Crossmark Global Holdings Inc. bought a new position in shares of Kelly Services, Inc. (NASDAQ:KELYA) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 21,400 shares of the business services provider’s stock, valued at approximately $537,000. Crossmark Global Holdings Inc. owned 0.06% of Kelly Services at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently modified their holdings of KELYA. SG Americas Securities LLC acquired a new position in Kelly Services during the second quarter worth about $117,000. State of Alaska Department of Revenue grew its position in Kelly Services by 77.4% during the second quarter. State of Alaska Department of Revenue now owns 5,731 shares of the business services provider’s stock worth $128,000 after buying an additional 2,501 shares during the period. Victory Capital Management Inc. grew its position in Kelly Services by 17.6% during the second quarter. Victory Capital Management Inc. now owns 8,484 shares of the business services provider’s stock worth $190,000 after buying an additional 1,271 shares during the period. First Quadrant L P CA acquired a new position in Kelly Services during the second quarter worth about $242,000. Finally, Palouse Capital Management Inc. grew its position in Kelly Services by 26.0% during the second quarter. Palouse Capital Management Inc. now owns 11,751 shares of the business services provider’s stock worth $264,000 after buying an additional 2,424 shares during the period. Institutional investors own 66.63% of the company’s stock.
In other Kelly Services news, CEO George S. Corona sold 3,000 shares of the company’s stock in a transaction dated Monday, November 13th. The shares were sold at an average price of $28.06, for a total value of $84,180.00. Following the sale, the chief executive officer now owns 193,473 shares of the company’s stock, valued at $5,428,852.38. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 16.10% of the stock is owned by corporate insiders.
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Kelly Services (NASDAQ:KELYA) last announced its quarterly earnings results on Wednesday, November 8th. The business services provider reported $0.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.31 by $0.27. Kelly Services had a net margin of 1.44% and a return on equity of 7.25%. The company had revenue of $1.33 billion for the quarter, compared to the consensus estimate of $1.30 billion. During the same quarter in the prior year, the firm earned $0.44 earnings per share. The company’s revenue for the quarter was up 6.5% compared to the same quarter last year. research analysts forecast that Kelly Services, Inc. will post 2.04 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 7th. Shareholders of record on Wednesday, November 22nd will be issued a $0.075 dividend. This represents a $0.30 annualized dividend and a dividend yield of 1.04%. The ex-dividend date is Tuesday, November 21st. Kelly Services’s dividend payout ratio (DPR) is presently 15.71%.
Several research analysts have weighed in on KELYA shares. Zacks Investment Research upgraded shares of Kelly Services from a “hold” rating to a “buy” rating and set a $24.00 target price on the stock in a research report on Friday, August 11th. ValuEngine upgraded shares of Kelly Services from a “hold” rating to a “buy” rating in a research report on Friday, August 11th. Finally, BidaskClub lowered shares of Kelly Services from a “sell” rating to a “strong sell” rating in a research report on Monday, August 14th.
Kelly Services Company Profile
Kelly Services, Inc is a workforce solutions provider, which is engaged in offering a range of specialty services. The Company provides workforce solutions in three regions: the Americas; Europe, the Middle East and Africa (EMEA), and Asia Pacific (APAC). The Company’s segments are Americas Commercial, Americas Professional and Technical (Americas PT), EMEA Commercial, EMEA Professional and Technical (EMEA PT), and Outsourcing and Consulting Group (OCG).
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