Kelly Services, Inc. (NASDAQ:KELYA) Director Donald R. Parfet sold 22,029 shares of Kelly Services stock in a transaction that occurred on Friday, June 9th. The shares were sold at an average price of $23.10, for a total value of $508,869.90. Following the sale, the director now owns 23,520 shares in the company, valued at $543,312. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Kelly Services, Inc. (NASDAQ KELYA) traded down 0.95% during mid-day trading on Monday, reaching $22.93. The company had a trading volume of 138,874 shares. Kelly Services, Inc. has a 52 week low of $18.01 and a 52 week high of $24.70. The firm has a market capitalization of $877.92 million, a PE ratio of 7.41 and a beta of 1.01. The stock’s 50-day moving average price is $22.87 and its 200 day moving average price is $22.08.

Kelly Services (NASDAQ:KELYA) last issued its quarterly earnings results on Thursday, May 11th. The business services provider reported $0.35 EPS for the quarter, topping the Zacks’ consensus estimate of $0.21 by $0.14. Kelly Services had a return on equity of 6.39% and a net margin of 2.37%. The company had revenue of $1.29 billion during the quarter, compared to analysts’ expectations of $1.28 billion. During the same quarter in the previous year, the firm posted $0.19 EPS. The firm’s revenue was down 4.4% compared to the same quarter last year. On average, equities research analysts predict that Kelly Services, Inc. will post $1.72 EPS for the current year.

Insider Buying and Selling by Quarter for Kelly Services (NASDAQ:KELYA)

The company also recently declared a quarterly dividend, which was paid on Wednesday, June 7th. Shareholders of record on Tuesday, May 23rd were given a dividend of $0.075 per share. The ex-dividend date of this dividend was Friday, May 19th. This represents a $0.30 dividend on an annualized basis and a yield of 1.31%. Kelly Services’s dividend payout ratio is currently 9.52%.

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A number of hedge funds have recently modified their holdings of KELYA. AQR Capital Management LLC boosted its stake in shares of Kelly Services by 5.0% in the first quarter. AQR Capital Management LLC now owns 184,078 shares of the business services provider’s stock worth $4,024,000 after buying an additional 8,846 shares in the last quarter. Gotham Asset Management LLC boosted its stake in shares of Kelly Services by 17.6% in the first quarter. Gotham Asset Management LLC now owns 32,146 shares of the business services provider’s stock worth $703,000 after buying an additional 4,807 shares in the last quarter. State Street Corp boosted its stake in shares of Kelly Services by 17.8% in the first quarter. State Street Corp now owns 751,076 shares of the business services provider’s stock worth $16,416,000 after buying an additional 113,572 shares in the last quarter. Bank of America Corp DE boosted its stake in shares of Kelly Services by 96.5% in the first quarter. Bank of America Corp DE now owns 44,797 shares of the business services provider’s stock worth $979,000 after buying an additional 21,994 shares in the last quarter. Finally, Geode Capital Management LLC boosted its stake in shares of Kelly Services by 11.4% in the first quarter. Geode Capital Management LLC now owns 316,881 shares of the business services provider’s stock worth $6,927,000 after buying an additional 32,392 shares in the last quarter. 65.98% of the stock is owned by institutional investors.

KELYA has been the subject of several recent analyst reports. Zacks Investment Research upgraded Kelly Services from a “sell” rating to a “hold” rating in a research note on Wednesday, April 5th. Northcoast Research restated a “neutral” rating on shares of Kelly Services in a research note on Friday, May 12th. Finally, ValuEngine upgraded Kelly Services from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd.

Kelly Services Company 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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