Nisa Investment Advisors LLC Sells 1,410 Shares of Kelly Services, Inc. (NASDAQ:KELYA)

Nisa Investment Advisors LLC lessened its stake in shares of Kelly Services, Inc. (NASDAQ:KELYA) by 12.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,843 shares of the business services provider’s stock after selling 1,410 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Kelly Services were worth $213,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Vanguard Group Inc. increased its holdings in Kelly Services by 3.0% during the 3rd quarter. Vanguard Group Inc. now owns 3,659,949 shares of the business services provider’s stock valued at $49,739,000 after purchasing an additional 107,704 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in Kelly Services by 2.5% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,715,657 shares of the business services provider’s stock valued at $45,052,000 after purchasing an additional 67,363 shares in the last quarter. Invesco Ltd. increased its holdings in Kelly Services by 3.6% during the 3rd quarter. Invesco Ltd. now owns 1,491,736 shares of the business services provider’s stock valued at $27,135,000 after purchasing an additional 51,283 shares in the last quarter. State Street Corp increased its holdings in Kelly Services by 0.9% during the 1st quarter. State Street Corp now owns 1,449,856 shares of the business services provider’s stock valued at $24,053,000 after purchasing an additional 13,004 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its holdings in Kelly Services by 5.7% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,308,682 shares of the business services provider’s stock valued at $21,711,000 after purchasing an additional 70,969 shares in the last quarter. Institutional investors own 76.34% of the company’s stock.

Kelly Services Stock Performance

NASDAQ KELYA opened at $23.71 on Friday. The stock has a fifty day moving average of $23.89 and a 200-day moving average of $21.47. The stock has a market capitalization of $836.73 million, a P/E ratio of 24.19, a price-to-earnings-growth ratio of 1.00 and a beta of 1.18. Kelly Services, Inc. has a 52 week low of $15.53 and a 52 week high of $25.27.

Kelly Services (NASDAQ:KELYA) last released its earnings results on Thursday, February 15th. The business services provider reported $0.93 EPS for the quarter, beating the consensus estimate of $0.55 by $0.38. The company had revenue of $1.23 billion during the quarter, compared to analysts’ expectations of $1.22 billion. Kelly Services had a return on equity of 6.50% and a net margin of 0.75%. The business’s revenue for the quarter was down .1% on a year-over-year basis. During the same period last year, the firm earned $0.18 EPS. Equities research analysts forecast that Kelly Services, Inc. will post 1.78 earnings per share for the current fiscal year.

Kelly Services Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 13th. Stockholders of record on Tuesday, February 27th were paid a $0.075 dividend. The ex-dividend date of this dividend was Monday, February 26th. This represents a $0.30 annualized dividend and a dividend yield of 1.27%. Kelly Services’s dividend payout ratio (DPR) is currently 30.61%.

Insider Activity

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

Kelly Services Company Profile

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.