Kelly Services, Inc. (NASDAQ:KELYA) SVP Daniel H. Malan Acquires 3,500 Shares

Kelly Services, Inc. (NASDAQ:KELYAGet Free Report) SVP Daniel H. Malan bought 3,500 shares of the firm’s stock in a transaction on Wednesday, November 20th. The stock was acquired at an average cost of $13.88 per share, with a total value of $48,580.00. Following the completion of the transaction, the senior vice president now directly owns 95,906 shares of the company’s stock, valued at approximately $1,331,175.28. This represents a 3.79 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Kelly Services Price Performance

Shares of Kelly Services stock opened at $14.40 on Friday. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.61 and a quick ratio of 1.61. The company has a market cap of $512.78 million, a PE ratio of 12.52, a price-to-earnings-growth ratio of 0.55 and a beta of 1.20. The firm has a fifty day moving average price of $19.42 and a two-hundred day moving average price of $20.80. Kelly Services, Inc. has a fifty-two week low of $13.71 and a fifty-two week high of $25.27.

Kelly Services (NASDAQ:KELYAGet Free Report) last released its earnings results on Thursday, November 7th. The business services provider reported $0.21 earnings per share for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.23). The firm had revenue of $1.04 billion for the quarter, compared to analyst estimates of $1.07 billion. Kelly Services had a return on equity of 6.93% and a net margin of 0.97%. The firm’s quarterly revenue was down 7.1% compared to the same quarter last year. During the same period last year, the business earned $0.50 earnings per share. Analysts expect that Kelly Services, Inc. will post 1.93 EPS for the current year.

Kelly Services Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 4th. Stockholders of record on Wednesday, November 20th will be paid a $0.075 dividend. The ex-dividend date of this dividend is Wednesday, November 20th. This represents a $0.30 annualized dividend and a dividend yield of 2.08%. Kelly Services’s dividend payout ratio is currently 26.09%.

Hedge Funds Weigh In On Kelly Services

Hedge funds have recently modified their holdings of the stock. Northwestern Mutual Wealth Management Co. acquired a new stake in Kelly Services in the 2nd quarter valued at $30,000. Innealta Capital LLC bought a new position in shares of Kelly Services during the second quarter valued at $39,000. nVerses Capital LLC acquired a new stake in shares of Kelly Services in the 2nd quarter valued at $47,000. Meeder Asset Management Inc. bought a new stake in shares of Kelly Services in the 2nd quarter worth about $51,000. Finally, SG Americas Securities LLC acquired a new stake in shares of Kelly Services during the 1st quarter worth about $125,000. 76.34% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on KELYA shares. Barrington Research dropped their price target on shares of Kelly Services from $29.00 to $25.00 and set an “outperform” rating on the stock in a research report on Monday, November 18th. StockNews.com lowered Kelly Services from a “buy” rating to a “hold” rating in a research note on Friday, August 9th.

Read Our Latest Stock Analysis on Kelly Services

Kelly Services Company Profile

(Get Free Report)

Kelly Services, Inc, together with its subsidiaries, provides workforce solutions to various industries. The company operates through five segments: Professional & Industrial; Science, Engineering & Technology; Education; Outsourcing & Consulting; and International. The Professional & Industrial segment delivers staffing, outcome-based, and permanent placement services providing administrative, accounting, and finance; light industrial; contact center staffing; and other workforce solutions.

See Also

Receive News & Ratings for Kelly Services Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kelly Services and related companies with MarketBeat.com's FREE daily email newsletter.