Kelly Services, Inc. (NASDAQ:KELYA) CEO George S. Corona sold 3,000 shares of the business’s stock in a transaction that occurred on Monday, November 13th. The shares were sold at an average price of $28.06, for a total value of $84,180.00. Following the completion of the sale, the chief executive officer now directly owns 193,473 shares in the company, valued at approximately $5,428,852.38. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Kelly Services, Inc. (KELYA) traded up $0.88 during trading on Tuesday, hitting $29.05. The stock had a trading volume of 360,500 shares, compared to its average volume of 124,016. Kelly Services, Inc. has a 1-year low of $19.50 and a 1-year high of $29.30. The stock has a market capitalization of $1,079.14, a price-to-earnings ratio of 14.45 and a beta of 1.06.
Kelly Services (NASDAQ:KELYA) last posted its quarterly earnings data on Wednesday, November 8th. The business services provider reported $0.58 earnings per share for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $1.30 billion. During the same quarter in the prior year, the company earned $0.44 earnings per share. The company’s revenue was up 6.5% on a year-over-year basis. equities research analysts predict that Kelly Services, Inc. will post 2.04 earnings per share for the current fiscal year.
The business also recently disclosed 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. This represents a $0.30 dividend on an annualized basis and a dividend yield of 1.03%. The ex-dividend date of this dividend is Tuesday, November 21st. Kelly Services’s dividend payout ratio is currently 15.71%.
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A number of brokerages have issued reports on KELYA. BidaskClub lowered Kelly Services from a “sell” rating to a “strong sell” rating in a research report on Monday, July 31st. ValuEngine raised Kelly Services from a “hold” rating to a “buy” rating in a research report on Friday, August 11th. Finally, Zacks Investment Research raised Kelly Services from a “hold” rating to a “buy” rating and set a $24.00 target price on the stock in a research report on Friday, August 11th.
Institutional investors have recently bought and sold shares of the company. SG Americas Securities LLC purchased a new stake in shares of Kelly Services during the second quarter worth $117,000. State of Alaska Department of Revenue grew its stake in shares of Kelly Services by 77.4% during the second quarter. State of Alaska Department of Revenue now owns 5,731 shares of the business services provider’s stock worth $128,000 after purchasing an additional 2,501 shares in the last quarter. Victory Capital Management Inc. grew its stake in shares of Kelly Services by 17.6% during the second quarter. Victory Capital Management Inc. now owns 8,484 shares of the business services provider’s stock worth $190,000 after purchasing an additional 1,271 shares in the last quarter. Macquarie Group Ltd. acquired a new position in shares of Kelly Services during the third quarter worth $218,000. Finally, First Quadrant L P CA acquired a new position in shares of Kelly Services during the second quarter worth $242,000. 66.63% of the stock is currently owned by institutional investors and hedge funds.
Kelly Services Company Profile
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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