BNP Paribas Financial Markets Sells 17,863 Shares of Kelly Services, Inc. (NASDAQ:KELYA)

BNP Paribas Financial Markets trimmed its holdings in Kelly Services, Inc. (NASDAQ:KELYAFree Report) by 52.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 16,251 shares of the business services provider’s stock after selling 17,863 shares during the quarter. BNP Paribas Financial Markets’ holdings in Kelly Services were worth $351,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of KELYA. Los Angeles Capital Management LLC lifted its position in shares of Kelly Services by 2.4% in the 4th quarter. Los Angeles Capital Management LLC now owns 64,668 shares of the business services provider’s stock worth $1,398,000 after acquiring an additional 1,520 shares during the period. American Century Companies Inc. increased its holdings in Kelly Services by 1.1% in the 3rd quarter. American Century Companies Inc. now owns 295,539 shares of the business services provider’s stock valued at $5,376,000 after buying an additional 3,319 shares during the period. River Road Asset Management LLC raised its stake in shares of Kelly Services by 0.5% in the 3rd quarter. River Road Asset Management LLC now owns 880,182 shares of the business services provider’s stock valued at $16,011,000 after buying an additional 4,009 shares in the last quarter. Mackenzie Financial Corp lifted its holdings in shares of Kelly Services by 10.7% during the 4th quarter. Mackenzie Financial Corp now owns 43,691 shares of the business services provider’s stock worth $945,000 after acquiring an additional 4,228 shares during the period. Finally, Brandywine Global Investment Management LLC boosted its position in shares of Kelly Services by 5.0% during the 3rd quarter. Brandywine Global Investment Management LLC now owns 107,566 shares of the business services provider’s stock valued at $1,957,000 after acquiring an additional 5,147 shares in the last quarter. Institutional investors and hedge funds own 76.34% of the company’s stock.

Insider Activity

In other Kelly Services news, EVP Olivier Thirot sold 20,000 shares of the company’s stock in a transaction on Thursday, March 7th. The shares were sold at an average price of $24.07, for a total transaction of $481,400.00. Following the completion of the sale, the executive vice president now 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 is accessible through this hyperlink. In related news, EVP Olivier Thirot sold 20,000 shares of the stock in a transaction that occurred 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 sale, 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 is accessible through this hyperlink. Also, SVP Timothy L. Dupree sold 12,711 shares of Kelly Services stock in a transaction that occurred on Friday, March 8th. The stock was sold at an average price of $24.98, for a total transaction of $317,520.78. Following the transaction, the senior vice president now directly owns 32,392 shares in the company, valued at approximately $809,152.16. The disclosure for this sale can be found here. Insiders own 3.90% of the company’s stock.

Kelly Services Price Performance

Shares of KELYA opened at $22.03 on Wednesday. The company has a market capitalization of $782.51 million, a P/E ratio of 16.09, a PEG ratio of 0.90 and a beta of 1.24. Kelly Services, Inc. has a one year low of $16.62 and a one year high of $25.27. The business’s 50 day simple moving average is $23.36 and its 200-day simple moving average is $22.41.

Kelly Services (NASDAQ:KELYAGet Free Report) last issued its quarterly earnings data on Thursday, May 9th. The business services provider reported $0.56 EPS for the quarter, topping analysts’ consensus estimates of $0.46 by $0.10. Kelly Services had a net margin of 1.11% and a return on equity of 6.87%. The firm had revenue of $1.05 billion for the quarter, compared to analyst estimates of $1.04 billion. On average, sell-side analysts anticipate that Kelly Services, Inc. will post 1.87 EPS for the current fiscal year.

Kelly Services Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 4th. Shareholders of record on Monday, May 20th were given a dividend of $0.075 per share. The ex-dividend date of this dividend was Friday, May 17th. This represents a $0.30 dividend on an annualized basis and a yield of 1.36%. Kelly Services’s payout ratio is presently 21.58%.

Analyst Upgrades and Downgrades

Separately, Barrington Research reiterated an “outperform” rating and set a $29.00 price objective on shares of Kelly Services in a research note on Tuesday, May 28th.

Get Our Latest Report on KELYA

About Kelly Services

(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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Institutional Ownership by Quarter for Kelly Services (NASDAQ:KELYA)

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