Shares of Kelly Services, Inc. (NASDAQ:KELYA - Get Free Report) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $12.56 and traded as high as $14.28. Kelly Services shares last traded at $14.15, with a volume of 669,331 shares.
Analyst Ratings Changes
KELYA has been the topic of a number of analyst reports. Wall Street Zen cut Kelly Services from a "buy" rating to a "hold" rating in a research note on Tuesday, May 20th. Barrington Research reiterated an "outperform" rating and issued a $25.00 price objective on shares of Kelly Services in a report on Tuesday, May 20th.
Read Our Latest Research Report on Kelly Services
Kelly Services Price Performance
The business has a 50-day moving average of $12.29 and a 200 day moving average of $12.54. The firm has a market capitalization of $483.20 million, a P/E ratio of -69.25, a price-to-earnings-growth ratio of 0.52 and a beta of 0.99. The company has a current ratio of 1.52, a quick ratio of 1.52 and a debt-to-equity ratio of 0.06.
Kelly Services (NASDAQ:KELYA - Get Free Report) last issued its quarterly earnings results on Thursday, August 7th. The business services provider reported $0.54 earnings per share for the quarter, hitting analysts' consensus estimates of $0.54. Kelly Services had a negative net margin of 0.14% and a positive return on equity of 5.65%. The company had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.12 billion. On average, sell-side analysts predict that Kelly Services, Inc. will post 2.45 earnings per share for the current fiscal year.
Kelly Services Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 3rd. Investors of record on Wednesday, August 20th will be given a $0.075 dividend. The ex-dividend date is Wednesday, August 20th. This represents a $0.30 dividend on an annualized basis and a yield of 2.2%. Kelly Services's payout ratio is presently -150.00%.
Institutional Trading of Kelly Services
Several institutional investors have recently added to or reduced their stakes in KELYA. Boston Partners boosted its stake in shares of Kelly Services by 9.2% during the first quarter. Boston Partners now owns 2,062,292 shares of the business services provider's stock valued at $26,622,000 after purchasing an additional 172,903 shares during the period. Millennium Management LLC boosted its stake in shares of Kelly Services by 8.5% during the first quarter. Millennium Management LLC now owns 1,188,264 shares of the business services provider's stock valued at $15,649,000 after purchasing an additional 93,026 shares during the period. Geode Capital Management LLC boosted its stake in shares of Kelly Services by 1.2% during the fourth quarter. Geode Capital Management LLC now owns 791,125 shares of the business services provider's stock valued at $11,031,000 after purchasing an additional 9,464 shares during the period. Nuveen LLC purchased a new stake in shares of Kelly Services during the first quarter valued at approximately $8,739,000. Finally, Charles Schwab Investment Management Inc. boosted its stake in shares of Kelly Services by 26.5% during the first quarter. Charles Schwab Investment Management Inc. now owns 650,134 shares of the business services provider's stock valued at $8,562,000 after purchasing an additional 136,392 shares during the period. 76.34% of the stock is currently owned by hedge funds and other institutional investors.
About Kelly Services
(
Get 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 permanent placement services providing administrative, accounting, and finance; light industrial; contact center staffing; and other workforce solutions.
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