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
Industry (SIC)
Former names
KFORCE INC, KFORCE COM INC, ROMAC INTERNATIONAL INC
SEC CIK
Corporate docs
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
Latest filings (excl ownership)
10-Q
2023 Q1
Quarterly report
9 May 23
8-K
Kforce Reports First Quarter 2023 Revenue of $406.0 Million
8 May 23
S-8
Registration of securities for employees
5 May 23
8-K
Submission of Matters to a Vote of Security Holders
24 Apr 23
ARS
2022 FY
Annual report to shareholders
29 Mar 23
DEFA14A
Additional proxy soliciting materials
21 Mar 23
8-K
Other Events
16 Mar 23
DEF 14A
Definitive proxy
13 Mar 23
10-K
2022 FY
Annual report
24 Feb 23
8-K
Kforce Reports Fourth Quarter 2022 Revenue of $419.7 Million, Up 2.3% Year-over-year
6 Feb 23
Transcripts
KFRC
Earnings call transcript
2023 Q1
8 May 23
KFRC
Earnings call transcript
2022 Q4
6 Feb 23
KFRC
Earnings call transcript
2022 Q3
1 Nov 22
KFRC
Earnings call transcript
2022 Q2
2 Aug 22
KFRC
Earnings call transcript
2022 Q1
3 May 22
KFRC
Earnings call transcript
2021 Q4
8 Feb 22
KFRC
Earnings call transcript
2021 Q3
1 Nov 21
KFRC
Earnings call transcript
2021 Q2
4 Aug 21
KFRC
Earnings call transcript
2021 Q1
4 May 21
KFRC
Earnings call transcript
2020 Q4
9 Feb 21
Latest ownership filings
4
DAVID M KELLY
22 May 23
144
Notice of proposed sale of securities
18 May 23
4
DAVID M KELLY
17 May 23
4
Jeffrey B. Hackman
17 May 23
144
Notice of proposed sale of securities
15 May 23
SC 13G
KAYNE ANDERSON RUDNICK INVESTMENT MANAGEMENT LLC
10 May 23
4
N JOHN SIMMONS
9 May 23
4
ELAINE ROSEN
9 May 23
4
Randall Mehl
9 May 23
4
MARK F FURLONG
9 May 23
Financial summary
| Quarter (USD) | Mar 23 | Dec 22 | Sep 22 | Jun 22 | |
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| Revenue | |||||
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| Change in cash | |||||
| Diluted EPS |
| Annual (USD) | Dec 22 | Dec 21 | Dec 20 | Dec 19 | |
|---|---|---|---|---|---|
| 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) | 171.00 k | 171.00 k | 171.00 k | 171.00 k | 171.00 k | 171.00 k |
| Cash burn (monthly) | (no burn) | 9.70 mm | (no burn) | (no burn) | (no burn) | (no burn) |
| Cash used (since last report) | n/a | 21.28 mm | n/a | n/a | n/a | n/a |
| Cash remaining | n/a | -21.11 mm | n/a | n/a | n/a | n/a |
| Runway (months of cash) | n/a | -2.2 | n/a | n/a | n/a | n/a |
Institutional ownership, Q1 2023
91.2% owned by funds/institutions
| 13F holders | Current |
|---|---|
| Total holders | 166 |
| Opened positions | 13 |
| Closed positions | 35 |
| Increased positions | 71 |
| Reduced positions | 61 |
| 13F shares | Current |
|---|---|
| Total value | 1.11 tn |
| Total shares | 18.55 mm |
| Total puts | 23.60 k |
| Total calls | 3.00 k |
| Total put/call ratio | 7.9 |
| Largest owners | Shares | Value |
|---|---|---|
| Vanguard | 2.34 mm | $148.25 bn |
| FMR | 2.16 mm | $136.71 bn |
| BLK Blackrock | 2.09 mm | $132.48 bn |
| Kayne Anderson Rudnick Investment Management | 1.99 mm | $126.01 bn |
| Dimensional Fund Advisors | 807.54 k | $51.07 bn |
| New South Capital Management | 613.45 k | $38.79 bn |
| Charles Schwab Investment Management | 586.89 k | $37.11 bn |
| Vaughan Nelson Investment Management | 579.87 k | $36.67 mm |
| FIL | 512.62 k | $32.42 bn |
| Fuller & Thaler Asset Management | 512.41 k | $32.40 bn |
Recent insider trades
| Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
|---|---|---|---|---|---|---|---|---|---|---|
| 18 May 23 | Kelly David M | Common Stock | Sell | Dispose S | No | No | 56.59 | 5,987 | 338.80 k | 81,209 |
| 15 May 23 | Kelly David M | Common Stock | Sell | Dispose S | No | No | 56.9 | 12,813 | 729.06 k | 87,196 |
| 15 May 23 | Hackman Jeffrey B. | Common Stock | Payment of exercise | Dispose F | No | No | 56.3 | 695 | 39.13 k | 64,501 |
| 5 May 23 | Catherine Cloudman | RSU Common Stock | Grant | Acquire A | No | No | 0 | 2,495 | 0.00 | 6,630 |
| 5 May 23 | Derrick Dewan Brooks | RSU Comon Stock | Grant | Acquire A | No | No | 0 | 2,495 | 0.00 | 4,317 |
News
Benzinga's Top Ratings Upgrades, Downgrades For June 1, 2023
1 Jun 23
UBS Initiates Coverage On Kforce with Neutral Rating, Announces Price Target of $62
1 Jun 23
Truist Securities Maintains Hold on Kforce, Lowers Price Target to $57
9 May 23
Baird Maintains Outperform on Kforce, Lowers Price Target to $65
9 May 23
Kforce Q1 EPS $0.82, Inline, Sales $406.00M Miss $411.58M Estimate
8 May 23
Press releases
Kforce Announces Participation at the Baird 2023 Global Consumer, Technology and Services Conference
17 May 23
Technology and Social Media are Changing Recruitment and Diversifying the Workforce
11 May 23
Kforce Reports First Quarter 2023 Revenue of $406.0 Million; Technology Flex Revenue Grew Approximately 2.2% Year-Over-Year; Earnings Per Share of $0.82
8 May 23
Kforce Inc. to Announce First-Quarter Results on May 8, 2023
6 Apr 23
Putting Customer Experience First in the Hybrid World
5 Apr 23