Kelly Services Inc. (KELYA) Director Sells $150,949.89 in Stock
Kelly Services Inc. (NASDAQ:KELYA) Director B Joseph White sold 7,899 shares of Kelly Services stock in a transaction dated Wednesday, September 28th. The stock was sold at an average price of $19.11, for a total value of $150,949.89. Following the transaction, the director now directly owns 22,090 shares in the company, valued at $422,139.90. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.
Kelly Services Inc. (NASDAQ:KELYA) opened at 18.87 on Friday. The firm has a market capitalization of $718.81 million, a P/E ratio of 11.61 and a beta of 1.89. The stock has a 50 day moving average price of $19.08 and a 200-day moving average price of $19.17. Kelly Services Inc. has a 52 week low of $13.76 and a 52 week high of $20.98.
Kelly Services (NASDAQ:KELYA) last issued its quarterly earnings data on Wednesday, August 10th. The company reported $0.29 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.31 by $0.02. Kelly Services had a return on equity of 7.03% and a net margin of 1.14%. The business earned $1.38 billion during the quarter, compared to analysts’ expectations of $1.39 billion. During the same quarter last year, the business posted $0.18 EPS. The company’s quarterly revenue was down .7% on a year-over-year basis. Analysts anticipate that Kelly Services Inc. will post $1.57 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 2nd. Investors of record on Tuesday, August 23rd were given a $0.075 dividend. The ex-dividend date of this dividend was Friday, August 19th. This represents a $0.30 dividend on an annualized basis and a dividend yield of 1.59%. Kelly Services’s dividend payout ratio (DPR) is presently 18.41%.
Separately, Zacks Investment Research raised Kelly Services from a “sell” rating to a “hold” rating in a research note on Monday.
Several large investors have recently modified their holdings of the company. Mason Street Advisors LLC purchased a new position in Kelly Services during the second quarter worth approximately $110,000. Schwab Charles Investment Management Inc. boosted its position in Kelly Services by 0.9% in the second quarter. Schwab Charles Investment Management Inc. now owns 346,239 shares of the company’s stock worth $6,569,000 after buying an additional 3,113 shares in the last quarter. American Century Companies Inc. purchased a new position in Kelly Services during the second quarter worth approximately $415,000. Arizona State Retirement System boosted its position in Kelly Services by 2.0% in the second quarter. Arizona State Retirement System now owns 15,460 shares of the company’s stock worth $293,000 after buying an additional 300 shares in the last quarter. Finally, AHL Partners LLP purchased a new position in Kelly Services during the second quarter worth approximately $229,000. Institutional investors own 64.76% of the company’s stock.
About Kelly Services
Kelly Services, Inc is a workforce solutions provider. The Company provides workforce solutions in over three regions: the Americas; Europe, the Middle East and Africa (EMEA), and Asia Pacific (APAC). It operates in seven segments: Americas Commercial, Americas Professional and Technical (Americas PT), EMEA Commercial, EMEA Professional and Technical (EMEA PT), APAC Commercial, APAC Professional and Technical (APAC PT), and Outsourcing and Consulting Group (OCG).
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