James Christopher Hunt Buys 10,000 Shares of Kelly Services (NASDAQ:KELYA) Stock

Kelly Services, Inc. (NASDAQ:KELYA) Director James Christopher Hunt purchased 10,000 shares of the business’s stock in a transaction that occurred on Monday, February 23rd. The stock was bought at an average cost of $9.43 per share, with a total value of $94,300.00. Following the acquisition, the director owned 25,976 shares of the company’s stock, valued at approximately $244,953.68. The trade was a 62.59% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

James Christopher Hunt also recently made the following trade(s):

• On Wednesday, February 25th, James Christopher Hunt bought 4,000 shares of Kelly Services stock. The stock was bought at an average price of $9.30 per share, with a total value of $37,200.00.
• On Friday, February 20th, James Christopher Hunt bought 10,000 shares of Kelly Services stock. The stock was bought at an average cost of $9.57 per share, with a total value of $95,700.00.
• On Wednesday, February 18th, James Christopher Hunt purchased 1,000 shares of Kelly Services stock. The shares were bought at an average price of $9.58 per share, for a total transaction of $9,580.00.

Kelly Services Trading Up 3.2%

Shares of KELYA opened at $9.64 on Friday. The company has a current ratio of 1.54, a quick ratio of 1.54 and a debt-to-equity ratio of 0.10. Kelly Services, Inc. has a 12-month low of $7.98 and a 12-month high of $14.94. The firm has a 50-day moving average price of $9.68 and a 200 day moving average price of $11.02. The firm has a market capitalization of $329.78 million, a P/E ratio of -1.33, a P/E/G ratio of 0.68 and a beta of 0.79.

Kelly Services (NASDAQ:KELYA) last issued its earnings results on Thursday, February 12th. The business services provider reported $0.16 EPS for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.29). Kelly Services had a positive return on equity of 4.05% and a negative net margin of 5.98%.The firm had revenue of $1.05 billion for the quarter, compared to analysts’ expectations of $1.03 billion. Sell-side analysts forecast that Kelly Services, Inc. will post 2.45 EPS for the current year.

Kelly Services Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 11th. Investors of record on Wednesday, February 25th will be issued a $0.075 dividend. The ex-dividend date is Wednesday, February 25th. This represents a $0.30 dividend on an annualized basis and a yield of 3.1%. Kelly Services’s dividend payout ratio is currently -4.13%.

Hedge Funds Weigh In On Kelly Services

Hedge funds and other institutional investors have recently bought and sold shares of the company. AQR Capital Management LLC grew its position in Kelly Services by 24.3% in the 1st quarter. AQR Capital Management LLC now owns 373,269 shares of the business services provider’s stock valued at $4,916,000 after acquiring an additional 73,040 shares in the last quarter. Millennium Management LLC boosted its stake in shares of Kelly Services by 8.5% in the first quarter. Millennium Management LLC now owns 1,188,264 shares of the business services provider’s stock valued at $15,649,000 after purchasing an additional 93,026 shares during the period. Empowered Funds LLC boosted its stake in shares of Kelly Services by 4.2% in the first quarter. Empowered Funds LLC now owns 214,829 shares of the business services provider’s stock valued at $2,829,000 after purchasing an additional 8,562 shares during the period. Y Intercept Hong Kong Ltd grew its holdings in shares of Kelly Services by 181.4% in the second quarter. Y Intercept Hong Kong Ltd now owns 70,928 shares of the business services provider’s stock valued at $831,000 after purchasing an additional 45,722 shares in the last quarter. Finally, Versor Investments LP purchased a new stake in Kelly Services during the 2nd quarter worth approximately $150,000. 76.34% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms have commented on KELYA. Barrington Research reduced their target price on Kelly Services from $16.00 to $15.00 and set an “outperform” rating on the stock in a research report on Friday, February 13th. Weiss Ratings reissued a “sell (d)” rating on shares of Kelly Services in a research report on Thursday, January 22nd. Zacks Research lowered shares of Kelly Services from a “hold” rating to a “strong sell” rating in a report on Wednesday, February 18th. Finally, Wall Street Zen raised shares of Kelly Services from a “sell” rating to a “hold” rating in a research note on Sunday, February 22nd. Two research analysts have rated the stock with a Buy rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $15.00.

Kelly Services Company Profile

Kelly Services, Inc is a global workforce solutions provider specializing in talent acquisition and staffing services across a wide range of industries. The company offers temporary staffing, permanent placement, outsourcing solutions, and consulting services to help organizations address their workforce needs. Its service offerings are designed to support clients in areas such as administrative support, information technology, engineering, science, education, healthcare, and industrial sectors.

Founded in 1946 by William Russell Kelly, Kelly Services has grown from a small local staffing firm into an international organization.