Kelly Services, Inc. (NASDAQ:KELYA) Insider James Polehna Sells 535 Shares

Kelly Services, Inc. (NASDAQ:KELYA) insider James Polehna sold 535 shares of Kelly Services stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $21.75, for a total transaction of $11,636.25. Following the completion of the sale, the insider now owns 20,649 shares in the company, valued at $449,115.75. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Shares of Kelly Services stock opened at $21.61 on Tuesday. Kelly Services, Inc. has a 12-month low of $19.21 and a 12-month high of $28.91. The stock has a market cap of $856.92 million, a P/E ratio of 9.52 and a beta of 0.74. The company has a quick ratio of 1.52, a current ratio of 1.52 and a debt-to-equity ratio of 0.04. The business’s 50 day moving average is $22.61 and its 200-day moving average is $24.66.

Kelly Services (NASDAQ:KELYA) last released its earnings results on Wednesday, November 6th. The business services provider reported $0.37 earnings per share for the quarter, missing the consensus estimate of $0.46 by ($0.09). Kelly Services had a net margin of 1.32% and a return on equity of 7.66%. The firm had revenue of $1.27 billion during the quarter, compared to the consensus estimate of $1.34 billion. During the same period in the prior year, the business posted $0.56 earnings per share. Kelly Services’s quarterly revenue was down 5.6% compared to the same quarter last year. On average, sell-side analysts expect that Kelly Services, Inc. will post 2.17 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 5th. Shareholders of record on Wednesday, November 20th will be given a dividend of $0.075 per share. This represents a $0.30 annualized dividend and a yield of 1.39%. The ex-dividend date of this dividend is Tuesday, November 19th. Kelly Services’s dividend payout ratio (DPR) is currently 13.22%.

Several equities research analysts have commented on KELYA shares. Zacks Investment Research cut shares of Kelly Services from a “hold” rating to a “sell” rating in a research report on Saturday, November 9th. Noble Financial set a $32.00 price objective on Kelly Services and gave the company a “buy” rating in a report on Friday, September 27th. TheStreet cut Kelly Services from a “b” rating to a “c+” rating in a report on Wednesday, November 6th. ValuEngine downgraded Kelly Services from a “hold” rating to a “sell” rating in a research report on Wednesday, September 11th. Finally, Northcoast Research lowered Kelly Services from a “buy” rating to a “neutral” rating in a report on Wednesday, August 28th. Three analysts have rated the stock with a sell rating, one has assigned a hold rating and one has assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $29.50.

Hedge funds have recently made changes to their positions in the business. CWM LLC bought a new position in shares of Kelly Services in the 3rd quarter valued at about $25,000. Tower Research Capital LLC TRC increased its stake in shares of Kelly Services by 248.8% during the 3rd quarter. Tower Research Capital LLC TRC now owns 1,200 shares of the business services provider’s stock worth $29,000 after purchasing an additional 856 shares during the last quarter. Quantamental Technologies LLC acquired a new position in shares of Kelly Services during the 2nd quarter worth about $35,000. Dupont Capital Management Corp acquired a new position in shares of Kelly Services during the 3rd quarter worth about $63,000. Finally, Panagora Asset Management Inc. raised its holdings in shares of Kelly Services by 20.6% in the 2nd quarter. Panagora Asset Management Inc. now owns 3,618 shares of the business services provider’s stock valued at $95,000 after purchasing an additional 618 shares during the period. Hedge funds and other institutional investors own 67.61% of the company’s stock.

About Kelly Services

Kelly Services, Inc, together with its subsidiaries, provides workforce solutions to various industries worldwide. The company operates through three segments: Americas Staffing, Global Talent Solutions, and International Staffing. It provides trained employees for data entry, clerical, and administrative support roles across various industries; schools with instructional and non-instructional employees; support staff for seminars, sales, and trade shows; assemblers, quality control inspectors, and technicians for electronic assembly; maintenance workers, material handlers, and assemblers for light industrial works; scientists, and scientific and clinical research workforce solutions; engineering professionals across various disciplines, including aeronautical, chemical, civil/structural, electrical/instrumentation, environmental, industrial, mechanical, petroleum, pharmaceutical, quality, and telecommunications.

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Insider Buying and Selling by Quarter for Kelly Services (NASDAQ:KELYA)

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