Kelly Services (NASDAQ:KELYA) EVP Sells $293,390.22 in Stock

Kelly Services, Inc. (NASDAQ:KELYA) EVP Vanessa Peterson Williams sold 29,999 shares of the business’s stock in a transaction on Thursday, May 14th. The shares were sold at an average price of $9.78, for a total transaction of $293,390.22. Following the sale, the executive vice president directly owned 82,355 shares of the company’s stock, valued at approximately $805,431.90. The trade was a 26.70% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Kelly Services Stock Performance

Shares of KELYA stock traded down $0.21 during mid-day trading on Friday, reaching $9.60. 683,862 shares of the company’s stock traded hands, compared to its average volume of 458,030. 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 $9.15 and a two-hundred day moving average price of $9.38. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.59 and a current ratio of 1.59. The firm has a market capitalization of $328.42 million, a PE ratio of -1.26, a price-to-earnings-growth ratio of 0.74 and a beta of 0.79.

Kelly Services (NASDAQ:KELYA) last issued its quarterly earnings data on Thursday, May 7th. The business services provider reported $0.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.04). Kelly Services had a negative net margin of 6.44% and a positive return on equity of 3.07%. The business had revenue of $1.04 billion for the quarter, compared to the consensus estimate of $1.02 billion. On average, research analysts forecast that Kelly Services, Inc. will post 1.01 EPS for the current year.

Kelly Services Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 2nd. Stockholders of record on Monday, May 18th will be given a dividend of $0.075 per share. The ex-dividend date of this dividend is Monday, May 18th. This represents a $0.30 dividend on an annualized basis and a dividend yield of 3.1%. Kelly Services’s payout ratio is presently -3.95%.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the company. AQR Capital Management LLC boosted its holdings in shares of Kelly Services by 24.3% during 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 purchasing an additional 73,040 shares during the last quarter. Millennium Management LLC boosted its holdings in shares of Kelly Services by 8.5% during the 1st 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 last quarter. Empowered Funds LLC boosted its holdings in shares of Kelly Services by 4.2% during the 1st 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 last quarter. Quantbot Technologies LP boosted its holdings in shares of Kelly Services by 16.0% during the 2nd quarter. Quantbot Technologies LP now owns 29,357 shares of the business services provider’s stock valued at $344,000 after purchasing an additional 4,043 shares during the last quarter. Finally, Invesco Ltd. boosted its holdings in shares of Kelly Services by 1.5% during the 2nd quarter. Invesco Ltd. now owns 472,191 shares of the business services provider’s stock valued at $5,529,000 after purchasing an additional 6,876 shares during the last quarter. Institutional investors own 76.34% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on KELYA. Zacks Research raised shares of Kelly Services from a “strong sell” rating to a “hold” rating in a research report on Monday, April 20th. Barrington Research dropped their target price on shares of Kelly Services from $16.00 to $15.00 and set an “outperform” rating for the company in a report on Friday, February 13th. Weiss Ratings downgraded shares of Kelly Services from a “sell (d)” rating to a “sell (d-)” rating in a report on Monday. Finally, Wall Street Zen raised shares of Kelly Services from a “sell” rating to a “hold” rating in a report on Sunday, February 22nd. Two analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus 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.