Kelly Services (NASDAQ:KELYA) EVP Vanessa Peterson Williams Sells 29,999 Shares

Kelly Services, Inc. (NASDAQ:KELYA) EVP Vanessa Peterson Williams sold 29,999 shares of the stock in a transaction dated Thursday, May 14th. The shares were sold at an average price of $9.78, for a total transaction of $293,390.22. Following the transaction, the executive vice president directly owned 82,355 shares of the company’s stock, valued at $805,431.90. This trade represents a 26.70% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Kelly Services Price Performance

Shares of KELYA traded down $0.21 during midday trading on Friday, hitting $9.60. 683,862 shares of the company traded hands, compared to its average volume of 458,030. The firm has a 50 day moving average of $9.15 and a 200-day moving average of $9.38. Kelly Services, Inc. has a 52 week low of $7.98 and a 52 week high of $14.94. The stock has a market cap of $328.42 million, a price-to-earnings ratio of -1.26, a PEG ratio of 0.74 and a beta of 0.79. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.59 and a current ratio of 1.59.

Kelly Services (NASDAQ:KELYA) last released its quarterly earnings data on Thursday, May 7th. The business services provider reported $0.03 EPS for the quarter, missing the consensus estimate of $0.07 by ($0.04). Kelly Services had a negative net margin of 6.44% and a positive return on equity of 3.07%. The company had revenue of $1.04 billion for the quarter, compared to the consensus estimate of $1.02 billion. On average, analysts forecast that Kelly Services, Inc. will post 1.01 EPS for the current fiscal year.

Kelly Services Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 2nd. Stockholders of record on Monday, May 18th will be given a dividend of $0.075 per share. This represents a $0.30 annualized dividend and a dividend yield of 3.1%. The ex-dividend date is Monday, May 18th. Kelly Services’s dividend payout ratio is currently -3.95%.

Institutional Trading of Kelly Services

Several hedge funds have recently made changes to their positions in the business. Renaissance Technologies LLC raised its position in shares of Kelly Services by 18.9% during the 1st quarter. Renaissance Technologies LLC now owns 113,302 shares of the business services provider’s stock valued at $1,003,000 after buying an additional 17,994 shares in the last quarter. Public Employees Retirement System of Ohio raised its position in Kelly Services by 13.8% in the 1st quarter. Public Employees Retirement System of Ohio now owns 36,579 shares of the business services provider’s stock worth $324,000 after purchasing an additional 4,430 shares during the period. Sei Investments Co. raised its position in Kelly Services by 90.5% in the 1st quarter. Sei Investments Co. now owns 94,916 shares of the business services provider’s stock worth $840,000 after purchasing an additional 45,097 shares during the period. State of Wyoming raised its position in Kelly Services by 106.0% in the 1st quarter. State of Wyoming now owns 28,530 shares of the business services provider’s stock worth $252,000 after purchasing an additional 14,678 shares during the period. Finally, Cetera Investment Advisers raised its position in Kelly Services by 80.3% in the 1st quarter. Cetera Investment Advisers now owns 19,127 shares of the business services provider’s stock worth $169,000 after purchasing an additional 8,517 shares during the period. 76.34% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have recently issued reports on the stock. Zacks Research upgraded shares of Kelly Services from a “strong sell” rating to a “hold” rating in a research report on Monday, April 20th. Barrington Research decreased their target price on shares of Kelly Services from $16.00 to $15.00 and set an “outperform” rating on the stock in a research report on Friday, February 13th. Weiss Ratings cut shares of Kelly Services from a “sell (d)” rating to a “sell (d-)” rating in a research report on Monday. Finally, Wall Street Zen upgraded shares of Kelly Services from a “sell” rating to a “hold” rating in a research report on Sunday, February 22nd. Two investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $15.00.

Kelly Services Company Profile

Kelly Services, Inc is a global workforce solutions provider specializing in talent acquisition and staffing services across a wide range of industries. The company offers temporary staffing, permanent placement, outsourcing solutions, and consulting services to help organizations address their workforce needs. Its service offerings are designed to support clients in areas such as administrative support, information technology, engineering, science, education, healthcare, and industrial sectors.

Founded in 1946 by William Russell Kelly, Kelly Services has grown from a small local staffing firm into an international organization.