Key Points
- Director James Christopher Hunt bought a total of 21,000 shares in three trades (Feb. 18, 20 and 23), spending about $199,580 and boosting his stake 62.59% to 25,976 shares (worth ≈$244,954).
- Kelly Services reported Q‑results with EPS $0.16 (missed consensus by $0.29) but revenue of $1.05B beat estimates; the stock trades near $9.53 (market cap ≈$326M), pays a quarterly dividend of $0.075 (≈3.1% yield), and carries a consensus Hold rating with a $15 average price target.
Kelly Services, Inc. (NASDAQ:KELYA - Get Free Report) Director James Christopher Hunt purchased 10,000 shares of Kelly Services stock in a transaction that occurred on Monday, February 23rd. The shares were bought at an average cost of $9.43 per share, for a total transaction of $94,300.00. Following the completion of the transaction, the director directly owned 25,976 shares in the company, valued at $244,953.68. This represents a 62.59% increase in their position. The purchase 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 Friday, February 20th, James Christopher Hunt acquired 10,000 shares of Kelly Services stock. The stock was purchased at an average cost of $9.57 per share, with a total value of $95,700.00.
- On Wednesday, February 18th, James Christopher Hunt purchased 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 traded up $0.19 during mid-day trading on Thursday, reaching $9.53. The company's stock had a trading volume of 175,041 shares, compared to its average volume of 550,161. The firm has a market cap of $325.94 million, a price-to-earnings ratio of -1.31, a PEG ratio of 0.68 and a beta of 0.79. Kelly Services, Inc. has a twelve month low of $7.98 and a twelve month high of $14.94. The business has a 50 day moving average price of $9.66 and a 200-day moving average price of $11.03. The company has a current ratio of 1.54, a quick ratio of 1.54 and a debt-to-equity ratio of 0.10.
Kelly Services (NASDAQ:KELYA - Get Free Report) last posted its quarterly earnings results on Thursday, February 12th. The business services provider reported $0.16 EPS for the quarter, missing the consensus estimate of $0.45 by ($0.29). Kelly Services had a negative net margin of 5.98% and a positive return on equity of 4.05%. The business had revenue of $1.05 billion during the quarter, compared to analyst estimates of $1.03 billion. Sell-side 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. Investors of record on Wednesday, February 25th will be issued a $0.075 dividend. This represents a $0.30 dividend on an annualized basis and a yield of 3.1%. The ex-dividend date of this dividend is Wednesday, February 25th. Kelly Services's dividend payout ratio is -4.13%.
Hedge Funds Weigh In On Kelly Services
Several institutional investors and hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. lifted its position in shares of 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 worth $27,176,000 after purchasing an additional 151,655 shares in the last quarter. Boston Partners grew its holdings in shares of 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 in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of Kelly Services by 39.9% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,908,900 shares of the business services provider's stock worth $16,798,000 after acquiring an additional 544,309 shares in the last quarter. Private Management Group Inc. boosted its position in Kelly Services by 101.8% during the fourth quarter. Private Management Group Inc. now owns 1,268,649 shares of the business services provider's stock valued at $11,164,000 after purchasing an additional 640,076 shares during the last quarter. Finally, Millennium Management LLC grew its stake in Kelly Services by 8.5% in the first quarter. Millennium Management LLC now owns 1,188,264 shares of the business services provider's stock valued at $15,649,000 after purchasing an additional 93,026 shares in the last quarter. Hedge funds and other institutional investors own 76.34% of the company's stock.
Analyst Ratings Changes
KELYA has been the topic of several research reports. Barrington Research dropped their price target 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. Zacks Research cut shares of Kelly Services from a "hold" rating to a "strong sell" rating in a report on Wednesday, February 18th. Wall Street Zen raised Kelly Services from a "sell" rating to a "hold" rating in a report on Sunday. Finally, Weiss Ratings reissued a "sell (d)" rating on shares of Kelly Services in a research note on Thursday, January 22nd. Two research analysts have rated the stock with a Buy rating and two have issued a Sell rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $15.00.
View Our Latest Stock Report on Kelly Services
Kelly Services Company Profile
(
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.
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