Insider Selling: Kelly Services, Inc. (NASDAQ:KELYA) Director Sells 25,153 Shares of Stock


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Kelly Services, Inc. (NASDAQ:KELYA) Director Carol M. Adderley sold 25,153 shares of the stock in a transaction that occurred on Monday, February 22nd. The stock was sold at an average price of $20.85, for a total value of $524,440.05. Following the completion of the transaction, the director now directly owns 157,503 shares of the company’s stock, valued at $3,283,937.55. The sale was disclosed in a filing with the SEC, which is available through this link.

NASDAQ KELYA traded up $1.20 on Tuesday, reaching $21.90. 18,138 shares of the stock traded hands, compared to its average volume of 142,401. The firm’s fifty day simple moving average is $20.86 and its 200 day simple moving average is $19.63. The company has a market cap of $860.60 million, a price-to-earnings ratio of -10.25, a P/E/G ratio of 1.33 and a beta of 1.22. Kelly Services, Inc. has a 12 month low of $10.13 and a 12 month high of $23.00.

Kelly Services (NASDAQ:KELYA) last issued its quarterly earnings results on Thursday, February 18th. The business services provider reported $0.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.27 by $0.14. Kelly Services had a positive return on equity of 5.70% and a negative net margin of 1.70%. Research analysts predict that Kelly Services, Inc. will post 1.31 earnings per share for the current fiscal year.

A number of equities analysts recently issued reports on KELYA shares. Zacks Investment Research lowered Kelly Services from a “hold” rating to a “strong sell” rating in a report on Tuesday. Noble Financial reissued a “buy” rating and issued a $25.00 price objective on shares of Kelly Services in a report on Monday. Finally, Barrington Research increased their price target on Kelly Services from $24.00 to $26.00 and gave the company an “outperform” rating in a research note on Monday.

Several institutional investors and hedge funds have recently added to or reduced their stakes in KELYA. Louisiana State Employees Retirement System bought a new stake in shares of Kelly Services during the 3rd quarter worth $264,000. Pacer Advisors Inc. lifted its holdings in shares of Kelly Services by 125.8% in the third quarter. Pacer Advisors Inc. now owns 23,047 shares of the business services provider’s stock valued at $393,000 after purchasing an additional 12,838 shares in the last quarter. Nisa Investment Advisors LLC lifted its holdings in shares of Kelly Services by 20.6% in the third quarter. Nisa Investment Advisors LLC now owns 11,700 shares of the business services provider’s stock valued at $199,000 after purchasing an additional 2,000 shares in the last quarter. Dupont Capital Management Corp purchased a new stake in shares of Kelly Services in the third quarter valued at $178,000. Finally, BNP Paribas Arbitrage SA lifted its holdings in shares of Kelly Services by 215.2% in the third quarter. BNP Paribas Arbitrage SA now owns 8,417 shares of the business services provider’s stock valued at $143,000 after purchasing an additional 5,747 shares in the last quarter. 67.55% of the stock is owned by institutional investors and hedge funds.

About Kelly Services

Kelly Services, Inc, together with its subsidiaries, provides workforce solutions to various industries worldwide. The company operates through three segments: Americas Staffing, Global Talent Solutions, and International Staffing. It provides trained employees for data entry, clerical, and administrative support roles across various industries; schools with instructional and non-instructional employees; support staff for seminars, sales, and trade shows; assemblers, quality control inspectors, and technicians for electronic assembly; maintenance workers, material handlers, and assemblers for light industrial works; scientists, and scientific and clinical research workforce solutions; engineering professionals across various disciplines, including 5G, aeronautical, chemical, civil/structural, electrical/instrumentation, environmental, industrial, mechanical, petroleum, pharmaceutical, quality, and telecommunications.

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