Kelly Services, Inc. (NASDAQ:KELYA) Director Jane E. Dutton sold 6,900 shares of the firm’s stock in a transaction on Thursday, November 30th. The stock was sold at an average price of $29.05, for a total value of $200,445.00. Following the completion of the sale, the director now owns 24,180 shares of the company’s stock, valued at $702,429. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Shares of Kelly Services, Inc. (KELYA) opened at $29.02 on Wednesday. Kelly Services, Inc. has a 52-week low of $20.27 and a 52-week high of $30.93. The firm has a market capitalization of $1,116.63, a price-to-earnings ratio of 14.90 and a beta of 1.10.
Kelly Services (NASDAQ:KELYA) last released its earnings results on Wednesday, November 8th. The business services provider reported $0.58 earnings per share for the quarter, topping the consensus estimate of $0.31 by $0.27. Kelly Services had a return on equity of 7.25% and a net margin of 1.44%. The business had revenue of $1.33 billion during the quarter, compared to the consensus estimate of $1.30 billion. During the same period last year, the company earned $0.44 earnings per share. The business’s revenue for the quarter was up 6.5% compared to the same quarter last year. equities analysts expect that Kelly Services, Inc. will post 2.04 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 7th. Stockholders of record on Wednesday, November 22nd will be given a dividend of $0.075 per share. The ex-dividend date is Tuesday, November 21st. This represents a $0.30 annualized dividend and a dividend yield of 1.03%. Kelly Services’s dividend payout ratio (DPR) is 15.71%.
KELYA has been the subject of a number of analyst reports. Zacks Investment Research upgraded Kelly Services from a “hold” rating to a “strong-buy” rating and set a $32.00 price target for the company in a research report on Tuesday, November 14th. BidaskClub downgraded Kelly Services from a “sell” rating to a “strong sell” rating in a research report on Monday, August 14th. Finally, ValuEngine upgraded Kelly Services from a “hold” rating to a “buy” rating in a research report on Friday, August 11th.
Large investors have recently added to or reduced their stakes in the company. SG Americas Securities LLC bought a new stake in shares of Kelly Services in the second quarter valued at about $117,000. State of Alaska Department of Revenue raised its holdings in shares of Kelly Services by 77.4% in the second quarter. State of Alaska Department of Revenue now owns 5,731 shares of the business services provider’s stock valued at $128,000 after acquiring an additional 2,501 shares in the last quarter. Victory Capital Management Inc. raised its holdings in shares of Kelly Services by 17.6% in the second quarter. Victory Capital Management Inc. now owns 8,484 shares of the business services provider’s stock valued at $190,000 after acquiring an additional 1,271 shares in the last quarter. Macquarie Group Ltd. bought a new stake in shares of Kelly Services in the third quarter valued at about $218,000. Finally, BNP Paribas Arbitrage SA raised its holdings in shares of Kelly Services by 49.1% in the second quarter. BNP Paribas Arbitrage SA now owns 12,079 shares of the business services provider’s stock valued at $271,000 after acquiring an additional 3,976 shares in the last quarter. Institutional investors and hedge funds own 66.11% of the company’s stock.
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About Kelly Services
Kelly Services, Inc is a workforce solutions provider, which is engaged in offering a range of specialty services. The Company provides workforce solutions in three regions: the Americas; Europe, the Middle East and Africa (EMEA), and Asia Pacific (APAC). The Company’s segments are Americas Commercial, Americas Professional and Technical (Americas PT), EMEA Commercial, EMEA Professional and Technical (EMEA PT), and Outsourcing and Consulting Group (OCG).
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