Kelly Services, Inc. (NASDAQ:KELYA) insider Olivier Thirot sold 5,400 shares of the business’s stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $22.12, for a total value of $119,448.00. Following the transaction, the insider now owns 73,802 shares of the company’s stock, valued at approximately $1,632,500.24. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.
KELYA opened at $21.87 on Friday. Kelly Services, Inc. has a 52-week low of $19.21 and a 52-week high of $32.31. The firm has a market cap of $850.13 million, a P/E ratio of 9.63 and a beta of 0.83.
Kelly Services (NASDAQ:KELYA) last issued its earnings results on Wednesday, February 13th. The business services provider reported $0.87 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.80 by $0.07. Kelly Services had a return on equity of 7.64% and a net margin of 0.42%. The business had revenue of $1.41 billion during the quarter, compared to analysts’ expectations of $1.42 billion. During the same period in the prior year, the business earned $0.80 EPS. The business’s revenue for the quarter was down .5% compared to the same quarter last year. As a group, equities analysts expect that Kelly Services, Inc. will post 2.35 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Monday, March 11th. Shareholders of record on Monday, February 25th were issued a $0.075 dividend. This represents a $0.30 annualized dividend and a dividend yield of 1.37%. The ex-dividend date of this dividend was Friday, February 22nd. Kelly Services’s dividend payout ratio is 13.22%.
A number of equities analysts recently issued reports on the company. Zacks Investment Research cut Kelly Services from a “hold” rating to a “sell” rating in a report on Saturday. BidaskClub cut Kelly Services from a “hold” rating to a “sell” rating in a report on Friday. Finally, ValuEngine upgraded Kelly Services from a “sell” rating to a “hold” rating in a report on Wednesday, January 9th. Three analysts have rated the stock with a sell rating and two have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $32.00.
Several hedge funds have recently modified their holdings of the business. Thrivent Financial for Lutherans raised its position in shares of Kelly Services by 1.2% in the 4th quarter. Thrivent Financial for Lutherans now owns 41,945 shares of the business services provider’s stock worth $930,000 after acquiring an additional 482 shares in the last quarter. Crossmark Global Holdings Inc. raised its position in shares of Kelly Services by 2.7% in the 4th quarter. Crossmark Global Holdings Inc. now owns 18,720 shares of the business services provider’s stock worth $383,000 after acquiring an additional 490 shares in the last quarter. Public Employees Retirement System of Ohio raised its position in shares of Kelly Services by 8.1% in the 4th quarter. Public Employees Retirement System of Ohio now owns 8,313 shares of the business services provider’s stock worth $170,000 after acquiring an additional 621 shares in the last quarter. Victory Capital Management Inc. raised its position in shares of Kelly Services by 1.0% in the 4th quarter. Victory Capital Management Inc. now owns 71,123 shares of the business services provider’s stock worth $1,457,000 after acquiring an additional 682 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Kelly Services by 56.5% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,230 shares of the business services provider’s stock worth $46,000 after acquiring an additional 805 shares in the last quarter. Institutional investors and hedge funds own 65.91% of the company’s stock.
About Kelly Services
Kelly Services, Inc, together with its subsidiaries, provides workforce solutions to various industries worldwide. The company operates through three segments: Americas Staffing, Global Talent Solutions, and International Staffing. It provides trained employees for data entry, clerical, and administrative support roles across various industries; schools with instructional and non-instructional employees; support staff for seminars, sales, and trade shows; assemblers, quality control inspectors, and technicians for electronic assembly; maintenance workers, material handlers, and assemblers for light industrial works; scientists, and scientific and clinical research workforce solutions; engineering professionals across various disciplines, including aeronautical, chemical, civil/structural, electrical/instrumentation, environmental, industrial, mechanical, petroleum, pharmaceutical, quality, and telecommunications.
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