Daniel Malan Sells 7,840 Shares of Kelly Services (NASDAQ:KELYA) Stock

Key Points

• Daniel Malan, senior vice president of Kelly Services, sold 7,840 shares of the company at an average price of $12.86, amounting to a total value of $100,822.40, decreasing his ownership by 8.95%.
• Kelly Services reported $1.10 billion in revenue for the last quarter and announced a quarterly dividend of $0.075 per share, yielding approximately 2.3%.
• Analysts have upgraded their ratings on Kelly Services, with an average price target of $25.00 and an overall consensus rating of "Buy".

Kelly Services, Inc. (NASDAQ:KELYA - Get Free Report) SVP Daniel Malan sold 7,840 shares of Kelly Services stock in a transaction dated Thursday, September 25th. The stock was sold at an average price of $12.86, for a total value of $100,822.40. Following the completion of the transaction, the senior vice president owned 79,791 shares in the company, valued at $1,026,112.26. The trade was a 8.95% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Kelly Services Stock Performance

Shares of Kelly Services stock traded down $0.06 during trading on Thursday, reaching $12.87. The company's stock had a trading volume of 412,565 shares, compared to its average volume of 309,828. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.52 and a current ratio of 1.52. The business's fifty day moving average price is $13.58 and its 200-day moving average price is $12.62. The firm has a market cap of $453.67 million, a price-to-earnings ratio of -64.35, a price-to-earnings-growth ratio of 0.48 and a beta of 0.89. Kelly Services, Inc. has a one year low of $10.80 and a one year high of $22.44.

Kelly Services (NASDAQ:KELYA - Get Free Report) last posted its quarterly earnings data on Thursday, August 7th. The business services provider reported $0.54 EPS for the quarter, hitting analysts' consensus estimates of $0.54. The business had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.12 billion. Kelly Services had a positive return on equity of 5.65% and a negative net margin of 0.14%. Kelly Services has set its Q3 2025 guidance at EPS. As a group, equities research analysts predict that Kelly Services, Inc. will post 2.45 earnings per share for the current year.

Kelly Services Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 3rd. Investors of record on Wednesday, August 20th were paid a dividend of $0.075 per share. This represents a $0.30 annualized dividend and a yield of 2.3%. The ex-dividend date was Wednesday, August 20th. Kelly Services's payout ratio is currently -150.00%.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on KELYA shares. UBS Group restated an "outperform" rating on shares of Kelly Services in a research note on Friday, September 12th. Barrington Research restated an "outperform" rating and set a $25.00 price target on shares of Kelly Services in a research note on Tuesday. Finally, Wall Street Zen upgraded Kelly Services from a "buy" rating to a "strong-buy" rating in a research note on Sunday, September 14th. Two equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock presently has an average rating of "Buy" and an average price target of $25.00.

Institutional Investors Weigh In On Kelly Services

Institutional investors have recently added to or reduced their stakes in the stock. Parallel Advisors LLC boosted its holdings in Kelly Services by 5,012.7% during the first quarter. Parallel Advisors LLC now owns 2,812 shares of the business services provider's stock valued at $37,000 after purchasing an additional 2,757 shares in the last quarter. Quarry LP acquired a new stake in Kelly Services during the first quarter valued at approximately $48,000. Tower Research Capital LLC TRC boosted its holdings in Kelly Services by 83.5% during the second quarter. Tower Research Capital LLC TRC now owns 4,324 shares of the business services provider's stock valued at $51,000 after purchasing an additional 1,967 shares in the last quarter. State of Wyoming acquired a new stake in Kelly Services during the second quarter valued at approximately $116,000. Finally, PharVision Advisers LLC acquired a new stake in Kelly Services during the first quarter valued at approximately $136,000. 76.34% of the stock is owned by institutional investors and hedge funds.

About Kelly Services

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 permanent placement services providing administrative, accounting, and finance; light industrial; contact center staffing; and other workforce solutions.

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