Kelly Services, Inc. (KELYA) Director Jane E. Dutton Sells 6,900 Shares
Kelly Services, Inc. (NASDAQ:KELYA) Director Jane E. Dutton sold 6,900 shares of the stock in a transaction that occurred on Thursday, November 30th. The stock was sold at an average price of $29.05, for a total value of $200,445.00. Following the transaction, the director now directly owns 24,180 shares in the company, valued at approximately $702,429. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.
Shares of Kelly Services, Inc. (NASDAQ:KELYA) opened at $29.06 on Tuesday. The stock has a market capitalization of $1,113.17, a P/E ratio of 14.86 and a beta of 1.10. Kelly Services, Inc. has a 1-year low of $19.50 and a 1-year high of $30.93.
Kelly Services (NASDAQ:KELYA) last announced its quarterly earnings results on Wednesday, November 8th. The business services provider reported $0.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.31 by $0.27. The business had revenue of $1.33 billion for the quarter, compared to the consensus estimate of $1.30 billion. Kelly Services had a return on equity of 7.25% and a net margin of 1.44%. The business’s revenue was up 6.5% on a year-over-year basis. During the same quarter last year, the business posted $0.44 EPS. sell-side analysts anticipate that Kelly Services, Inc. will post 2.04 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, December 7th. Investors of record on Wednesday, November 22nd will be issued a $0.075 dividend. This represents a $0.30 annualized dividend and a dividend yield of 1.03%. The ex-dividend date of this dividend is Tuesday, November 21st. Kelly Services’s dividend payout ratio (DPR) is 15.71%.
Several hedge funds and other institutional investors have recently made changes to their positions in KELYA. SG Americas Securities LLC bought a new stake in shares of Kelly Services in the 2nd quarter worth approximately $117,000. State of Alaska Department of Revenue increased its position in Kelly Services by 77.4% in the 2nd quarter. State of Alaska Department of Revenue now owns 5,731 shares of the business services provider’s stock valued at $128,000 after acquiring an additional 2,501 shares during the period. Victory Capital Management Inc. increased its position in Kelly Services by 17.6% in the 2nd quarter. Victory Capital Management Inc. now owns 8,484 shares of the business services provider’s stock valued at $190,000 after acquiring an additional 1,271 shares during the period. Macquarie Group Ltd. acquired a new stake in Kelly Services in the 3rd quarter valued at approximately $218,000. Finally, BNP Paribas Arbitrage SA increased its position in Kelly Services by 49.1% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 12,079 shares of the business services provider’s stock valued at $271,000 after acquiring an additional 3,976 shares during the period. 66.11% of the stock is currently owned by institutional investors and hedge funds.
A number of research analysts have commented on KELYA shares. BidaskClub downgraded Kelly Services from a “strong-buy” rating to a “buy” rating in a report on Tuesday. Zacks Investment Research raised Kelly Services from a “hold” rating to a “buy” rating and set a $24.00 target price on the stock in a report on Friday, August 11th. Finally, ValuEngine raised Kelly Services from a “hold” rating to a “buy” rating in a report on Friday, August 11th.
Kelly Services Company Profile
Kelly Services, Inc is a workforce solutions provider, which is engaged in offering a range of specialty services. The Company provides workforce solutions in three regions: the Americas; Europe, the Middle East and Africa (EMEA), and Asia Pacific (APAC). The Company’s segments are Americas Commercial, Americas Professional and Technical (Americas PT), EMEA Commercial, EMEA Professional and Technical (EMEA PT), and Outsourcing and Consulting Group (OCG).
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