Illinois Municipal Retirement Fund Sells 719 Shares of Kelly Services, Inc. (NASDAQ:KELYA)

Illinois Municipal Retirement Fund cut its position in shares of Kelly Services, Inc. (NASDAQ:KELYA) by 3.7% during the 4th quarter, HoldingsChannel reports. The firm owned 18,778 shares of the business services provider’s stock after selling 719 shares during the period. Illinois Municipal Retirement Fund’s holdings in Kelly Services were worth $406,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Kelly Services by 80.0% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,135 shares of the business services provider’s stock valued at $148,000 after purchasing an additional 3,616 shares in the last quarter. EMC Capital Management boosted its holdings in Kelly Services by 299.7% in the third quarter. EMC Capital Management now owns 9,504 shares of the business services provider’s stock worth $173,000 after acquiring an additional 7,126 shares in the last quarter. Teacher Retirement System of Texas bought a new stake in Kelly Services in the third quarter worth $231,000. Allspring Global Investments Holdings LLC boosted its holdings in Kelly Services by 32.4% in the third quarter. Allspring Global Investments Holdings LLC now owns 14,233 shares of the business services provider’s stock worth $259,000 after acquiring an additional 3,481 shares in the last quarter. Finally, Louisiana State Employees Retirement System bought a new stake in Kelly Services in the fourth quarter worth $346,000. 76.34% of the stock is currently owned by institutional investors.

Kelly Services Trading Up 1.8 %

Kelly Services stock opened at $23.36 on Thursday. The business’s fifty day simple moving average is $24.07 and its two-hundred day simple moving average is $21.76. Kelly Services, Inc. has a 12 month low of $15.53 and a 12 month high of $25.27. The company has a market capitalization of $824.37 million, a price-to-earnings ratio of 23.84, a price-to-earnings-growth ratio of 1.02 and a beta of 1.18.

Kelly Services (NASDAQ:KELYA) last released its earnings results on Thursday, February 15th. The business services provider reported $0.93 EPS for the quarter, topping the consensus estimate of $0.55 by $0.38. Kelly Services had a return on equity of 6.50% and a net margin of 0.75%. The business had revenue of $1.23 billion for the quarter, compared to the consensus estimate of $1.22 billion. During the same period in the previous year, the company posted $0.18 earnings per share. The company’s revenue for the quarter was down .1% compared to the same quarter last year. On average, equities research analysts predict that Kelly Services, Inc. will post 1.78 EPS for the current year.

Kelly Services Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 13th. Stockholders of record on Tuesday, February 27th were paid a $0.075 dividend. This represents a $0.30 annualized dividend and a dividend yield of 1.28%. The ex-dividend date of this dividend was Monday, February 26th. Kelly Services’s dividend payout ratio is currently 30.61%.

Insider Transactions at Kelly Services

In other news, SVP Timothy L. Dupree sold 12,711 shares of the business’s stock in a transaction on Friday, March 8th. The stock was sold at an average price of $24.98, for a total value of $317,520.78. Following the completion of the transaction, the senior vice president now owns 32,392 shares in the company, valued at $809,152.16. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, SVP Timothy L. Dupree sold 12,711 shares of the business’s stock in a transaction on Friday, March 8th. The stock was sold at an average price of $24.98, for a total value of $317,520.78. Following the completion of the transaction, the senior vice president now owns 32,392 shares in the company, valued at $809,152.16. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Olivier Thirot sold 20,000 shares of the business’s stock in a transaction on Thursday, March 7th. The stock was sold at an average price of $24.07, for a total value of $481,400.00. Following the completion of the transaction, the executive vice president now owns 174,793 shares of the company’s stock, valued at approximately $4,207,267.51. The disclosure for this sale can be found here. Company insiders own 3.50% of the company’s stock.

About Kelly Services

Kelly Services, Inc, together with its subsidiaries, provides workforce solutions to various industries. The company operates through five segments: Professional & Industrial; Science, Engineering & Technology; Education; Outsourcing & Consulting; and International. The Professional & Industrial segment delivers staffing, outcome-based, and permanent placement services providing administrative, accounting, and finance; light industrial; contact center staffing; and other workforce solutions.