Kelly Services Inc. (KELYA) To Go Ex-Dividend on November 21st
Kelly Services Inc. (NASDAQ:KELYA) announced a quarterly dividend on Wednesday, November 9th. Shareholders of record on Wednesday, November 23rd will be paid a dividend of 0.075 per share on Thursday, December 8th. This represents a $0.30 annualized dividend and a yield of 1.50%. The ex-dividend date of this dividend is Monday, November 21st.
Shares of Kelly Services (NASDAQ:KELYA) opened at 20.03 on Wednesday. Kelly Services has a 52 week low of $14.35 and a 52 week high of $20.98. The company has a market cap of $765.95 million, a price-to-earnings ratio of 5.80 and a beta of 1.27. The firm’s 50-day moving average price is $18.99 and its 200 day moving average price is $19.27.
Kelly Services (NASDAQ:KELYA) last posted its quarterly earnings data on Monday, November 7th. The company reported $0.44 EPS for the quarter, topping the consensus estimate of $0.43 by $0.01. The firm earned $1.25 billion during the quarter, compared to analyst estimates of $1.30 billion. Kelly Services had a return on equity of 7.59% and a net margin of 2.49%. Kelly Services’s revenue was down 7.6% on a year-over-year basis. During the same period in the prior year, the business posted $0.19 EPS. On average, equities research analysts forecast that Kelly Services will post $1.54 EPS for the current year.
In other Kelly Services news, Director B Joseph White sold 7,899 shares of the stock in a transaction dated Wednesday, September 28th. The shares were sold at an average price of $19.11, for a total transaction of $150,949.89. Following the completion of the transaction, the director now owns 22,090 shares of the company’s stock, valued at approximately $422,139.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Steven Shelby Armstrong sold 18,000 shares of the stock in a transaction dated Wednesday, September 7th. The shares were sold at an average price of $19.36, for a total transaction of $348,480.00. Following the transaction, the insider now directly owns 42,335 shares of the company’s stock, valued at approximately $819,605.60. The disclosure for this sale can be found here. 16.10% of the stock is owned by company insiders.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Advisor Group Inc. bought a new position in Kelly Services during the second quarter valued at approximately $116,000. SG Americas Securities LLC bought a new position in Kelly Services during the third quarter valued at approximately $120,000. AHL Partners LLP bought a new position in Kelly Services during the second quarter valued at approximately $229,000. Thrivent Financial for Lutherans increased its position in Kelly Services by 5.7% in the second quarter. Thrivent Financial for Lutherans now owns 14,360 shares of the company’s stock valued at $272,000 after buying an additional 780 shares during the period. Finally, Arizona State Retirement System increased 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 valued at $293,000 after buying an additional 300 shares during the period. 65.10% of the stock is owned by institutional investors and hedge funds.
Separately, Zacks Investment Research lowered Kelly Services from a “hold” rating to a “sell” rating in a research note on Monday, August 29th.
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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