Segall Bryant & Hamill LLC acquired a new stake in Kelly Services, Inc. (NASDAQ:KELYA - Free Report) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 99,096 shares of the business services provider's stock, valued at approximately $2,122,000. Segall Bryant & Hamill LLC owned approximately 0.28% of Kelly Services at the end of the most recent quarter.
A number of other institutional investors also recently modified their holdings of KELYA. Northwestern Mutual Wealth Management Co. bought a new position in Kelly Services in the second quarter valued at about $30,000. Innealta Capital LLC bought a new stake in shares of Kelly Services during the second quarter worth approximately $39,000. nVerses Capital LLC acquired a new position in Kelly Services in the second quarter valued at approximately $47,000. Meeder Asset Management Inc. bought a new position in Kelly Services in the second quarter valued at approximately $51,000. Finally, SG Americas Securities LLC acquired a new stake in Kelly Services during the 1st quarter worth $125,000. 76.34% of the stock is owned by institutional investors.
Kelly Services Stock Performance
Shares of NASDAQ:KELYA traded up $0.48 on Friday, hitting $14.40. The company had a trading volume of 519,359 shares, compared to its average volume of 297,991. The stock has a market cap of $512.78 million, a price-to-earnings ratio of 12.52, a P/E/G ratio of 0.55 and a beta of 1.20. The company has a current ratio of 1.61, a quick ratio of 1.61 and a debt-to-equity ratio of 0.18. Kelly Services, Inc. has a 1-year low of $13.71 and a 1-year high of $25.27. The stock has a 50 day moving average price of $19.29 and a 200 day moving average price of $20.71.
Kelly Services (NASDAQ:KELYA - Get Free Report) last issued its quarterly earnings data on Thursday, November 7th. The business services provider reported $0.21 earnings per share for the quarter, missing the consensus estimate of $0.44 by ($0.23). Kelly Services had a return on equity of 6.93% and a net margin of 0.97%. The business had revenue of $1.04 billion during the quarter, compared to analyst estimates of $1.07 billion. During the same quarter last year, the firm earned $0.50 EPS. Kelly Services's revenue for the quarter was down 7.1% compared to the same quarter last year. Analysts expect that Kelly Services, Inc. will post 1.93 EPS for the current year.
Kelly Services Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 4th. Stockholders of record on Wednesday, November 20th will be issued a dividend of $0.075 per share. This represents a $0.30 dividend on an annualized basis and a dividend yield of 2.08%. The ex-dividend date is Wednesday, November 20th. Kelly Services's dividend payout ratio (DPR) is presently 26.09%.
Insider Buying and Selling
In related news, SVP Daniel H. Malan acquired 3,500 shares of the company's stock in a transaction that occurred on Wednesday, November 20th. The stock was acquired at an average price of $13.88 per share, with a total value of $48,580.00. Following the purchase, the senior vice president now directly owns 95,906 shares in the company, valued at approximately $1,331,175.28. This trade represents a 3.79 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 3.90% of the stock is currently owned by company insiders.
Analysts Set New Price Targets
A number of research analysts have weighed in on KELYA shares. StockNews.com lowered shares of Kelly Services from a "buy" rating to a "hold" rating in a research note on Friday, August 9th. Barrington Research lowered their target price on Kelly Services from $29.00 to $25.00 and set an "outperform" rating for the company in a report on Monday, November 18th.
Check Out Our Latest Report on KELYA
Kelly Services Company Profile
(
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.
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