Court Place Advisors LLC Has $302,000 Stake in Kelly Services Inc. (KELYA)
Court Place Advisors LLC maintained its position in Kelly Services Inc. (NASDAQ:KELYA) during the second quarter, Holdings Channel reports. The firm owned 15,900 shares of the company’s stock at the end of the second quarter. Court Place Advisors LLC’s holdings in Kelly Services were worth $302,000 at the end of the most recent reporting period.
A number of other institutional investors also recently added to or reduced their stakes in the company. Springbok Capital Management LLC boosted its position in Kelly Services by 272.5% in the first quarter. Springbok Capital Management LLC now owns 6,996 shares of the company’s stock worth $134,000 after buying an additional 5,118 shares in the last quarter. Bank of Montreal Can bought a new position in Kelly Services during the second quarter worth approximately $153,000. BNP Paribas Arbitrage SA boosted its position in Kelly Services by 109.3% in the second quarter. BNP Paribas Arbitrage SA now owns 9,272 shares of the company’s stock worth $176,000 after buying an additional 4,842 shares in the last quarter. C M Bidwell & Associates Ltd. bought a new position in Kelly Services during the first quarter worth approximately $207,000. Finally, Arizona State Retirement System boosted its position in Kelly Services by 3.4% in the first quarter. Arizona State Retirement System now owns 15,160 shares of the company’s stock worth $290,000 after buying an additional 500 shares in the last quarter. 65.03% of the stock is owned by institutional investors and hedge funds.
Shares of Kelly Services Inc. (NASDAQ:KELYA) remained flat at $18.41 during midday trading on Tuesday. 55,409 shares of the company’s stock traded hands. The stock’s 50-day moving average is $19.31 and its 200-day moving average is $19.11. Kelly Services Inc. has a one year low of $13.67 and a one year high of $20.98. The company has a market capitalization of $701.29 million, a P/E ratio of 11.32 and a beta of 1.89.
Kelly Services (NASDAQ:KELYA) last posted its quarterly earnings data on Wednesday, August 10th. The company reported $0.29 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.31 by $0.02. The business earned $1.38 billion during the quarter, compared to analysts’ expectations of $1.39 billion. Kelly Services had a return on equity of 7.03% and a net margin of 1.14%. The business’s quarterly revenue was down .7% compared to the same quarter last year. During the same period in the previous year, the business posted $0.18 EPS. On average, equities research analysts forecast that Kelly Services Inc. will post $1.57 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 2nd. Investors of record on Tuesday, August 23rd were issued a $0.075 dividend. This represents a $0.30 dividend on an annualized basis and a dividend yield of 1.63%. The ex-dividend date was Friday, August 19th. Kelly Services’s payout ratio is 18.41%.
Separately, Zacks Investment Research raised shares of Kelly Services from a “sell” rating to a “hold” rating in a research note on Wednesday, July 13th.
In other Kelly Services news, VP George S. Corona sold 10,000 shares of Kelly Services stock in a transaction that occurred on Monday, August 29th. The shares were sold at an average price of $19.41, for a total transaction of $194,100.00. Following the transaction, the vice president now owns 238,436 shares of the company’s stock, valued at $4,628,042.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Steven Shelby Armstrong sold 18,000 shares of Kelly Services stock in a transaction that occurred on Wednesday, September 7th. The shares were sold at an average price of $19.36, for a total transaction of $348,480.00. Following the transaction, the insider now directly owns 42,335 shares in the company, valued at approximately $819,605.60. The disclosure for this sale can be found here. 16.10% of the stock is currently owned by corporate insiders.
About Kelly Services
Kelly Services, Inc is a workforce solutions provider. The Company provides workforce solutions in over three regions: the Americas; Europe, the Middle East and Africa (EMEA), and Asia Pacific (APAC). It operates in seven segments: Americas Commercial, Americas Professional and Technical (Americas PT), EMEA Commercial, EMEA Professional and Technical (EMEA PT), APAC Commercial, APAC Professional and Technical (APAC PT), and Outsourcing and Consulting Group (OCG).
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