legal risk.
  • Declines in business or a loss of our major client accounts could have a material adverse effect on our revenues and financial results.
  • Kforce may be exposed to unforeseeable negative acts by our personnel that could have a material adverse effect on our business.
  • Kforce’s success depends upon retaining the services of its management team and key operating employees.
  • Kforce’s current market share may decrease as a result of limited barriers to entry for new competitors and discontinuation of clients looking to outside providers to support their talent needs.
  • Impairment charges related to our joint venture investment could materially and adversely affect Kforce, including our results of operations in the period for which the charge occurs.
  • Our failure to keep pace with technological change in our industry could potentially place us at a competitive disadvantage.
  • Kforce depends on the proper functioning of its information systems.
  • Kforce may be adversely affected by immigration restrictions and reform.
  • Reclassification of our independent contractors by tax or regulatory authorities could have a material adverse effect on our business model and/or could require us to pay significant retroactive wages, taxes and penalties.
  • Significant increases in wages or payroll-related costs could have a material adverse effect on our financial results.
  • Adverse results in tax audits or interpretations of tax laws could have an adverse impact on our business.
  • Kforce maintains debt that exposes us to interest rate risk and contains restrictive covenants that could trigger prepayment of obligations or additional costs.
  • The U.S. professional staffing and solutions industry in which we operate is significantly affected by fluctuations in general economic and employment conditions.
  • Kforce may be adversely affected by government regulation of our business and of the workplace.
  • Provisions in Kforce’s articles and bylaws and Florida law may have certain anti-takeover effects.
  • Significant loss or suspension of our facility security clearances with the federal government could lead to a reduction in our revenues, cash flows and operating results.
  • New business initiatives and strategic changes may divert management’s attention from normal business operations, which could have an adverse effect on our performance.
  • Failure to maintain adequate financial and management processes and controls could lead to errors in our financial reporting.
  • Kforce’s stock price may be volatile.
Management Discussion
  • Kforce is a leading domestic provider of technology and finance and accounting talent solutions to innovative and industry-leading clients. Our Technology and FA businesses represent our two operating segments. Our corporate headquarters is in Tampa, Florida. As of June 30, 2022, Kforce employed approximately 2,100 associates, including approximately 1,400 supporting the revenue-generating aspects of our business and approximately 700 supporting the revenue-enabling aspects. We also had approximately 10,300 consultants on assignment providing flexible staffing services and solutions to our clients. Kforce serves clients across many industries and geographies as well as organizations of all sizes, with a particular focus on Fortune 1000 and other large companies. We believe that our 100% domestic U.S. focus, concentration on technology talent solutions (representing nearly 88% of overall revenues) and client portfolio comprised of world-class companies have been key contributors to our continued strong performance and will be key drivers to our future success.

Content analysis

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Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
8th grade Avg
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Removed: consistent, consumer, continuation, counterparty, discussed, FASB, field, focusing, guidance, hedged, hierarchy, implementing, infrastructure, located, recurring, support, upgrading