Nationwide Fund Advisors decreased its position in shares of Kelly Services Inc. (NASDAQ:KELYA) by 2.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 136,135 shares of the company’s stock after selling 2,800 shares during the period. Nationwide Fund Advisors owned about 0.36% of Kelly Services worth $2,582,000 as of its most recent filing with the SEC.
Several other large investors have also modified their holdings of the stock. Royce & Associates LP increased its stake in shares of Kelly Services by 4.6% in the second quarter. Royce & Associates LP now owns 1,167,200 shares of the company’s stock worth $22,142,000 after buying an additional 51,100 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC increased its position in shares of Kelly Services by 2.8% in the second quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 320,525 shares of the company’s stock valued at $6,081,000 after buying an additional 8,691 shares in the last quarter. LSV Asset Management purchased a new position in shares of Kelly Services during the second quarter valued at $2,564,000. GSA Capital Partners LLP increased its position in shares of Kelly Services by 11.0% in the second quarter. GSA Capital Partners LLP now owns 157,974 shares of the company’s stock valued at $2,997,000 after buying an additional 15,700 shares in the last quarter. Finally, DIAM Co. Ltd. purchased a new position in shares of Kelly Services during the second quarter valued at $139,000. 64.78% of the stock is owned by hedge funds and other institutional investors.
Shares of Kelly Services Inc. (NASDAQ:KELYA) traded up 0.78% on Monday, reaching $19.47. 9,858 shares of the company traded hands. Kelly Services Inc. has a 1-year low of $14.35 and a 1-year high of $20.98. The company has a 50-day moving average of $19.10 and a 200-day moving average of $19.26. The stock has a market capitalization of $741.67 million, a price-to-earnings ratio of 11.97 and a beta of 1.75.
Kelly Services (NASDAQ:KELYA) last posted its quarterly earnings results on Wednesday, August 10th. The company reported $0.29 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.31 by $0.02. The company earned $1.38 billion during the quarter, compared to analysts’ expectations of $1.39 billion. Kelly Services had a return on equity of 7.03% and a net margin of 1.14%. The company’s quarterly revenue was down .7% on a year-over-year basis. During the same period in the prior year, the business posted $0.18 EPS. Analysts anticipate that Kelly Services Inc. will post $1.57 earnings per share for the current fiscal year.
Separately, Zacks Investment Research raised shares of Kelly Services from a “sell” rating to a “hold” rating in a report on Monday, September 12th.
In related news, insider Steven Shelby Armstrong sold 18,000 shares of the firm’s stock in a transaction on Wednesday, September 7th. The shares were sold at an average price of $19.36, for a total transaction of $348,480.00. Following the completion of the transaction, the insider now owns 42,335 shares of the company’s stock, valued at $819,605.60. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director B Joseph White sold 7,899 shares of the firm’s stock in a transaction on Wednesday, September 28th. The stock was sold at an average price of $19.11, for a total transaction of $150,949.89. Following the transaction, the director now directly owns 22,090 shares of the company’s stock, valued at approximately $422,139.90. The disclosure for this sale can be found here. 16.10% of the stock is currently owned by company insiders.
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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