Schwab Charles Investment Management Inc. boosted its position in shares of Kelly Services, Inc. (NASDAQ:KELYA) by 10.5% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 491,710 shares of the business services provider’s stock after acquiring an additional 46,580 shares during the quarter. Schwab Charles Investment Management Inc. owned 1.28% of Kelly Services worth $12,338,000 at the end of the most recent quarter.
A number of other institutional investors have also recently made changes to their positions in KELYA. SG Americas Securities LLC purchased a new position in Kelly Services during the 2nd quarter valued at about $117,000. Victory Capital Management Inc. boosted its stake in shares of Kelly Services by 17.6% in the 2nd quarter. Victory Capital Management Inc. now owns 8,484 shares of the business services provider’s stock valued at $190,000 after buying an additional 1,271 shares during the period. Macquarie Group Ltd. purchased a new position in shares of Kelly Services in the 3rd quarter valued at about $218,000. BNP Paribas Arbitrage SA boosted its stake in shares of Kelly Services by 49.1% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 12,079 shares of the business services provider’s stock valued at $271,000 after buying an additional 3,976 shares during the period. Finally, Voya Investment Management LLC boosted its stake in shares of Kelly Services by 20.7% in the 2nd quarter. Voya Investment Management LLC now owns 13,274 shares of the business services provider’s stock valued at $298,000 after buying an additional 2,278 shares during the period. Institutional investors own 65.91% of the company’s stock.
In other news, Director Leslie A. Murphy sold 7,500 shares of the business’s stock in a transaction that occurred on Friday, November 17th. The stock was 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 of the company’s stock, valued at $651,119.55. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Jane E. Dutton sold 6,900 shares of the company’s stock in a transaction on Thursday, November 30th. The stock was sold at an average price of $29.05, for a total value of $200,445.00. Following the transaction, the director now directly owns 24,180 shares in the company, valued at approximately $702,429. The disclosure for this sale can be found here. In the last three months, insiders sold 17,400 shares of company stock worth $499,800. Corporate insiders own 13.30% of the company’s stock.
Shares of Kelly Services, Inc. (KELYA) opened at $27.91 on Wednesday. The firm has a market capitalization of $1,083.58, a P/E ratio of 14.61 and a beta of 1.10. Kelly Services, Inc. has a 52 week low of $20.27 and a 52 week high of $30.93.
Kelly Services (NASDAQ:KELYA) last released its quarterly earnings results on Wednesday, November 8th. The business services provider reported $0.58 EPS for the quarter, topping the consensus estimate of $0.31 by $0.27. The company had revenue of $1.33 billion for the quarter, compared to analyst estimates of $1.30 billion. Kelly Services had a return on equity of 7.25% and a net margin of 1.44%. The firm’s 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 earnings per share. analysts forecast that Kelly Services, Inc. will post 2.04 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Thursday, December 7th. Stockholders of record on Wednesday, November 22nd were issued a $0.075 dividend. This represents a $0.30 dividend on an annualized basis and a dividend yield of 1.07%. The ex-dividend date was Tuesday, November 21st. Kelly Services’s payout ratio is currently 15.71%.
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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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