Trade Kforce Inc - KFRC CFD

Trade Kforce Inc - KFRC

About Kforce Inc.

Kforce Inc. provides professional staffing services and solutions to its clients on both a temporary (Flex) and permanent (Direct Hire) basis. The Company operates through two segments: Technology (Tech) and Finance and Accounting (FA). The Tech segment provides both Flex and Direct Hire services to its clients, focusing primarily on areas of information technology, such as systems/applications architecture and development, data management, business and artificial intelligence, machine learning and network architecture, and security. The FA segment provides both Flex and Direct Hire services to our clients in areas such as accounting, transactional finance, financial analysis and reporting, taxation, budgeting, loan servicing, professional administration, audit services and systems and controls analysis and documentation. Its FA segment provides services to clients in a range of industries, which includes financial services, healthcare and manufacturing sectors.

Financial summary

BRIEF: For the fiscal year ended 31 December 2021, Kforce Inc. revenues increased 13% to $1.58B. Net income increased 34% to $75.2M. Revenues reflect Technology segment increase of 21% to $1.27B. Net income benefited from Other SGA decrease of 4% to $50.5M (expense), Fixed asset depreciation decrease of 31% to $2.8M (expense). Dividend per share increased from $0.80 to $0.98.

Equity composition

Common Stock $.01 Par, 12/10, 250M auth., 66,542,000 issd., less 24,823,000 shs. in Treas. @ $163.2M. Insider own 21.03%. IPO 8/95, 1.6Mshs @ $6.25 by Prudential Secs. PO 12/97, 4,786,500 shs (4,576,500 by Co.) @ $20 by Robert W. Baird & Co. 10/97, 5/96, 2-for-1 stock splits. *6/01, Name changed from Kforce.com, Inc.