James Christopher Hunt Purchases 4,000 Shares of Kelly Services (NASDAQ:KELYA) Stock

Kelly Services, Inc. (NASDAQ:KELYA) Director James Christopher Hunt bought 4,000 shares of the company’s stock in a transaction dated Wednesday, February 25th. The shares were purchased at an average cost of $9.30 per share, with a total value of $37,200.00. Following the acquisition, the director directly owned 29,976 shares of the company’s stock, valued at approximately $278,776.80. This represents a 15.40% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

James Christopher Hunt also recently made the following trade(s):

• On Monday, February 23rd, James Christopher Hunt purchased 10,000 shares of Kelly Services stock. The stock was acquired at an average price of $9.43 per share, for a total transaction of $94,300.00.
• On Friday, February 20th, James Christopher Hunt acquired 10,000 shares of Kelly Services stock. The stock was acquired at an average price of $9.57 per share, with a total value of $95,700.00.
• On Wednesday, February 18th, James Christopher Hunt acquired 1,000 shares of Kelly Services stock. The stock was acquired at an average cost of $9.58 per share, with a total value of $9,580.00.

Kelly Services Stock Performance

Shares of NASDAQ:KELYA opened at $9.71 on Friday. Kelly Services, Inc. has a 12-month low of $7.98 and a 12-month high of $14.94. The company’s 50 day moving average price is $9.69 and its two-hundred day moving average price is $10.99. The firm has a market cap of $332.18 million, a PE ratio of -1.34, a PEG ratio of 0.71 and a beta of 0.79. The company has a quick ratio of 1.54, a current ratio of 1.54 and a debt-to-equity ratio of 0.10.

Kelly Services (NASDAQ:KELYA) last issued its quarterly earnings results on Thursday, February 12th. The business services provider reported $0.16 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.29). Kelly Services had a positive return on equity of 4.05% and a negative net margin of 5.98%.The company had revenue of $1.05 billion for the quarter, compared to analyst estimates of $1.03 billion. Equities research analysts predict that Kelly Services, Inc. will post 2.45 earnings per share for the current year.

Kelly Services Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 11th. Stockholders of record on Wednesday, February 25th will be issued a dividend of $0.075 per share. This represents a $0.30 annualized dividend and a dividend yield of 3.1%. The ex-dividend date of this dividend is Wednesday, February 25th. Kelly Services’s dividend payout ratio is -4.13%.

Institutional Investors Weigh In On Kelly Services

Hedge funds and other institutional investors have recently made changes to their positions in the stock. State of Tennessee Department of Treasury acquired a new position in Kelly Services during the 4th quarter worth approximately $519,000. Mackenzie Financial Corp grew its stake in shares of Kelly Services by 23.2% during the fourth quarter. Mackenzie Financial Corp now owns 38,342 shares of the business services provider’s stock worth $336,000 after buying an additional 7,217 shares during the last quarter. NewEdge Advisors LLC increased its holdings in shares of Kelly Services by 74.0% during the fourth quarter. NewEdge Advisors LLC now owns 23,603 shares of the business services provider’s stock worth $208,000 after buying an additional 10,038 shares in the last quarter. Susquehanna Fundamental Investments LLC bought a new position in shares of Kelly Services in the 4th quarter valued at $923,000. Finally, Numerai GP LLC boosted its holdings in shares of Kelly Services by 1,133.6% during the 4th quarter. Numerai GP LLC now owns 167,418 shares of the business services provider’s stock valued at $1,473,000 after acquiring an additional 153,846 shares in the last quarter. 76.34% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on KELYA shares. Zacks Research downgraded shares of Kelly Services from a “hold” rating to a “strong sell” rating in a research note on Wednesday, February 18th. Wall Street Zen raised shares of Kelly Services from a “sell” rating to a “hold” rating in a report on Sunday, February 22nd. Weiss Ratings reissued a “sell (d)” rating on shares of Kelly Services in a research note on Thursday, January 22nd. Finally, Barrington Research lowered their price objective on shares of Kelly Services from $16.00 to $15.00 and set an “outperform” rating for the company in a research report on Friday, February 13th. Two analysts have rated the stock with a Buy rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $15.00.

Kelly Services Company Profile

Kelly Services, Inc is a global workforce solutions provider specializing in talent acquisition and staffing services across a wide range of industries. The company offers temporary staffing, permanent placement, outsourcing solutions, and consulting services to help organizations address their workforce needs. Its service offerings are designed to support clients in areas such as administrative support, information technology, engineering, science, education, healthcare, and industrial sectors.

Founded in 1946 by William Russell Kelly, Kelly Services has grown from a small local staffing firm into an international organization.