BNP Paribas Financial Markets Sells 8,245 Shares of Kelly Services, Inc. (NASDAQ:KELYA)

BNP Paribas Financial Markets lessened its holdings in Kelly Services, Inc. (NASDAQ:KELYA) by 51.1% during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund 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 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Federated Hermes Inc. increased its holdings in shares of Kelly Services by 6.8% in the second quarter. Federated Hermes Inc. now owns 10,454 shares of the business services provider’s stock worth $224,000 after purchasing an additional 668 shares during the period. Bailard Inc. increased its stake in Kelly Services by 6.9% in the 2nd quarter. Bailard Inc. now owns 10,874 shares of the business services provider’s stock worth $233,000 after purchasing an additional 700 shares during the period. US Bancorp DE raised its holdings in Kelly Services by 9.3% during the 3rd quarter. US Bancorp DE now owns 10,135 shares of the business services provider’s stock valued at $217,000 after buying an additional 866 shares during the last quarter. Northwestern Mutual Wealth Management Co. bought a new position in shares of Kelly Services during the second quarter valued at about $30,000. Finally, Innealta Capital LLC purchased a new stake in Kelly Services in the 2nd quarter worth approximately $39,000. Institutional investors own 76.34% of the company’s stock.

Insider Buying and Selling at Kelly Services

In other Kelly Services news, SVP Daniel H. Malan purchased 3,500 shares of the stock in a transaction on Wednesday, November 20th. The shares were bought at an average cost of $13.88 per share, with a total value of $48,580.00. Following the completion of the acquisition, the senior vice president now owns 95,906 shares in the company, valued at $1,331,175.28. This trade represents a 3.79 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. 3.90% of the stock is owned by insiders.

Kelly Services Trading Down 1.8 %

Shares of Kelly Services stock opened at $13.42 on Wednesday. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.61 and a current ratio of 1.61. The company has a fifty day moving average of $17.16 and a 200 day moving average of $19.81. The company has a market capitalization of $477.89 million, a P/E ratio of 11.64, a P/E/G ratio of 0.56 and a beta of 1.12. Kelly Services, Inc. has a fifty-two week low of $13.25 and a fifty-two week high of $25.27.

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

Kelly Services Announces Dividend

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

Analyst Upgrades and Downgrades

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

Kelly Services 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.