Kelly Services, Inc. (NASDAQ:KELYA – Get Free Report) EVP Vanessa Peterson Williams sold 29,999 shares of the business’s stock in a transaction dated Thursday, May 14th. The stock was sold at an average price of $9.78, for a total value of $293,390.22. Following the sale, the executive vice president owned 82,355 shares in the company, valued at $805,431.90. The trade was a 26.70% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.
Kelly Services Stock Performance
KELYA opened at $9.60 on Friday. The company has a market cap of $332.83 million, a P/E ratio of -1.26, a price-to-earnings-growth ratio of 0.73 and a beta of 0.79. The company has a quick ratio of 1.59, a current ratio of 1.59 and a debt-to-equity ratio of 0.13. The firm’s 50-day moving average price is $9.15 and its 200-day moving average price is $9.38. Kelly Services, Inc. has a 52-week low of $7.98 and a 52-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 EPS for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.04). The company had revenue of $1.04 billion during the quarter, compared to analyst estimates of $1.02 billion. Kelly Services had a positive return on equity of 3.07% and a negative net margin of 6.44%. As a group, equities analysts anticipate that Kelly Services, Inc. will post 1.01 EPS for the current fiscal year.
Kelly Services Announces Dividend
Analysts Set New Price Targets
KELYA has been the topic of several research reports. Zacks Research raised Kelly Services from a “strong sell” rating to a “hold” rating in a research report on Monday, April 20th. Weiss Ratings downgraded Kelly Services from a “sell (d)” rating to a “sell (d-)” rating in a research note on Monday, May 11th. Wall Street Zen raised Kelly Services from a “sell” rating to a “hold” rating in a report on Sunday, February 22nd. Finally, Barrington Research decreased their target price on Kelly Services from $16.00 to $15.00 and set an “outperform” rating for the company in a report on Friday, February 13th. Two investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $15.00.
Get Our Latest Stock Report on KELYA
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Private Management Group Inc. grew its position in Kelly Services by 101.8% during the 4th quarter. Private Management Group Inc. now owns 1,268,649 shares of the business services provider’s stock worth $11,164,000 after purchasing an additional 640,076 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in shares of Kelly Services by 39.9% in 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 buying an additional 544,309 shares during the last quarter. Millennium Management LLC grew its holdings in Kelly Services by 594.2% during the fourth quarter. Millennium Management LLC now owns 623,723 shares of the business services provider’s stock worth $5,489,000 after acquiring an additional 533,873 shares during the period. Fifth Third Bancorp purchased a new position in Kelly Services during the first quarter valued at approximately $4,371,000. Finally, JPMorgan Chase & Co. boosted its position in Kelly Services by 1,328.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 412,211 shares of the business services provider’s stock worth $5,408,000 after purchasing an additional 383,357 shares in the last quarter. 76.34% of the stock is currently owned by institutional investors and hedge funds.
Kelly Services Company Profile
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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