Kelly Services, Inc. (KELYA) Insider Sells $119,448.00 in Stock

Kelly Services, Inc. (NASDAQ:KELYA) insider Olivier Thirot sold 5,400 shares of Kelly Services stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $22.12, for a total value of $119,448.00. Following the completion of the transaction, the insider now owns 73,802 shares of the company’s stock, valued at $1,632,500.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

KELYA stock traded down $0.33 during midday trading on Friday, reaching $21.87. The company had a trading volume of 305,500 shares, compared to its average volume of 107,988. Kelly Services, Inc. has a fifty-two week low of $19.21 and a fifty-two week high of $32.31. The company has a market cap of $866.41 million, a P/E ratio of 9.63 and a beta of 0.83.

Kelly Services (NASDAQ:KELYA) last issued its earnings results on Wednesday, February 13th. The business services provider reported $0.87 EPS for the quarter, beating the Zacks’ consensus estimate of $0.80 by $0.07. Kelly Services had a return on equity of 7.64% and a net margin of 0.42%. The company had revenue of $1.41 billion during the quarter, compared to the consensus estimate of $1.42 billion. During the same period in the previous year, the firm posted $0.80 earnings per share. Kelly Services’s quarterly revenue was down .5% compared to the same quarter last year. As a group, analysts anticipate that Kelly Services, Inc. will post 2.35 earnings per share for the current fiscal year.



The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 11th. Stockholders of record on Monday, February 25th were given a dividend of $0.075 per share. The ex-dividend date was Friday, February 22nd. This represents a $0.30 annualized dividend and a dividend yield of 1.37%. Kelly Services’s dividend payout ratio is presently 13.22%.

Hedge funds and other institutional investors have recently modified their holdings of the company. Man Group plc boosted its position in shares of Kelly Services by 45.0% during the third quarter. Man Group plc now owns 91,850 shares of the business services provider’s stock worth $2,208,000 after buying an additional 28,504 shares during the period. Vanguard Group Inc. boosted its position in shares of Kelly Services by 4.1% during the third quarter. Vanguard Group Inc. now owns 3,093,327 shares of the business services provider’s stock worth $74,333,000 after buying an additional 120,713 shares during the period. Arizona State Retirement System raised its holdings in Kelly Services by 6.3% during the fourth quarter. Arizona State Retirement System now owns 48,021 shares of the business services provider’s stock worth $983,000 after purchasing an additional 2,865 shares in the last quarter. United Services Automobile Association raised its holdings in Kelly Services by 3.9% during the third quarter. United Services Automobile Association now owns 144,670 shares of the business services provider’s stock worth $3,476,000 after purchasing an additional 5,434 shares in the last quarter. Finally, Founders Capital Management bought a new stake in Kelly Services during the fourth quarter worth approximately $51,000. Institutional investors and hedge funds own 65.91% of the company’s stock.

A number of research firms recently commented on KELYA. BidaskClub downgraded Kelly Services from a “hold” rating to a “sell” rating in a research note on Friday. Zacks Investment Research upgraded Kelly Services from a “hold” rating to a “buy” rating and set a $27.00 target price for the company in a research note on Thursday, February 14th. ValuEngine upgraded Kelly Services from a “sell” rating to a “hold” rating in a research note on Wednesday, January 9th. Finally, TheStreet downgraded Kelly Services from a “b” rating to a “c+” rating in a research note on Thursday, February 14th. Three equities research analysts have rated the stock with a sell rating and two have given a buy rating to the stock. Kelly Services presently has an average rating of “Hold” and an average target price of $32.00.

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About Kelly Services

Kelly Services, Inc, together with its subsidiaries, provides workforce solutions to various industries worldwide. The company operates through three segments: Americas Staffing, Global Talent Solutions, and International Staffing. It provides trained employees for data entry, clerical, and administrative support roles across various industries; schools with instructional and non-instructional employees; support staff for seminars, sales, and trade shows; assemblers, quality control inspectors, and technicians for electronic assembly; maintenance workers, material handlers, and assemblers for light industrial works; scientists, and scientific and clinical research workforce solutions; engineering professionals across various disciplines, including aeronautical, chemical, civil/structural, electrical/instrumentation, environmental, industrial, mechanical, petroleum, pharmaceutical, quality, and telecommunications.

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