Key Points
- Director James Christopher Hunt bought 10,000 shares on Feb. 20 at an average price of $9.57 (≈$95,700), increasing his holdings to 15,976 shares — a 167.34% rise in ownership.
- Kelly Services missed earnings, reporting EPS of $0.16 vs. the $0.45 consensus while revenue came in at $1.05B (vs. $1.03B); the company has a negative net margin of 5.98% despite a positive ROE of 4.05%.
- Quarterly dividend announced of $0.075 per share (annualized $0.30), payable March 11 with an ex-dividend date of Feb. 25, implying a yield of about 3.2%.
Kelly Services, Inc. (NASDAQ:KELYA - Get Free Report) Director James Christopher Hunt acquired 10,000 shares of the business's stock in a transaction dated Friday, February 20th. The shares were purchased 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 of the company's stock, valued at approximately $152,890.32. This represents a 167.34% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available through this link.
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 stock was purchased at an average price of $9.58 per share, for a total transaction of $9,580.00.
Kelly Services Stock Performance
NASDAQ KELYA opened at $9.35 on Wednesday. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.54 and a quick ratio of 1.54. Kelly Services, Inc. has a 1-year low of $7.98 and a 1-year high of $14.94. The business has a 50 day simple moving average of $9.66 and a two-hundred day simple moving average of $11.04. The stock has a market capitalization of $319.86 million, a PE ratio of -1.29, a P/E/G ratio of 0.68 and a beta of 0.79.
Kelly Services (NASDAQ:KELYA - Get Free Report) 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 the consensus estimate 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 firm had revenue of $1.05 billion for the quarter, compared to analysts' expectations of $1.03 billion. On average, research analysts predict that Kelly Services, Inc. will post 2.45 EPS for the current fiscal year.
Kelly Services Dividend Announcement
The firm also recently disclosed 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 is Wednesday, February 25th. This represents a $0.30 annualized dividend and a yield of 3.2%. Kelly Services's dividend payout ratio (DPR) is -4.13%.
Institutional Trading of Kelly Services
Several institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its stake in shares of Kelly Services by 7.9% during 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 boosted its holdings in Kelly Services by 0.4% during the 3rd quarter. Boston Partners now owns 2,051,499 shares of the business services provider's stock valued at $26,908,000 after acquiring an additional 9,020 shares during the period. Charles Schwab Investment Management Inc. grew 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 acquiring an additional 544,309 shares during the last quarter. Private Management Group Inc. increased its stake in Kelly Services by 101.8% in the fourth 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 lifted its position in shares of Kelly Services by 8.5% during the first 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. Institutional investors own 76.34% of the company's stock.
Analyst Ratings Changes
A number of research analysts recently commented on the stock. Barrington Research lowered their price target on shares of Kelly Services from $16.00 to $15.00 and set an "outperform" rating for the company in a report on Friday, February 13th. Weiss Ratings reissued a "sell (d)" rating on shares of Kelly Services in a research note on Thursday, January 22nd. Wall Street Zen raised Kelly Services from a "sell" rating to a "hold" rating in a research note on Sunday. Finally, Zacks Research downgraded Kelly Services from a "hold" rating to a "strong sell" rating in a research report on Wednesday, February 18th. Two analysts have rated the stock with a Buy rating and two have given a Sell rating to the stock. Based on data from MarketBeat, Kelly Services has a consensus rating of "Hold" and an average price target of $15.00.
Read Our Latest Research Report on Kelly Services
About Kelly Services
(
Get Free Report)
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.
Further Reading
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