Kelly Services, Inc. (NASDAQ:KELYA) SVP Purchases $48,580.00 in Stock

Kelly Services, Inc. (NASDAQ:KELYA) SVP Daniel H. Malan bought 3,500 shares of the firm’s stock in a transaction on Wednesday, November 20th. The stock was purchased at an average price of $13.88 per share, with a total value of $48,580.00. Following the transaction, the senior vice president now owns 95,906 shares in the company, valued at $1,331,175.28. The trade was a 3.79 % increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link.

Kelly Services Price Performance

Shares of NASDAQ:KELYA opened at $14.40 on Friday. The stock has a market cap of $512.78 million, a price-to-earnings ratio of 12.52, a PEG ratio of 0.55 and a beta of 1.20. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.61 and a quick ratio of 1.61. Kelly Services, Inc. has a 12 month low of $13.71 and a 12 month high of $25.27. The stock’s 50 day moving average price is $19.42 and its 200 day moving average price is $20.80.

Kelly Services (NASDAQ:KELYA) last posted its quarterly earnings data on Thursday, November 7th. The business services provider reported $0.21 EPS for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.23). Kelly Services had a return on equity of 6.93% and a net margin of 0.97%. The firm had revenue of $1.04 billion during the quarter, compared to the consensus estimate of $1.07 billion. During the same period in the prior year, the firm posted $0.50 EPS. The firm’s quarterly revenue was down 7.1% on a year-over-year basis. Equities research analysts anticipate that Kelly Services, Inc. will post 1.93 earnings per share for the current fiscal year.

Kelly Services Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 4th. Stockholders of record on Wednesday, November 20th will be given a dividend of $0.075 per share. The ex-dividend date of this dividend is Wednesday, November 20th. This represents a $0.30 annualized dividend and a dividend yield of 2.08%. Kelly Services’s dividend payout ratio (DPR) is 26.09%.

Institutional Trading of Kelly Services

A number of large investors have recently added to or reduced their stakes in the business. Boston Partners purchased a new stake in Kelly Services during the first quarter valued at about $18,618,000. Pacer Advisors Inc. grew its holdings in shares of Kelly Services by 45.7% during the 3rd quarter. Pacer Advisors Inc. now owns 1,211,791 shares of the business services provider’s stock valued at $25,944,000 after acquiring an additional 380,035 shares in the last quarter. Allspring Global Investments Holdings LLC increased its stake in shares of Kelly Services by 1,730.6% in the third quarter. Allspring Global Investments Holdings LLC now owns 234,057 shares of the business services provider’s stock worth $5,011,000 after acquiring an additional 221,271 shares during the last quarter. American Century Companies Inc. raised its holdings in shares of Kelly Services by 35.9% during the second quarter. American Century Companies Inc. now owns 682,857 shares of the business services provider’s stock worth $14,620,000 after acquiring an additional 180,238 shares in the last quarter. Finally, Assenagon Asset Management S.A. boosted its position in Kelly Services by 178.3% during the second quarter. Assenagon Asset Management S.A. now owns 155,604 shares of the business services provider’s stock valued at $3,331,000 after purchasing an additional 99,699 shares during the last quarter. 76.34% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several analysts have weighed in on the company. StockNews.com downgraded Kelly Services from a “buy” rating to a “hold” rating in a research note on Friday, August 9th. Barrington Research reduced their price objective on shares of Kelly Services from $29.00 to $25.00 and set an “outperform” rating for the company in a report on Monday, November 18th.

Kelly Services Company Profile

Kelly Services, Inc, together with its subsidiaries, provides workforce solutions to various industries. The company operates through five segments: Professional & Industrial; Science, Engineering & Technology; Education; Outsourcing & Consulting; and International. The Professional & Industrial segment delivers staffing, outcome-based, and permanent placement services providing administrative, accounting, and finance; light industrial; contact center staffing; and other workforce solutions.