FMR LLC & Abigail Johnson Maintain 8.174% Stake in Kforce Inc.
Ticker: KFRC · Form: SC 13G/A · Filed: Feb 9, 2024 · CIK: 930420
| Field | Detail |
|---|---|
| Company | Kforce Inc (KFRC) |
| Form Type | SC 13G/A |
| Filed Date | Feb 9, 2024 |
| Risk Level | low |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, passive-investing, amendment, stake-disclosure
TL;DR
**FMR LLC still owns 8.174% of Kforce, signaling confidence.**
AI Summary
FMR LLC, a major investment firm, and its principal owner, Abigail P. Johnson, have filed an amendment to their SC 13G, indicating they collectively beneficially own 1,615,220 shares of Kforce Inc. common stock, representing 8.174% of the company. This filing, dated February 9, 2024, shows a significant passive stake in Kforce, a help supply services company based in Tampa, FL. This matters to investors because a large, institutional holder like FMR LLC maintaining an over 8% stake signals continued confidence in Kforce's long-term prospects, potentially influencing other investors' perceptions and the stock's stability.
Why It Matters
This filing confirms a major institutional investor's continued significant ownership in Kforce, which can be seen as a vote of confidence and may influence market sentiment and the stock's perceived stability.
Risk Assessment
Risk Level: low — This filing indicates a stable, passive ownership stake by a large institution, which generally reduces volatility and risk for other shareholders.
Analyst Insight
A smart investor would view this as a sign of institutional confidence, but also recognize that this is a passive stake, meaning FMR LLC is not actively seeking to influence management. It might warrant further research into Kforce's fundamentals, knowing a major player sees value.
Key Numbers
- 1,615,220 — Shares Beneficially Owned (Total shares of Kforce Inc. common stock owned by FMR LLC and Abigail P. Johnson)
- 8.174% — Percent of Class (Percentage of Kforce Inc. common stock beneficially owned by FMR LLC and Abigail P. Johnson)
- 20240209 — Filing Date (Date the SC 13G/A amendment was filed)
Key Players & Entities
- FMR LLC (company) — reporting person and parent holding company
- Abigail P. Johnson (person) — reporting person, principal owner of FMR LLC
- KFORCE INC (company) — the issuer of the common stock
- 07 Trade & Services (company) — organization name associated with Kforce Inc.
Forward-Looking Statements
- FMR LLC will maintain a significant, passive stake in Kforce Inc. for the foreseeable future. (FMR LLC) — high confidence, target: 2025-02-09
- Kforce Inc.'s stock price will experience increased stability due to the presence of a large institutional investor. (KFORCE INC) — medium confidence, target: 2024-08-09
FAQ
Who are the primary reporting persons in this SC 13G/A filing for Kforce Inc.?
The primary reporting persons are FMR LLC and Abigail P. Johnson, as stated in Item 1 of the filing for both entities.
What percentage of Kforce Inc.'s common stock do FMR LLC and Abigail P. Johnson collectively beneficially own?
According to Item 11 for both FMR LLC and Abigail P. Johnson, they collectively beneficially own 8.174% of Kforce Inc.'s common stock.
How many shares of Kforce Inc. common stock are beneficially owned by FMR LLC and Abigail P. Johnson?
Both FMR LLC and Abigail P. Johnson are reported to beneficially own 1,615,220 shares of Kforce Inc. common stock, as detailed in Item 7 for each reporting person and Item 4(a) for FMR LLC.
What is the CUSIP number for Kforce Inc. common stock mentioned in this filing?
The CUSIP number for Kforce Inc. common stock is 493732101, as stated in the filing's header and Item 2(e).
Under which rule was this Schedule 13G filed?
This Schedule 13G was filed pursuant to Rule 13d-1(b), as indicated by the checked box in the filing and further specified in Item 3.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on February 9, 2024 by Abigail P. Johnson regarding KFORCE INC (KFRC).