Kelly Services, Inc. (KELYA) Stake Lowered by Shufro Rose & Co. LLC
Shufro Rose & Co. LLC lowered its position in Kelly Services, Inc. (NASDAQ:KELYA) by 0.9% during the first quarter, according to its most recent filing with the SEC. The firm owned 163,335 shares of the business services provider’s stock after selling 1,433 shares during the period. Shufro Rose & Co. LLC owned 0.43% of Kelly Services worth $3,571,000 at the end of the most recent reporting period.
Several other institutional investors have also recently made changes to their positions in KELYA. Capital One National Association boosted its position in shares of Kelly Services by 3.9% in the third quarter. Capital One National Association now owns 21,019 shares of the business services provider’s stock worth $404,000 after buying an additional 798 shares in the last quarter. Bank of New York Mellon Corp boosted its position in shares of Kelly Services by 13.4% in the third quarter. Bank of New York Mellon Corp now owns 469,984 shares of the business services provider’s stock worth $9,034,000 after buying an additional 55,605 shares in the last quarter. BlackRock Inc. boosted its position in shares of Kelly Services by 0.9% in the third quarter. BlackRock Inc. now owns 18,178 shares of the business services provider’s stock worth $349,000 after buying an additional 154 shares in the last quarter. BlackRock Fund Advisors boosted its position in shares of Kelly Services by 7.5% in the third quarter. BlackRock Fund Advisors now owns 2,147,889 shares of the business services provider’s stock worth $41,282,000 after buying an additional 149,360 shares in the last quarter. Finally, Citadel Advisors LLC purchased a new position in shares of Kelly Services during the third quarter worth $1,443,000. 66.17% of the stock is currently owned by institutional investors.
Shares of Kelly Services, Inc. (NASDAQ:KELYA) traded down 0.88% during midday trading on Tuesday, hitting $23.69. 110,852 shares of the company were exchanged. Kelly Services, Inc. has a one year low of $18.01 and a one year high of $24.70. The firm has a market capitalization of $907.02 million, a price-to-earnings ratio of 7.66 and a beta of 1.19. The firm’s 50 day moving average price is $21.97 and its 200 day moving average price is $21.75.
Kelly Services (NASDAQ:KELYA) last posted its quarterly earnings data on Thursday, May 11th. The business services provider reported $0.35 EPS for the quarter, beating the Zacks’ consensus estimate of $0.21 by $0.14. Kelly Services had a net margin of 2.32% and a return on equity of 6.06%. The company had revenue of $1.29 billion for the quarter, compared to analyst estimates of $1.28 billion. During the same period in the prior year, the firm posted $0.19 EPS. The company’s quarterly revenue was down 4.4% on a year-over-year basis. Analysts forecast that Kelly Services, Inc. will post $1.72 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 7th. Stockholders of record on Tuesday, May 23rd will be paid a $0.075 dividend. This represents a $0.30 dividend on an annualized basis and a dividend yield of 1.26%. The ex-dividend date of this dividend is Friday, May 19th. Kelly Services’s dividend payout ratio is currently 9.58%.
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KELYA has been the topic of a number of recent analyst reports. Zacks Investment Research cut shares of Kelly Services from a “hold” rating to a “strong sell” rating in a research report on Tuesday, February 7th. Northcoast Research reissued a “neutral” rating on shares of Kelly Services in a research report on Friday, May 12th.
In related news, insider Carl T. Camden sold 20,896 shares of the stock in a transaction on Wednesday, February 22nd. The shares were sold at an average price of $21.70, for a total transaction of $453,443.20. Following the transaction, the insider now directly owns 469,154 shares of the company’s stock, valued at $10,180,641.80. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Antonina M. Ramsey sold 15,000 shares of the stock in a transaction on Wednesday, May 17th. The stock was sold at an average price of $24.13, for a total transaction of $361,950.00. Following the transaction, the insider now directly owns 47,678 shares in the company, valued at $1,150,470.14. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 43,000 shares of company stock worth $969,334. Insiders own 16.10% of the company’s stock.
About Kelly Services
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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