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KFRC Kforce

Kforce, Inc. engages in the provision of professional and technical staffing services and solutions. It operates through the following segments: Technology and Finance and Accounting. The Technology segment focuses on the areas of information technology (IT) such as system architecture and development, project management, enterprise data management, business intelligence, artificial intelligence, machine learning, network architecture, and security. The Finance and Accounting segment offers services in relation with general accounting, business analysis, accounts payable, accounts receivable, financial analysis and reporting, taxation, budget preparation and analysis, mortgage and loan processing, cost analysis, professional administration, outsourced functional support, credit and collections, audit services, and systems and controls analysis and documentation. The company was founded in 1962 and is headquartered in Tampa, FL.

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
IRS number
593264661

KFRC stock data

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Calendar

26 Feb 21
18 Apr 21
31 Dec 21
Quarter (USD)
Dec 20 Sep 20 Jun 20 Mar 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD)
Dec 20 Dec 19 Dec 18 Dec 17
Revenue
Cost of revenue
Operating income
Operating margin
Net income
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Diluted EPS

Financial data from Kforce earnings reports.

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
14 Apr 21 Dunkel David L Common Stock Sell Dispose S Yes Yes 56 50,000 2.8M 570,588
12 Apr 21 Dunkel David L Common Stock Sell Dispose S No Yes 55.51 23,300 1.29M 12,399
9 Apr 21 Dunkel David L Common Stock Sell Dispose S No Yes 55.5 1,700 94.35K 35,699
8 Apr 21 Dunkel David L Common Stock Sell Dispose S No Yes 55 22,400 1.23M 37,399
7 Apr 21 Dunkel David L Common Stock Sell Dispose S No Yes 54.6 13,130 716.9K 59,799
6 Apr 21 Dunkel David L Common Stock Sell Dispose S No Yes 54.5 7,809 425.59K 72,929

Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.

81.4% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 160 159 +0.6%
Opened positions 17 24 -29.2%
Closed positions 16 13 +23.1%
Increased positions 49 45 +8.9%
Reduced positions 73 78 -6.4%
13F shares
Current Prev Q Change
Total value 756.4M 556.13M +36.0%
Total shares 17.97M 17.28M +4.0%
Total puts 0 90.9K EXIT
Total calls 126.1K 120.5K +4.6%
Total put/call ratio 0.8
Largest owners
Shares Value Change
BLK Blackrock 2.14M $90.05M +5.3%
Vanguard 2.05M $86.25M +0.6%
FMR 1.55M $65.23M +53.8%
BEN Franklin Resources 978.83K $41.2M +44.2%
Dimensional Fund Advisors 977.69K $41.15M -7.5%
Acadian Asset Management 565.11K $23.79M +7.0%
LSV Asset Management 451.79K $19.02M -2.4%
STT State Street 437.76K $18.43M +2.4%
AMP Ameriprise Financial 417.87K $17.59M -8.7%
Nuveen Asset Management 414.55K $17.45M +18.8%
Largest transactions
Shares Bought/sold Change
FMR 1.55M +542.41K +53.8%
FIL 406.12K +406.12K NEW
BEN Franklin Resources 978.83K +300.08K +44.2%
Millennium Management 0 -187.96K EXIT
Assenagon Asset Management 37.04K -148.97K -80.1%
MS Morgan Stanley 165.45K +142.33K +615.8%
HighTower Advisors 138.54K +138.54K NEW
Renaissance Technologies 8.05K -128.6K -94.1%
BLK Blackrock 2.14M +108.23K +5.3%
Canada Pension Plan Investment Board 87K +87K NEW

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.
  • Our failure to keep pace with technological change in our industry could potentially place us at a competitive disadvantage.
  • 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 depends on the proper functioning of its information systems.
  • Kforce’s current market share may decrease as a result of limited barriers to entry for new competitors and discontinuation of clients outsourcing their staffing needs.
  • 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 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 the staffing business and of the workplace.
  • Provisions in Kforce’s articles and bylaws and Florida law may have certain anti-takeover effects.
  • New business initiatives and strategic changes may divert management’s attention from normal business operations, which could have an adverse effect on our performance.
  • Kforce’s stock price may be volatile.
Management Discussion
  • ITEM 7.     MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS.
  • This MD&A should be read in conjunction with our consolidated financial statements and the accompanying notes thereto contained in Item 8. Financial Statements and Supplementary Data of this report, as well as Item 1. Business of this report, for an overview of our operations and business environment.
  • •Revenue for the year ended December 31, 2020 increased 3.3%, on a billing day basis, to $1.40 billion in 2020 from $1.35 billion in 2019. Revenue decreased 0.8% for Tech and increased 20.2% for FA.
Content analysis
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