Vanguard Boosts Kforce Stake to 19.9% as of Dec 29, 2023

TL;DR

**Vanguard now owns 19.9% of Kforce, a big vote of confidence!**

AI Summary

The Vanguard Group, a major investment firm, filed an amended SC 13G/A on February 13, 2024, disclosing its ownership in Kforce Inc. As of December 29, 2023, Vanguard holds 4,028,879 shares of Kforce's Common Stock, representing 19.9% of the company. This filing indicates a significant passive stake by Vanguard, reinforcing its long-term investment in Kforce and signaling confidence to other investors.

Why It Matters

This filing shows that a major institutional investor, Vanguard, maintains a substantial and slightly increased stake in Kforce, which can be a positive signal for current and prospective shareholders regarding the company's stability and future prospects.

Risk Assessment

Risk Level: low — This filing indicates a passive, long-term investment by a major institution, which generally reduces perceived risk for other investors.

Analyst Insight

A smart investor would view Vanguard's continued large, passive stake (19.9%) as a positive indicator of Kforce's long-term value and stability, potentially reinforcing a 'hold' or 'buy' decision.

Key Numbers

• 4,028,879 — Shares Owned (The total number of Kforce Common Stock shares beneficially owned by The Vanguard Group.)
• 19.9% — Ownership Percentage (The percentage of Kforce's Common Stock owned by The Vanguard Group, indicating a significant stake.)
• December 29, 2023 — Event Date (The specific date that triggered the requirement for this Schedule 13G/A filing.)

Key Players & Entities

• The Vanguard Group (company) — the reporting person and institutional investor
• Kforce Inc. (company) — the subject company whose securities are being reported
• 4,028,879 (dollar_amount) — number of shares of Common Stock beneficially owned by Vanguard
• 19.9% (dollar_amount) — percentage of Kforce's class of securities beneficially owned by Vanguard
• December 29, 2023 (date) — the date of the event requiring the filing

Forward-Looking Statements

• Vanguard will maintain its significant passive stake in Kforce Inc. (The Vanguard Group) — high confidence, target: December 29, 2024

FAQ

From the Filing

0001104659-24-021284.txt : 20240213 0001104659-24-021284.hdr.sgml : 20240213 20240213170805 ACCESSION NUMBER: 0001104659-24-021284 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20240213 DATE AS OF CHANGE: 20240213 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: 24628851 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: VANGUARD GROUP INC CENTRAL INDEX KEY: 0000102909 ORGANIZATION NAME: IRS NUMBER: 231945930 STATE OF INCORPORATION: PA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: PO BOX 2600 STREET 2: V26 CITY: VALLEY FORGE STATE: PA ZIP: 19482-2600 BUSINESS PHONE: 6106691000 MAIL ADDRESS: STREET 1: PO BOX 2600 STREET 2: V26 CITY: VALLEY FORGE STATE: PA ZIP: 19482-2600 SC 13G/A 1 tv01278-kforceinc.htm SCHEDULE 13G/A kforceinc SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Schedule 13G Under the Securities Exchange Act of 1934 (Amendment No.: 12)* Name of issuer:  Kforce Inc Title of Class of Securities:  Common Stock CUSIP Number:  493732101 Date of Event Which Requires Filing of this Statement: December 29, 2023 Check the appropriate box to designate the rule pursuant to which this Schedule is filed: ☒ Rule 13d-1(b) ☐ Rule 13d-1(c) ☐ Rule 13d-1(d) *The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page. The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). (Continued on the following page(s))     13G CUSIP No.:  493732101 1.  NAME OF REPORTING PERSON I.R.S. IDENTIFICATION NO. OF ABOVE PERSON The Vanguard Group - 23-1945930 2.  CHECK THE APPROPRIATE [LINE] IF A MEMBER OF A GROUP A.  B.  X 3.  SEC USE ONLY 4.  CITIZENSHIP OF PLACE OF ORGANIZATION Pennsylvania (For questions 5-8, report the number of shares beneficially owned by each reporting person with:) 5.  SOLE VOTING POWER 0 6.  SHARED VOTING POWER 35,053 7.  SOLE DISPOSITIVE POWER 1,911,684 8.  SHARED DISPOSITIVE POWER 52,405 9.  AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,964,089 10.  CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES N/A 11.  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 9.94% 12.  TYPE OF REPORTING PERSON IA     SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Schedule 13G Under the Securities Act of 1934 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 Item 2(a) - Name of Person Filing: The Vanguard Group - 23-1945930 Item 2(b) – Address of Principal Business Office or, if none, residence: 100 Vanguard Blvd. Malvern, PA 19355 It