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.
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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