Insider Buying: Kelly Services (NASDAQ:KELYA) Director Acquires 10,000 Shares of Stock

Kelly Services, Inc. (NASDAQ:KELYA) Director James Christopher Hunt purchased 10,000 shares of Kelly Services stock in a transaction that occurred on Friday, February 20th. The shares were bought at an average price of $9.57 per share, with a total value of $95,700.00. Following the transaction, the director owned 15,976 shares in the company, valued at approximately $152,890.32. The trade was a 167.34% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website.

James Christopher Hunt also recently made the following trade(s):

• On Wednesday, February 18th, James Christopher Hunt bought 1,000 shares of Kelly Services stock. The shares were purchased at an average cost of $9.58 per share, for a total transaction of $9,580.00.

Kelly Services Stock Performance

Kelly Services stock opened at $9.67 on Tuesday. The stock has a market cap of $330.67 million, a price-to-earnings ratio of -1.34, a price-to-earnings-growth ratio of 0.72 and a beta of 0.79. Kelly Services, Inc. has a 1-year low of $7.98 and a 1-year high of $14.94. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.54 and a quick ratio of 1.54. The firm has a 50 day simple moving average of $9.65 and a 200-day simple moving average of $11.07.

Kelly Services (NASDAQ:KELYA) last issued its quarterly earnings data on Thursday, February 12th. The business services provider reported $0.16 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.29). Kelly Services had a positive return on equity of 4.05% and a negative net margin of 5.98%.The business had revenue of $1.05 billion for the quarter, compared to analyst estimates of $1.03 billion. On average, analysts expect that Kelly Services, Inc. will post 2.45 EPS for the current year.

Kelly Services Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 11th. Shareholders of record on Wednesday, February 25th will be given a dividend of $0.075 per share. The ex-dividend date of this dividend is Wednesday, February 25th. This represents a $0.30 annualized dividend and a yield of 3.1%. Kelly Services’s dividend payout ratio (DPR) is presently -4.13%.

Wall Street Analyst Weigh In

Several equities analysts recently commented on KELYA shares. Barrington Research reduced their price target on Kelly Services from $16.00 to $15.00 and set an “outperform” rating on the stock in a research report on Friday, February 13th. Wall Street Zen raised Kelly Services from a “sell” rating to a “hold” rating in a report on Sunday. Zacks Research cut Kelly Services from a “hold” rating to a “strong sell” rating in a report on Wednesday, February 18th. Finally, Weiss Ratings restated a “sell (d)” rating on shares of Kelly Services in a report on Thursday, January 22nd. Two equities research analysts have rated the stock with a Buy rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $15.00.

Hedge Funds Weigh In On Kelly Services

Hedge funds and other institutional investors have recently made changes to their positions in the company. Quarry LP increased its holdings in shares of Kelly Services by 173.2% during the 3rd quarter. Quarry LP now owns 1,970 shares of the business services provider’s stock worth $26,000 after acquiring an additional 1,249 shares during the last quarter. Versant Capital Management Inc grew its position in shares of Kelly Services by 52.0% during the 3rd quarter. Versant Capital Management Inc now owns 3,006 shares of the business services provider’s stock worth $39,000 after purchasing an additional 1,028 shares in the last quarter. GAMMA Investing LLC grew its holdings in shares of Kelly Services by 175.4% during the 3rd quarter. GAMMA Investing LLC now owns 3,385 shares of the business services provider’s stock valued at $44,000 after purchasing an additional 2,156 shares during the last quarter. CANADA LIFE ASSURANCE Co bought a new position in Kelly Services in the 4th quarter valued at approximately $30,000. Finally, Tower Research Capital LLC TRC boosted its position in Kelly Services by 83.5% in the second quarter. Tower Research Capital LLC TRC now owns 4,324 shares of the business services provider’s stock valued at $51,000 after buying an additional 1,967 shares in the last quarter. 76.34% of the stock is owned by institutional investors.

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.