George S. Corona Sells 3,000 Shares of Kelly Services, Inc. (KELYA) Stock
Kelly Services, Inc. (NASDAQ:KELYA) CEO George S. Corona sold 3,000 shares of Kelly Services stock in a transaction on Monday, November 13th. The shares were sold at an average price of $28.06, for a total transaction of $84,180.00. Following the transaction, the chief executive officer now owns 193,473 shares in the company, valued at approximately $5,428,852.38. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.
Shares of Kelly Services, Inc. (NASDAQ:KELYA) traded down $0.37 during mid-day trading on Thursday, reaching $28.48. 198,100 shares of the company’s stock traded hands, compared to its average volume of 124,940. The stock has a market cap of $1,105.19, a PE ratio of 14.80 and a beta of 1.06. Kelly Services, Inc. has a 1-year low of $19.50 and a 1-year high of $29.30.
Kelly Services (NASDAQ:KELYA) last announced its quarterly earnings results on Wednesday, November 8th. The business services provider reported $0.58 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 analysts’ expectations of $1.30 billion. Kelly Services had a net margin of 1.44% and a return on equity of 7.25%. The business’s quarterly revenue was up 6.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.44 EPS. equities research analysts predict that Kelly Services, Inc. will post 2.04 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, December 7th. Shareholders of record on Wednesday, November 22nd will be paid a $0.075 dividend. This represents a $0.30 annualized dividend and a yield of 1.05%. The ex-dividend date of this dividend is Tuesday, November 21st. Kelly Services’s payout ratio is currently 15.71%.
Hedge funds have recently made changes to their positions in the business. SG Americas Securities LLC bought a new stake in shares of Kelly Services in the 2nd quarter worth about $117,000. State of Alaska Department of Revenue lifted its position in shares of 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 worth $128,000 after purchasing an additional 2,501 shares during the period. Victory Capital Management Inc. lifted its position in shares of 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 worth $190,000 after purchasing an additional 1,271 shares during the period. Macquarie Group Ltd. purchased a new stake in shares of Kelly Services in the 3rd quarter worth approximately $218,000. Finally, First Quadrant L P CA purchased a new stake in shares of Kelly Services in the 2nd quarter worth approximately $242,000. Institutional investors and hedge funds own 66.63% of the company’s stock.
KELYA has been the topic of a number of analyst reports. BidaskClub cut shares of Kelly Services from a “sell” rating to a “strong sell” rating in a research note on Monday, July 31st. Zacks Investment Research upgraded shares of Kelly Services from a “hold” rating to a “buy” rating and set a $24.00 price target on the stock in a research note on Friday, August 11th. Finally, ValuEngine upgraded shares of Kelly Services from a “hold” rating to a “buy” rating in a research note 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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