Royce & Associates LP Has $31,235,000 Stake in Kelly Services, Inc. (KELYA)
Royce & Associates LP boosted its position in shares of Kelly Services, Inc. (NASDAQ:KELYA) by 0.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,362,800 shares of the company’s stock after buying an additional 8,000 shares during the period. Royce & Associates LP’s holdings in Kelly Services were worth $31,235,000 as of its most recent filing with the SEC.
Other institutional investors have also recently modified their holdings of the company. Victory Capital Management Inc. raised its stake in Kelly Services by 8.7% in the third quarter. Victory Capital Management Inc. now owns 5,488 shares of the company’s stock valued at $105,000 after buying an additional 439 shares in the last quarter. Eqis Capital Management Inc. bought a new stake in Kelly Services during the third quarter valued at $200,000. Analytic Investors LLC bought a new stake in Kelly Services during the third quarter valued at $336,000. BlackRock Inc. raised its stake in Kelly Services by 0.9% in the third quarter. BlackRock Inc. now owns 18,178 shares of the company’s stock valued at $349,000 after buying an additional 154 shares in the last quarter. Finally, Horizon Investment Services LLC raised its stake in Kelly Services by 6.3% in the third quarter. Horizon Investment Services LLC now owns 20,703 shares of the company’s stock valued at $398,000 after buying an additional 1,223 shares in the last quarter. 66.17% of the stock is owned by hedge funds and other institutional investors.
Kelly Services, Inc. (NASDAQ:KELYA) traded down 0.18% during midday trading on Friday, hitting $21.89. The stock had a trading volume of 19,587 shares. The company has a market cap of $851.52 million, a P/E ratio of 6.99 and a beta of 1.19. Kelly Services, Inc. has a one year low of $16.57 and a one year high of $23.61. The stock’s 50-day moving average is $22.34 and its 200-day moving average is $20.47.
Kelly Services (NASDAQ:KELYA) last posted its earnings results on Thursday, February 2nd. The company reported $0.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.52 by $0.03. Kelly Services had a net margin of 2.32% and a return on equity of 6.06%. The company earned $1.30 billion during the quarter, compared to analysts’ expectations of $1.34 billion. During the same quarter in the previous year, the company posted $0.88 earnings per share. Kelly Services’s quarterly revenue was down 10.8% compared to the same quarter last year. Equities analysts predict that Kelly Services, Inc. will post $1.52 EPS for the current fiscal year.
The company also recently announced a dividend, which will be paid on Monday, March 13th. Stockholders of record on Monday, February 27th will be paid a $0.075 dividend. The ex-dividend date is Thursday, February 23rd. Kelly Services’s dividend payout ratio (DPR) is currently 9.58%.
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Separately, Zacks Investment Research lowered Kelly Services from a “hold” rating to a “strong sell” rating in a research note on Wednesday, November 9th.
In related news, insider Teresa Carroll sold 3,658 shares of the business’s stock in a transaction that occurred on Friday, December 16th. The shares were sold at an average price of $23.12, for a total value of $84,572.96. Following the completion of the transaction, the insider now owns 97,538 shares in the company, valued at approximately $2,255,078.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Carl T. Camden sold 24,022 shares of the business’s stock in a transaction that occurred on Thursday, December 1st. The stock was sold at an average price of $20.13, for a total transaction of $483,562.86. Following the completion of the transaction, the insider now owns 502,646 shares of the company’s stock, valued at approximately $10,118,263.98. The disclosure for this sale can be found here. Insiders sold 53,658 shares of company stock valued at $1,103,283 in the last quarter. 16.10% of the stock is currently owned by corporate insiders.
About Kelly Services
Kelly Services, Inc is a workforce solutions provider. The Company provides workforce solutions in over three regions: the Americas; Europe, the Middle East and Africa (EMEA), and Asia Pacific (APAC). It operates in seven segments: Americas Commercial, Americas Professional and Technical (Americas PT), EMEA Commercial, EMEA Professional and Technical (EMEA PT), APAC Commercial, APAC Professional and Technical (APAC PT), and Outsourcing and Consulting Group (OCG).
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