Kelly Services, Inc. (NASDAQ:KELYA) insider James Polehna sold 1,784 shares of Kelly Services stock in a transaction on Wednesday, August 14th. The shares were sold at an average price of $27.42, for a total transaction of $48,917.28. Following the completion of the transaction, the insider now directly owns 21,399 shares in the company, valued at $586,760.58. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.
NASDAQ:KELYA traded up $0.61 during midday trading on Friday, reaching $27.74. The stock had a trading volume of 3,049 shares, compared to its average volume of 170,154. The firm has a fifty day simple moving average of $26.95 and a two-hundred day simple moving average of $24.44. Kelly Services, Inc. has a 12-month low of $19.21 and a 12-month high of $28.91. The company has a quick ratio of 1.50, a current ratio of 1.50 and a debt-to-equity ratio of 0.04. The stock has a market cap of $1.09 billion, a P/E ratio of 12.15 and a beta of 0.76.
Kelly Services (NASDAQ:KELYA) last posted its quarterly earnings data on Wednesday, August 7th. The business services provider reported $0.72 earnings per share for the quarter, beating analysts’ consensus estimates of $0.56 by $0.16. Kelly Services had a net margin of 2.09% and a return on equity of 8.41%. The firm had revenue of $1.37 billion for the quarter, compared to analyst estimates of $1.42 billion. During the same period last year, the firm posted $0.54 EPS. Kelly Services’s quarterly revenue was down 1.4% on a year-over-year basis. On average, sell-side analysts anticipate that Kelly Services, Inc. will post 2.28 earnings per share for the current fiscal year.
A number of equities analysts have recently commented on KELYA shares. Noble Financial started coverage on shares of Kelly Services in a report on Tuesday, July 30th. They issued an “outperform” rating and a $32.00 target price on the stock. Zacks Investment Research cut shares of Kelly Services from a “hold” rating to a “sell” rating in a report on Tuesday. BidaskClub raised shares of Kelly Services from a “buy” rating to a “strong-buy” rating in a report on Friday, August 9th. ValuEngine raised shares of Kelly Services from a “sell” rating to a “hold” rating in a report on Tuesday, May 7th. Finally, TheStreet raised shares of Kelly Services from a “c+” rating to a “b” rating in a report on Monday, May 6th. One investment analyst has rated the stock with a sell rating, one has given a hold rating, two have issued a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $32.33.
Large investors have recently bought and sold shares of the stock. Quantamental Technologies LLC purchased a new stake in shares of Kelly Services during the 2nd quarter worth $35,000. Panagora Asset Management Inc. boosted its position in shares of Kelly Services by 20.6% during the 2nd quarter. Panagora Asset Management Inc. now owns 3,618 shares of the business services provider’s stock worth $95,000 after purchasing an additional 618 shares in the last quarter. Nisa Investment Advisors LLC boosted its position in shares of Kelly Services by 22.5% during the 2nd quarter. Nisa Investment Advisors LLC now owns 4,900 shares of the business services provider’s stock worth $128,000 after purchasing an additional 900 shares in the last quarter. Meeder Asset Management Inc. boosted its position in shares of Kelly Services by 60.8% during the 1st quarter. Meeder Asset Management Inc. now owns 6,343 shares of the business services provider’s stock worth $139,000 after purchasing an additional 2,398 shares in the last quarter. Finally, Bank of Montreal Can boosted its position in shares of Kelly Services by 104.5% during the 2nd quarter. Bank of Montreal Can now owns 5,485 shares of the business services provider’s stock worth $143,000 after purchasing an additional 2,803 shares in the last quarter. Hedge funds and other institutional investors own 66.50% of the company’s stock.
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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