Kelly Services, Inc. (NASDAQ:KELYA) Shares Sold by Yousif Capital Management LLC

Yousif Capital Management LLC cut its holdings in shares of Kelly Services, Inc. (NASDAQ:KELYAFree Report) by 7.4% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 16,113 shares of the business services provider’s stock after selling 1,295 shares during the period. Yousif Capital Management LLC’s holdings in Kelly Services were worth $293,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in KELYA. Royal Bank of Canada increased its position in shares of Kelly Services by 131.6% during the third quarter. Royal Bank of Canada now owns 2,121 shares of the business services provider’s stock worth $29,000 after purchasing an additional 1,205 shares in the last quarter. UBS Group AG grew its holdings in shares of Kelly Services by 7,115.6% during the second quarter. UBS Group AG now owns 2,309 shares of the business services provider’s stock valued at $46,000 after buying an additional 2,277 shares during the last quarter. Quarry LP purchased a new stake in shares of Kelly Services during the second quarter valued at $69,000. Quantbot Technologies LP purchased a new stake in shares of Kelly Services during the second quarter valued at $73,000. Finally, Captrust Financial Advisors grew its holdings in shares of Kelly Services by 43.0% during the first quarter. Captrust Financial Advisors now owns 3,407 shares of the business services provider’s stock valued at $74,000 after buying an additional 1,024 shares during the last quarter. 73.09% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Kelly Services news, EVP Olivier Thirot sold 30,000 shares of the company’s stock in a transaction dated Tuesday, November 21st. The shares were sold at an average price of $21.06, for a total value of $631,800.00. Following the completion of the transaction, the executive vice president now owns 160,904 shares in the company, valued at $3,388,638.24. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In related news, SVP Tammy L. Browning sold 18,834 shares of the company’s stock in a transaction dated Tuesday, December 19th. The shares were sold at an average price of $21.51, for a total transaction of $405,119.34. Following the completion of the transaction, the senior vice president now owns 31,971 shares in the company, valued at approximately $687,696.21. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP Olivier Thirot sold 30,000 shares of the company’s stock in a transaction dated Tuesday, November 21st. The stock was sold at an average price of $21.06, for a total transaction of $631,800.00. Following the transaction, the executive vice president now owns 160,904 shares of the company’s stock, valued at approximately $3,388,638.24. The disclosure for this sale can be found here. Over the last quarter, insiders sold 54,309 shares of company stock worth $1,151,183. Company insiders own 3.50% of the company’s stock.

Kelly Services Stock Performance

NASDAQ:KELYA opened at $20.55 on Thursday. Kelly Services, Inc. has a one year low of $15.23 and a one year high of $22.43. The firm has a market cap of $725.00 million, a price-to-earnings ratio of 31.62, a PEG ratio of 0.84 and a beta of 1.15. The firm’s fifty day moving average is $21.00 and its two-hundred day moving average is $19.34.

Kelly Services (NASDAQ:KELYAGet Free Report) last posted its quarterly earnings results on Thursday, November 9th. The business services provider reported $0.50 EPS for the quarter, beating the consensus estimate of $0.25 by $0.25. The company had revenue of $1.12 billion for the quarter, compared to analyst estimates of $1.17 billion. Kelly Services had a net margin of 0.50% and a return on equity of 4.32%. The firm’s revenue was down 4.3% on a year-over-year basis. During the same period in the prior year, the company earned $0.25 earnings per share. As a group, equities research analysts predict that Kelly Services, Inc. will post 1.83 earnings per share for the current fiscal year.

Kelly Services Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 6th. Shareholders of record on Wednesday, November 22nd were given a $0.075 dividend. The ex-dividend date was Tuesday, November 21st. This represents a $0.30 dividend on an annualized basis and a dividend yield of 1.46%. Kelly Services’s dividend payout ratio (DPR) is currently 46.15%.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on KELYA. StockNews.com raised shares of Kelly Services from a “hold” rating to a “buy” rating in a report on Friday, October 13th. TheStreet raised shares of Kelly Services from a “c” rating to a “b-” rating in a report on Thursday, November 9th. Finally, Barrington Research reaffirmed an “outperform” rating and issued a $26.00 price target on shares of Kelly Services in a report on Wednesday, November 15th.

View Our Latest Stock Analysis on Kelly Services

About Kelly Services

(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 placement services in the areas of office, professional, light industrial, and contact center specialties.

See Also

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Institutional Ownership by Quarter for Kelly Services (NASDAQ:KELYA)

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