Kelly Services (NASDAQ:KELYA) EVP Vanessa Peterson Williams Sells 29,999 Shares

Kelly Services, Inc. (NASDAQ:KELYA) EVP Vanessa Peterson Williams sold 29,999 shares of Kelly Services stock in a transaction on Thursday, May 14th. The stock was sold at an average price of $9.78, for a total value of $293,390.22. Following the completion of the sale, the executive vice president directly owned 82,355 shares of the company’s stock, valued at approximately $805,431.90. The trade was a 26.70% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link.

Kelly Services Stock Down 2.1%

Kelly Services stock opened at $9.60 on Friday. The firm has a market cap of $328.44 million, a price-to-earnings ratio of -1.26, a PEG ratio of 0.74 and a beta of 0.79. The stock has a fifty day simple moving average of $9.15 and a two-hundred day simple moving average of $9.38. Kelly Services, Inc. has a 12 month low of $7.98 and a 12 month high of $14.94. The company has a current ratio of 1.59, a quick ratio of 1.59 and a debt-to-equity ratio of 0.13.

Kelly Services (NASDAQ:KELYA) last posted 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 business had revenue of $1.04 billion during the quarter, compared to the consensus estimate of $1.02 billion. Kelly Services had a positive return on equity of 3.07% and a negative net margin of 6.44%. Equities analysts predict that Kelly Services, Inc. will post 1.01 EPS for the current fiscal year.

Kelly Services Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 2nd. Shareholders of record on Monday, May 18th will be issued a $0.075 dividend. The ex-dividend date of this dividend is Monday, May 18th. This represents a $0.30 dividend on an annualized basis and a dividend yield of 3.1%. Kelly Services’s dividend payout ratio (DPR) is presently -3.95%.

Institutional Trading of Kelly Services

Several large investors have recently modified their holdings of the company. Vanguard Group Inc. grew its holdings in shares of Kelly Services by 7.9% in the third quarter. Vanguard Group Inc. now owns 2,071,363 shares of the business services provider’s stock worth $27,176,000 after acquiring an additional 151,655 shares during the period. Boston Partners grew its holdings in shares of Kelly Services by 0.4% in the third quarter. Boston Partners now owns 2,051,499 shares of the business services provider’s stock worth $26,908,000 after acquiring an additional 9,020 shares during the period. Charles Schwab Investment Management Inc. grew its holdings 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 acquiring an additional 544,309 shares during the period. Private Management Group Inc. grew its holdings in shares of Kelly Services by 101.8% in the fourth quarter. Private Management Group Inc. now owns 1,268,649 shares of the business services provider’s stock worth $11,164,000 after acquiring an additional 640,076 shares during the period. Finally, Millennium Management LLC grew its holdings 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 worth $15,649,000 after acquiring an additional 93,026 shares during the period. Institutional investors own 76.34% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have commented on KELYA. Wall Street Zen raised Kelly Services from a “sell” rating to a “hold” rating in a report on Sunday, February 22nd. Weiss Ratings lowered Kelly Services from a “sell (d)” rating to a “sell (d-)” rating in a report on Monday. Barrington Research reduced 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. Finally, Zacks Research raised Kelly Services from a “strong sell” rating to a “hold” rating in a report on Monday, April 20th. Two research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Kelly Services presently has a consensus rating of “Hold” and a consensus price target of $15.00.

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.