Great West Life Assurance Co. Can continued to hold its stake in shares of Kelly Services Inc. (NASDAQ:KELYA) during the second quarter, Holdings Channel reports. The firm owned 5,300 shares of the company’s stock at the end of the second quarter. Great West Life Assurance Co. Can’s holdings in Kelly Services were worth $101,000 as of its most recent filing with the SEC.
Several other hedge funds also recently made changes to their positions in KELYA. Nordea Investment Management AB boosted its stake in Kelly Services by 31.9% in the second quarter. Nordea Investment Management AB now owns 66,600 shares of the company’s stock valued at $1,263,000 after buying an additional 16,100 shares in the last quarter. BNP Paribas Arbitrage SA boosted its stake in Kelly Services by 109.3% in the second quarter. BNP Paribas Arbitrage SA now owns 9,272 shares of the company’s stock valued at $176,000 after buying an additional 4,842 shares in the last quarter. Arizona State Retirement System boosted its stake in Kelly Services by 3.4% in the first quarter. Arizona State Retirement System now owns 15,160 shares of the company’s stock valued at $290,000 after buying an additional 500 shares in the last quarter. Barclays PLC acquired a new stake in Kelly Services during the first quarter valued at approximately $373,000. Finally, Springbok Capital Management LLC boosted its stake in Kelly Services by 272.5% in the first quarter. Springbok Capital Management LLC now owns 6,996 shares of the company’s stock valued at $134,000 after buying an additional 5,118 shares in the last quarter. 64.76% of the stock is currently owned by institutional investors and hedge funds.
Shares of Kelly Services Inc. (NASDAQ:KELYA) traded up 1.85% during trading on Friday, hitting $19.22. The stock had a trading volume of 101,131 shares. The stock has a market capitalization of $732.15 million, a price-to-earnings ratio of 11.82 and a beta of 1.89. Kelly Services Inc. has a 52 week low of $13.82 and a 52 week high of $20.98. The stock’s 50 day moving average is $19.08 and its 200 day moving average is $19.19.
Kelly Services (NASDAQ:KELYA) last issued its quarterly earnings results on Wednesday, August 10th. The company reported $0.29 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.31 by $0.02. Kelly Services had a net margin of 1.14% and a return on equity of 7.03%. The firm had revenue of $1.38 billion for the quarter, compared to the consensus estimate of $1.39 billion. The company’s revenue was down .7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.18 earnings per share. On average, equities research analysts expect that Kelly Services Inc. will post $1.57 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, September 2nd. Shareholders of record on Tuesday, August 23rd were issued a dividend of $0.075 per share. This represents a $0.30 dividend on an annualized basis and a yield of 1.56%. The ex-dividend date of this dividend was Friday, August 19th. Kelly Services’s payout ratio is 18.41%.
Separately, Zacks Investment Research upgraded Kelly Services from a “sell” rating to a “hold” rating in a research report on Wednesday, July 13th.
In other news, VP George S. Corona sold 10,000 shares of the business’s stock in a transaction that occurred on Monday, August 29th. The stock was sold at an average price of $19.41, for a total value of $194,100.00. Following the transaction, the vice president now directly owns 238,436 shares of the company’s stock, valued at approximately $4,628,042.76. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Steven Shelby Armstrong sold 18,000 shares of the business’s stock in a transaction that occurred on Wednesday, September 7th. The stock was sold at an average price of $19.36, for a total value of $348,480.00. Following the completion of the transaction, the insider now directly owns 42,335 shares in the company, valued at $819,605.60. The disclosure for this sale can be found here. Company insiders own 16.10% of the company’s stock.
Kelly Services Company Profile
Kelly Services, Inc is a workforce solutions provider. The Company provides workforce solutions in over three regions: the Americas; Europe, the Middle East and Africa (EMEA), and Asia Pacific (APAC). It operates in seven segments: Americas Commercial, Americas Professional and Technical (Americas PT), EMEA Commercial, EMEA Professional and Technical (EMEA PT), APAC Commercial, APAC Professional and Technical (APAC PT), and Outsourcing and Consulting Group (OCG).
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