Kelly Services, Inc. (KELYA) Director Leslie A. Murphy Sells 7,500 Shares

Kelly Services, Inc. (NASDAQ:KELYA) Director Leslie A. Murphy sold 7,500 shares of the firm’s stock in a transaction on Friday, November 17th. The shares were sold at an average price of $28.69, for a total value of $215,175.00. Following the transaction, the director now owns 22,695 shares in the company, valued at $651,119.55. The sale was disclosed in a document filed with the SEC, which is available at this link.

Shares of Kelly Services, Inc. (KELYA) traded up $0.05 on Monday, hitting $28.73. The stock had a trading volume of 509,100 shares, compared to its average volume of 127,339. The company has a market cap of $1,103.95, a P/E ratio of 14.73 and a beta of 1.06. Kelly Services, Inc. has a 12-month low of $19.50 and a 12-month high of $29.30.

Kelly Services (NASDAQ:KELYA) last released its earnings results on Wednesday, November 8th. The business services provider reported $0.58 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.31 by $0.27. The company had revenue of $1.33 billion during the quarter, compared to the consensus estimate of $1.30 billion. Kelly Services had a return on equity of 7.25% and a net margin of 1.44%. Kelly Services’s quarterly revenue was up 6.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.44 EPS. sell-side analysts forecast that Kelly Services, Inc. will post 2.04 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 7th. Investors of record on Wednesday, November 22nd will be given a $0.075 dividend. The ex-dividend date is Tuesday, November 21st. This represents a $0.30 dividend on an annualized basis and a yield of 1.04%. Kelly Services’s payout ratio is 15.71%.

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A number of institutional investors have recently made changes to their positions in the business. Texas Permanent School Fund grew its stake in Kelly Services by 1.0% in the second quarter. Texas Permanent School Fund now owns 21,373 shares of the business services provider’s stock worth $480,000 after purchasing an additional 204 shares during the period. Public Employees Retirement System of Ohio grew its stake in Kelly Services by 2.1% in the second quarter. Public Employees Retirement System of Ohio now owns 31,541 shares of the business services provider’s stock worth $708,000 after purchasing an additional 654 shares during the period. Legal & General Group Plc boosted its holdings in Kelly Services by 1.5% in the first quarter. Legal & General Group Plc now owns 48,891 shares of the business services provider’s stock worth $1,067,000 after acquiring an additional 700 shares in the last quarter. Thrivent Financial For Lutherans boosted its holdings in Kelly Services by 4.5% in the first quarter. Thrivent Financial For Lutherans now owns 16,590 shares of the business services provider’s stock worth $363,000 after acquiring an additional 720 shares in the last quarter. Finally, The Manufacturers Life Insurance Company boosted its holdings in Kelly Services by 3.4% in the second quarter. The Manufacturers Life Insurance Company now owns 23,872 shares of the business services provider’s stock worth $536,000 after acquiring an additional 791 shares in the last quarter. 65.92% of the stock is currently owned by institutional investors and hedge funds.

Several equities research analysts recently weighed in on KELYA shares. Zacks Investment Research raised Kelly Services from a “hold” rating to a “buy” rating and set a $24.00 price objective for the company in a report on Friday, August 11th. ValuEngine raised Kelly Services from a “hold” rating to a “buy” rating in a report on Friday, August 11th. Finally, BidaskClub downgraded Kelly Services from a “sell” rating to a “strong sell” rating in a research note on Monday, July 31st.

About Kelly Services

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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