Voya Investment Management LLC lifted its holdings in Kelly Services, Inc. (NASDAQ:KELYA) by 20.7% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,274 shares of the business services provider’s stock after purchasing an additional 2,278 shares during the quarter. Voya Investment Management LLC’s holdings in Kelly Services were worth $298,000 as of its most recent SEC filing.
Other institutional investors have also bought and sold shares of the company. SG Americas Securities LLC acquired a new stake in shares of Kelly Services in the 2nd quarter worth $117,000. State of Alaska Department of Revenue lifted its position in Kelly Services by 77.4% during the 2nd quarter. State of Alaska Department of Revenue now owns 5,731 shares of the business services provider’s stock worth $128,000 after acquiring an additional 2,501 shares during the period. Victory Capital Management Inc. lifted its position in Kelly Services by 17.6% during the 2nd quarter. Victory Capital Management Inc. now owns 8,484 shares of the business services provider’s stock worth $190,000 after acquiring an additional 1,271 shares during the period. First Quadrant L P CA acquired a new stake in Kelly Services during the 2nd quarter worth about $242,000. Finally, Palouse Capital Management Inc. lifted its position in Kelly Services by 26.0% during the 2nd quarter. Palouse Capital Management Inc. now owns 11,751 shares of the business services provider’s stock worth $264,000 after acquiring an additional 2,424 shares during the period. 66.63% of the stock is owned by hedge funds and other institutional investors.
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Kelly Services, Inc. (NASDAQ:KELYA) opened at $28.85 on Wednesday. Kelly Services, Inc. has a 52 week low of $19.50 and a 52 week high of $29.30. The firm has a market capitalization of $1,112.85, a PE ratio of 14.90 and a beta of 1.06.
Kelly Services (NASDAQ:KELYA) last announced its quarterly earnings results on Wednesday, November 8th. The business services provider reported $0.58 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.31 by $0.27. Kelly Services had a return on equity of 7.25% and a net margin of 1.44%. The firm had revenue of $1.33 billion during the quarter, compared to analyst estimates of $1.30 billion. During the same quarter in the previous year, the business earned $0.44 EPS. Kelly Services’s revenue for the quarter was up 6.5% compared to the same quarter last year. analysts forecast that Kelly Services, Inc. will post 2.04 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 7th. Shareholders of record on Wednesday, November 22nd will be paid a dividend of $0.075 per share. The ex-dividend date of this dividend is Tuesday, November 21st. This represents a $0.30 annualized dividend and a yield of 1.04%. Kelly Services’s dividend payout ratio (DPR) is currently 15.71%.
A number of brokerages have commented on KELYA. Zacks Investment Research raised Kelly Services from a “hold” rating to a “strong-buy” rating and set a $32.00 price target for the company in a research report on Tuesday. ValuEngine raised Kelly Services from a “hold” rating to a “buy” rating in a report on Friday, August 11th. Finally, BidaskClub cut Kelly Services from a “sell” rating to a “strong sell” rating in a report on Monday, August 14th.
In other Kelly Services news, CEO George S. Corona sold 3,000 shares of the business’s stock in a transaction that occurred on Monday, November 13th. The stock was sold at an average price of $28.06, for a total transaction of $84,180.00. Following the completion of the sale, the chief executive officer now directly owns 193,473 shares in the company, valued at approximately $5,428,852.38. The transaction was disclosed in a document filed with the SEC, which is available through this link. 13.30% of the stock is currently owned by insiders.
Kelly Services 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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