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.
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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