Kelly Services (NASDAQ:KELYA) Director Purchases $37,200.00 in Stock

Kelly Services, Inc. (NASDAQ:KELYA) Director James Christopher Hunt bought 4,000 shares of the firm’s stock in a transaction that occurred on Wednesday, February 25th. The shares were purchased at an average cost of $9.30 per share, for a total transaction of $37,200.00. Following the purchase, the director owned 29,976 shares in the company, valued at $278,776.80. This represents a 15.40% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.

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

• On Monday, February 23rd, James Christopher Hunt bought 10,000 shares of Kelly Services stock. The stock was purchased at an average cost of $9.43 per share, with a total value of $94,300.00.
• On Friday, February 20th, James Christopher Hunt purchased 10,000 shares of Kelly Services stock. The shares were acquired at an average price of $9.57 per share, for a total transaction of $95,700.00.
• On Wednesday, February 18th, James Christopher Hunt purchased 1,000 shares of Kelly Services stock. The shares were acquired at an average cost of $9.58 per share, for a total transaction of $9,580.00.

Kelly Services Stock Up 3.2%

Shares of NASDAQ KELYA traded up $0.30 during midday trading on Thursday, hitting $9.64. The company’s stock had a trading volume of 411,650 shares, compared to its average volume of 556,764. 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 market capitalization of $329.80 million, a price-to-earnings ratio of -1.33, a price-to-earnings-growth ratio of 0.68 and a beta of 0.79. The business’s fifty day simple moving average is $9.66 and its two-hundred day simple moving average is $11.03. Kelly Services, Inc. has a 1 year low of $7.98 and a 1 year high of $14.94.

Kelly Services (NASDAQ:KELYA) last released its earnings results 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, equities analysts predict that Kelly Services, Inc. will post 2.45 EPS for the current year.

Kelly Services Announces Dividend

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

Analysts Set New Price Targets

A number of research firms have issued reports on KELYA. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Kelly Services in a research report on Thursday, January 22nd. Wall Street Zen upgraded shares of Kelly Services from a “sell” rating to a “hold” rating in a research note on Sunday. Barrington Research reduced their target price on shares of Kelly Services from $16.00 to $15.00 and set an “outperform” rating on the stock in a report on Friday, February 13th. Finally, Zacks Research cut shares of Kelly Services from a “hold” rating to a “strong sell” rating in a report on Wednesday, February 18th. Two analysts have rated the stock with a Buy rating and two have issued a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $15.00.

Institutional Investors Weigh In On Kelly Services

Institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its stake in Kelly Services by 7.9% in the third quarter. Vanguard Group Inc. now owns 2,071,363 shares of the business services provider’s stock valued at $27,176,000 after buying an additional 151,655 shares during the last quarter. Boston Partners raised its position in Kelly Services by 0.4% in the 3rd quarter. Boston Partners now owns 2,051,499 shares of the business services provider’s stock valued at $26,908,000 after purchasing an additional 9,020 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in Kelly Services by 39.9% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,908,900 shares of the business services provider’s stock valued at $16,798,000 after purchasing an additional 544,309 shares during the last quarter. Private Management Group Inc. boosted its stake in Kelly Services by 101.8% during the 4th quarter. Private Management Group Inc. now owns 1,268,649 shares of the business services provider’s stock worth $11,164,000 after purchasing an additional 640,076 shares during the period. Finally, Millennium Management LLC grew its position in Kelly Services by 8.5% during the 1st quarter. Millennium Management LLC now owns 1,188,264 shares of the business services provider’s stock worth $15,649,000 after purchasing an additional 93,026 shares during the last quarter. Hedge funds and other institutional investors own 76.34% of the company’s stock.

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.