Daniel H. Malan Purchases 3,500 Shares of Kelly Services, Inc. (NASDAQ:KELYA) Stock

Kelly Services, Inc. (NASDAQ:KELYA) SVP Daniel H. Malan acquired 3,500 shares of the business’s stock in a transaction on Wednesday, November 20th. The shares were bought at an average price of $13.88 per share, with a total value of $48,580.00. Following the completion of the transaction, the senior vice president now directly owns 95,906 shares of the company’s stock, valued at approximately $1,331,175.28. The trade was a 3.79 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

Kelly Services Stock Performance

Shares of NASDAQ:KELYA opened at $13.96 on Thursday. Kelly Services, Inc. has a 12-month low of $13.75 and a 12-month high of $25.27. The company’s 50 day moving average price is $19.56 and its two-hundred day moving average price is $20.85. The firm has a market cap of $497.12 million, a PE ratio of 12.14, a PEG ratio of 0.53 and a beta of 1.20. The company has a quick ratio of 1.61, a current ratio of 1.61 and a debt-to-equity ratio of 0.18.

Kelly Services (NASDAQ:KELYA) last issued its quarterly earnings results on Thursday, November 7th. The business services provider reported $0.21 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.23). The company had revenue of $1.04 billion for the quarter, compared to analyst estimates of $1.07 billion. Kelly Services had a return on equity of 6.93% and a net margin of 0.97%. The company’s quarterly revenue was down 7.1% compared to the same quarter last year. During the same period in the prior year, the company earned $0.50 EPS. Equities research analysts predict that Kelly Services, Inc. will post 2.07 earnings per share for the current year.

Kelly Services Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 4th. Shareholders of record on Wednesday, November 20th will be given a $0.075 dividend. This represents a $0.30 dividend on an annualized basis and a yield of 2.15%. The ex-dividend date is Wednesday, November 20th. Kelly Services’s dividend payout ratio is presently 26.09%.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. Barclays PLC lifted its stake in shares of Kelly Services by 238.0% in the 3rd quarter. Barclays PLC now owns 63,638 shares of the business services provider’s stock valued at $1,362,000 after acquiring an additional 44,811 shares during the last quarter. Hohimer Wealth Management LLC acquired a new position in Kelly Services in the 3rd quarter worth about $243,000. Geode Capital Management LLC raised its position in Kelly Services by 1.2% in the third quarter. Geode Capital Management LLC now owns 781,661 shares of the business services provider’s stock valued at $16,739,000 after purchasing an additional 9,635 shares during the last quarter. Public Employees Retirement System of Ohio boosted its stake in shares of Kelly Services by 8.9% during the third quarter. Public Employees Retirement System of Ohio now owns 29,723 shares of the business services provider’s stock valued at $636,000 after purchasing an additional 2,427 shares in the last quarter. Finally, State Street Corp grew its holdings in shares of Kelly Services by 1.4% during the third quarter. State Street Corp now owns 1,253,704 shares of the business services provider’s stock worth $26,842,000 after purchasing an additional 17,579 shares during the last quarter. Institutional investors and hedge funds own 76.34% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently weighed in on KELYA shares. StockNews.com cut Kelly Services from a “buy” rating to a “hold” rating in a report on Friday, August 9th. Barrington Research dropped their target price on Kelly Services from $29.00 to $25.00 and set an “outperform” rating for the company in a report on Monday.

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.