Nisa Investment Advisors LLC Sells 1,410 Shares of Kelly Services, Inc. (NASDAQ:KELYA)

Nisa Investment Advisors LLC reduced its stake in Kelly Services, Inc. (NASDAQ:KELYA) by 12.5% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 9,843 shares of the business services provider’s stock after selling 1,410 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Kelly Services were worth $213,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in the stock. Vanguard Group Inc. boosted its stake in shares of Kelly Services by 3.0% in the third quarter. Vanguard Group Inc. now owns 3,659,949 shares of the business services provider’s stock valued at $49,739,000 after buying an additional 107,704 shares during the period. Dimensional Fund Advisors LP boosted its stake in shares of Kelly Services by 2.5% in the first quarter. Dimensional Fund Advisors LP now owns 2,715,657 shares of the business services provider’s stock valued at $45,052,000 after buying an additional 67,363 shares during the period. Invesco Ltd. boosted its stake in shares of Kelly Services by 3.6% in the third quarter. Invesco Ltd. now owns 1,491,736 shares of the business services provider’s stock valued at $27,135,000 after buying an additional 51,283 shares during the period. State Street Corp lifted its stake in Kelly Services by 0.9% during the first quarter. State Street Corp now owns 1,449,856 shares of the business services provider’s stock worth $24,053,000 after purchasing an additional 13,004 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its stake in Kelly Services by 5.7% during the first quarter. Charles Schwab Investment Management Inc. now owns 1,308,682 shares of the business services provider’s stock worth $21,711,000 after purchasing an additional 70,969 shares during the last quarter. 76.34% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, EVP Olivier Thirot sold 20,000 shares of the stock in a transaction on Thursday, March 7th. The stock was sold at an average price of $24.07, for a total value of $481,400.00. Following the completion of the transaction, the executive vice president now directly owns 174,793 shares in the company, valued at approximately $4,207,267.51. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, SVP Timothy L. Dupree sold 12,711 shares of the stock in a transaction on Friday, March 8th. The stock was sold at an average price of $24.98, for a total value of $317,520.78. Following the completion of the transaction, the senior vice president now directly owns 32,392 shares in the company, valued at approximately $809,152.16. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Olivier Thirot sold 20,000 shares of the stock in a transaction on Thursday, March 7th. The shares were sold at an average price of $24.07, for a total value of $481,400.00. Following the completion of the transaction, the executive vice president now owns 174,793 shares of the company’s stock, valued at $4,207,267.51. The disclosure for this sale can be found here. Corporate insiders own 3.50% of the company’s stock.

Kelly Services Price Performance

NASDAQ KELYA opened at $23.71 on Friday. The business has a fifty day moving average price of $23.89 and a two-hundred day moving average price of $21.47. Kelly Services, Inc. has a fifty-two week low of $15.53 and a fifty-two week high of $25.27. The stock has a market capitalization of $836.73 million, a PE ratio of 24.19, a PEG ratio of 1.00 and a beta of 1.18.

Kelly Services (NASDAQ:KELYA) last released its earnings results on Thursday, February 15th. The business services provider reported $0.93 earnings per share for the quarter, topping the consensus estimate of $0.55 by $0.38. Kelly Services had a return on equity of 6.50% and a net margin of 0.75%. The firm had revenue of $1.23 billion during the quarter, compared to analysts’ expectations of $1.22 billion. During the same period in the prior year, the company earned $0.18 earnings per share. The company’s quarterly revenue was down .1% on a year-over-year basis. As a group, sell-side analysts expect that Kelly Services, Inc. will post 1.78 earnings per share for the current year.

Kelly Services Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 13th. Shareholders of record on Tuesday, February 27th were paid a dividend of $0.075 per share. This represents a $0.30 annualized dividend and a yield of 1.27%. The ex-dividend date was Monday, February 26th. Kelly Services’s payout ratio is presently 30.61%.

Kelly Services Profile

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.