FMR LLC & Abigail Johnson Maintain 8.174% Stake in Kforce Inc.

Ticker: KFRC · Form: SC 13G/A · Filed: 2024-02-09T00:00:00.000Z

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

Key Players & Entities

Forward-Looking Statements

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.

From the Filing

0000315066-24-001252.txt : 20240209 0000315066-24-001252.hdr.sgml : 20240209 20240209091605 ACCESSION NUMBER: 0000315066-24-001252 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20240209 DATE AS OF CHANGE: 20240209 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: KFORCE INC CENTRAL INDEX KEY: 0000930420 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-HELP SUPPLY SERVICES [7363] ORGANIZATION NAME: 07 Trade & Services IRS NUMBER: 593264661 STATE OF INCORPORATION: FL FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-47829 FILM NUMBER: 24611766 BUSINESS ADDRESS: STREET 1: 1150 ASSEMBLY DRIVE STREET 2: SUITE 500 CITY: TAMPA STATE: FL ZIP: 33607 BUSINESS PHONE: 8135525000 MAIL ADDRESS: STREET 1: 8405 BENJAMIN ROAD STREET 2: SUITE G CITY: TAMPA STATE: FL ZIP: 33634 FORMER COMPANY: FORMER CONFORMED NAME: KFORCE INC DATE OF NAME CHANGE: 20000517 FORMER COMPANY: FORMER CONFORMED NAME: ROMAC INTERNATIONAL INC DATE OF NAME CHANGE: 19950502 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: FMR LLC CENTRAL INDEX KEY: 0000315066 STANDARD INDUSTRIAL CLASSIFICATION: UNKNOWN SIC - 0000 [0000] ORGANIZATION NAME: IRS NUMBER: 043532603 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: 245 SUMMER STREET CITY: BOSTON STATE: MA ZIP: 02210 BUSINESS PHONE: 6175706339 MAIL ADDRESS: STREET 1: 245 SUMMER STREET CITY: BOSTON STATE: MA ZIP: 02210 FORMER COMPANY: FORMER CONFORMED NAME: FMR CORP DATE OF NAME CHANGE: 19920717 SC 13G/A 1 filing.txt SCHEDULE 13G Amendment No.4 KFORCE INC COMMON STOCK Cusip #493732101 Check the appropriate box to designate the rule pursuant to which this Schedule is filed: [x] Rule 13d-1(b) [ ] Rule 13d-1(c) [ ] Rule 13d-1(d) Cusip #493732101 Item 1: Reporting Person - FMR LLC Item 2: (a) [ ] (b) [ ] Item 4: Delaware Item 5: 1,614,697 Item 6: 0 Item 7: 1,615,220 Item 8: 0 Item 9: 1,615,220 Item 11: 8.174% Item 12: HC Cusip #493732101 Item 1: Reporting Person - Abigail P. Johnson Item 2: (a) [ ] (b) [ ] Item 4: United States of America Item 5: 0 Item 6: 0 Item 7: 1,615,220 Item 8: 0 Item 9: 1,615,220 Item 11: 8.174% Item 12: IN Item 1(a). Name of Issuer: KFORCE INC Item 1(b). Address of Issuer's Principal Executive Offices: 1150 ASSEMBLY DRIVE, SUITE 500 TAMPA, FL 33607 USA Item 2(a). Name of Person Filing: FMR LLC Item 2(b). Address or Principal Business Office or, if None, Residence: 245 Summer Street, Boston, Massachusetts 02210 Item 2(c). Citizenship: Not applicable Item 2(d). Title of Class of Securities: COMMON STOCK Item 2(e). CUSIP Number: 493732101 Item 3. This statement is filed pursuant to Rule 13d-1(b) or 13d-2(b) or (c) and the person filing, FMR LLC, is a parent holding company in accordance with Section 240.13d-1(b)(1)(ii)(G). (Note: See Exhibit A). Item 4. Ownership (a) Amount Beneficially Owned: 1,615,220 (b) Percent of Class: 8.174% (c) Number of shares as to which such person has: (i) sole power to vote or to direct the vote: Please see the responses to Items 5 and 6 on the cover page (ii) shared power to vote or to direct the vote: 0 (iii) sole power to dispose or to direct the disposition of: 1,615,220 (iv) shared power to dispose or to direct the disposition of: 0 Item 5. Ownership of Five Percent or Less of a Class. Not applicable. Item 6. Ownership of More than Five Percent on Behalf of Another Person. One or more other persons are known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the COMMON STOCK of KFORCE INC. No one other person's interest in the COMMON STOCK of KFORCE INC is more than five percent of the total outstanding COMMON STOCK. Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company. See attached Exhibit A. Item 8. Identification and Classification of Members of the Group. Not applicable. Item 9. Notice of

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