Thrivent Financial for Lutherans Has $544,000 Stock Position in Kelly Services, Inc. (NASDAQ:KELYA)

Thrivent Financial for Lutherans lowered its stake in Kelly Services, Inc. (NASDAQ:KELYA) by 5.2% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 25,399 shares of the business services provider’s stock after selling 1,391 shares during the period. Thrivent Financial for Lutherans owned approximately 0.07% of Kelly Services worth $544,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Northwestern Mutual Wealth Management Co. bought a new stake in Kelly Services in the 2nd quarter valued at about $30,000. Innealta Capital LLC bought a new stake in shares of Kelly Services during the 2nd quarter worth approximately $39,000. nVerses Capital LLC bought a new stake in shares of Kelly Services during the 2nd quarter worth approximately $47,000. Meeder Asset Management Inc. bought a new stake in shares of Kelly Services during the 2nd quarter worth approximately $51,000. Finally, Price T Rowe Associates Inc. MD bought a new stake in shares of Kelly Services during the 1st quarter worth approximately $225,000. Institutional investors own 76.34% of the company’s stock.

Kelly Services Trading Down 0.1 %

Shares of NASDAQ KELYA opened at $14.41 on Thursday. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.61 and a current ratio of 1.61. Kelly Services, Inc. has a 52-week low of $13.71 and a 52-week high of $25.27. The firm has a 50 day moving average price of $18.25 and a two-hundred day moving average price of $20.27. The stock has a market cap of $513.14 million, a P/E ratio of 12.53, a price-to-earnings-growth ratio of 0.59 and a beta of 1.12.

Kelly Services (NASDAQ:KELYA) last posted its quarterly earnings data on Thursday, November 7th. The business services provider reported $0.21 earnings per share for the quarter, missing the consensus estimate of $0.44 by ($0.23). Kelly Services had a return on equity of 6.93% and a net margin of 0.97%. The firm had revenue of $1.04 billion for the quarter, compared to analyst estimates of $1.07 billion. During the same quarter last year, the company earned $0.50 earnings per share. The company’s quarterly revenue was down 7.1% compared to the same quarter last year. As a group, equities analysts forecast that Kelly Services, Inc. will post 1.93 EPS for the current year.

Kelly Services Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 4th. Stockholders of record on Wednesday, November 20th were given a dividend of $0.075 per share. This represents a $0.30 annualized dividend and a dividend yield of 2.08%. The ex-dividend date was Wednesday, November 20th. Kelly Services’s dividend payout ratio (DPR) is presently 26.09%.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. StockNews.com downgraded shares of Kelly Services from a “buy” rating to a “hold” rating in a report on Friday, August 9th. Barrington Research cut their price target on shares of Kelly Services from $29.00 to $25.00 and set an “outperform” rating for the company in a report on Monday, November 18th.

Insider Transactions at Kelly Services

In related news, SVP Daniel H. Malan purchased 3,500 shares of Kelly Services stock in a transaction on Wednesday, November 20th. The stock was acquired at an average cost of $13.88 per share, for a total transaction of $48,580.00. Following the completion of the acquisition, the senior vice president now owns 95,906 shares of the company’s stock, valued at $1,331,175.28. This trade represents a 3.79 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. 3.90% of the stock is currently owned by corporate insiders.

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.