Kelly Services, Inc. (NASDAQ:KELYA) Shares Sold by BNP Paribas Financial Markets

BNP Paribas Financial Markets decreased its holdings in Kelly Services, Inc. (NASDAQ:KELYA) by 51.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,883 shares of the business services provider’s stock after selling 8,245 shares during the period. BNP Paribas Financial Markets’ holdings in Kelly Services were worth $169,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in KELYA. Northwestern Mutual Wealth Management Co. purchased a new stake in shares of Kelly Services in the second quarter valued at approximately $30,000. Innealta Capital LLC acquired a new position in shares of Kelly Services in the 2nd quarter valued at $39,000. nVerses Capital LLC purchased a new stake in shares of Kelly Services during the 2nd quarter valued at $47,000. Meeder Asset Management Inc. acquired a new stake in shares of Kelly Services during the 2nd quarter worth $51,000. Finally, Quest Partners LLC purchased a new position in shares of Kelly Services in the 3rd quarter worth $158,000. 76.34% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, Barrington Research decreased their price target on Kelly Services from $29.00 to $25.00 and set an “outperform” rating for the company in a report on Monday, November 18th.

Kelly Services Stock Performance

Shares of KELYA stock opened at $13.42 on Wednesday. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.61 and a quick ratio of 1.61. Kelly Services, Inc. has a 12-month low of $13.25 and a 12-month high of $25.27. The business has a 50 day simple moving average of $17.16 and a 200 day simple moving average of $19.81. The firm has a market capitalization of $477.89 million, a price-to-earnings ratio of 11.64, a price-to-earnings-growth ratio of 0.56 and a beta of 1.12.

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

Kelly Services Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 4th. Shareholders of record on Wednesday, November 20th were given a $0.075 dividend. The ex-dividend date of this dividend was Wednesday, November 20th. This represents a $0.30 annualized dividend and a yield of 2.24%. Kelly Services’s dividend payout ratio is 26.09%.

Insider Activity at Kelly Services

In other news, SVP Daniel H. Malan bought 3,500 shares of the stock in a transaction dated Wednesday, November 20th. The stock was bought at an average cost of $13.88 per share, with a total value of $48,580.00. Following the purchase, the senior vice president now owns 95,906 shares of the company’s stock, valued at approximately $1,331,175.28. This represents a 3.79 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 3.90% of the company’s stock.

Kelly Services Company 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.