Kelly Services (NASDAQ:KELYA) SVP Nicola Soares Sells 27,412 Shares

Key Points

• SVP Nicola Soares of Kelly Services sold 27,412 shares at an average price of $13.43, amounting to $368,143.16, and reduced her position by 40.58%.
• The company reported a quarterly earnings per share (EPS) of $0.54 and had revenue of $1.10 billion, slightly below analyst expectations.
• Kelly Services declared a quarterly dividend of $0.075 per share, yielding 2.2%, despite having a negative payout ratio of -150.00%.

Kelly Services, Inc. (NASDAQ:KELYA - Get Free Report) SVP Nicola Soares sold 27,412 shares of Kelly Services stock in a transaction on Tuesday, September 23rd. The shares were sold at an average price of $13.43, for a total value of $368,143.16. Following the sale, the senior vice president directly owned 40,134 shares in the company, valued at $538,999.62. The trade was a 40.58% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Kelly Services Price Performance

Shares of KELYA stock traded down $0.29 during mid-day trading on Tuesday, hitting $13.44. 335,062 shares of the stock traded hands, compared to its average volume of 300,761. Kelly Services, Inc. has a twelve month low of $10.80 and a twelve month high of $22.44. The firm has a market cap of $473.76 million, a price-to-earnings ratio of -67.20, a price-to-earnings-growth ratio of 0.49 and a beta of 0.89. The company's 50-day simple moving average is $13.57 and its 200-day simple moving average is $12.61. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.52 and a current ratio of 1.52.

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 (EPS) for the quarter, meeting the consensus estimate of $0.54. The company had revenue of $1.10 billion for the quarter, compared to analysts' expectations 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 expect that Kelly Services, Inc. will post 2.45 earnings per share for the current year.

Kelly Services Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 3rd. Investors of record on Wednesday, August 20th were given a dividend of $0.075 per share. This represents a $0.30 annualized dividend and a yield of 2.2%. The ex-dividend date of this dividend was Wednesday, August 20th. Kelly Services's payout ratio is presently -150.00%.

Analyst Upgrades and Downgrades

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

Institutional Trading of Kelly Services

A number of hedge funds have recently modified their holdings of the company. Parallel Advisors LLC lifted its position in shares of Kelly Services by 5,012.7% during the 1st quarter. Parallel Advisors LLC now owns 2,812 shares of the business services provider's stock worth $37,000 after buying an additional 2,757 shares during the period. Quarry LP bought a new position in shares of Kelly Services during the 1st quarter worth approximately $48,000. Tower Research Capital LLC TRC lifted its position in shares of Kelly Services by 83.5% during the 2nd quarter. Tower Research Capital LLC TRC now owns 4,324 shares of the business services provider's stock worth $51,000 after buying an additional 1,967 shares during the period. State of Wyoming bought a new position in shares of Kelly Services during the 2nd quarter worth approximately $116,000. Finally, PharVision Advisers LLC bought a new position in shares of Kelly Services during the 1st quarter worth approximately $136,000. Institutional investors own 76.34% of the company's stock.

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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