Key Points
- Kelly Services EVP Vanessa Peterson Williams sold 29,999 shares on May 14 at an average price of $9.78, totaling about $293,390. After the sale, she still held 82,355 shares, a 26.7% reduction in her stake.
- The company recently reported quarterly earnings of $0.03 per share, missing estimates, though revenue of $1.04 billion came in above expectations. Analysts currently expect Kelly Services to earn $1.01 per share for the full year.
- Kelly Services also announced a quarterly dividend of $0.075 per share, equal to a 3.1% annualized yield. Meanwhile, analysts’ consensus rating remains Hold with an average target price of $15.00.
Kelly Services, Inc. (NASDAQ:KELYA - Get Free Report) EVP Vanessa Peterson Williams sold 29,999 shares of Kelly Services stock in a transaction on Thursday, May 14th. The shares were sold at an average price of $9.78, for a total value of $293,390.22. Following the transaction, the executive vice president owned 82,355 shares in the company, valued at $805,431.90. This trade represents a 26.70% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link.
Kelly Services Price Performance
NASDAQ KELYA opened at $9.60 on Friday. The company has a market capitalization of $328.44 million, a PE ratio of -1.26, a price-to-earnings-growth ratio of 0.74 and a beta of 0.79. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.59 and a current ratio of 1.59. The business's fifty day moving average is $9.15 and its 200 day moving average is $9.38. Kelly Services, Inc. has a fifty-two week low of $7.98 and a fifty-two week high of $14.94.
Kelly Services (NASDAQ:KELYA - Get Free Report) last released its earnings results on Thursday, May 7th. The business services provider reported $0.03 earnings per share for the quarter, missing the consensus estimate of $0.07 by ($0.04). The company had revenue of $1.04 billion for the quarter, compared to analysts' expectations of $1.02 billion. Kelly Services had a negative net margin of 6.44% and a positive return on equity of 3.07%. Sell-side analysts predict that Kelly Services, Inc. will post 1.01 earnings per share for the current year.
Kelly Services Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 2nd. Investors of record on Monday, May 18th will be given a dividend of $0.075 per share. The ex-dividend date is Monday, May 18th. This represents a $0.30 annualized dividend and a yield of 3.1%. Kelly Services's payout ratio is -3.95%.
Analyst Ratings Changes
Several research firms recently weighed in on KELYA. Weiss Ratings downgraded Kelly Services from a "sell (d)" rating to a "sell (d-)" rating in a research report on Monday. Wall Street Zen upgraded Kelly Services from a "sell" rating to a "hold" rating in a research report on Sunday, February 22nd. Barrington Research lowered their price objective 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. Finally, Zacks Research upgraded Kelly Services from a "strong sell" rating to a "hold" rating in a research report on Monday, April 20th. Two equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $15.00.
Check Out Our Latest Analysis on KELYA
Hedge Funds Weigh In On Kelly Services
Several large investors have recently made changes to their positions in KELYA. AQR Capital Management LLC lifted its position in shares of Kelly Services by 24.3% in the first quarter. AQR Capital Management LLC now owns 373,269 shares of the business services provider's stock valued at $4,916,000 after acquiring an additional 73,040 shares in the last quarter. Millennium Management LLC lifted its position in shares of 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 acquiring an additional 93,026 shares in the last quarter. Empowered Funds LLC lifted its position in shares of Kelly Services by 4.2% in the first quarter. Empowered Funds LLC now owns 214,829 shares of the business services provider's stock valued at $2,829,000 after acquiring an additional 8,562 shares in the last quarter. Quantbot Technologies LP lifted its position in shares of Kelly Services by 16.0% in the second quarter. Quantbot Technologies LP now owns 29,357 shares of the business services provider's stock worth $344,000 after buying an additional 4,043 shares in the last quarter. Finally, Invesco Ltd. lifted its position in shares of Kelly Services by 1.5% in the second quarter. Invesco Ltd. now owns 472,191 shares of the business services provider's stock worth $5,529,000 after buying an additional 6,876 shares in the last quarter. 76.34% of the stock is currently owned by hedge funds and other institutional investors.
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.
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