Kelly Services, Inc. (NASDAQ:KELYA – Get Rating) – Equities researchers at Barrington Research lowered their FY2023 earnings per share estimates for shares of Kelly Services in a research report issued on Thursday, November 17th. Barrington Research analyst K. Steinke now anticipates that the business services provider will post earnings per share of $2.03 for the year, down from their prior estimate of $2.31. Barrington Research currently has a “Outperform” rating and a $24.00 price objective on the stock. The consensus estimate for Kelly Services’ current full-year earnings is $1.67 per share.
Several other equities analysts also recently commented on KELYA. StockNews.com assumed coverage on Kelly Services in a research report on Wednesday, October 12th. They set a “hold” rating for the company. Noble Financial cut their target price on Kelly Services to $25.00 in a research report on Wednesday, November 16th.
Kelly Services Trading Down 1.2 %
Kelly Services Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 7th. Investors of record on Wednesday, November 23rd will be issued a dividend of $0.075 per share. The ex-dividend date of this dividend is Tuesday, November 22nd. This represents a $0.30 dividend on an annualized basis and a yield of 1.78%. Kelly Services’s dividend payout ratio is 150.01%.
Institutional Investors Weigh In On Kelly Services
A number of hedge funds and other institutional investors have recently bought and sold shares of KELYA. US Bancorp DE increased its stake in shares of Kelly Services by 16.9% in the 1st quarter. US Bancorp DE now owns 4,185 shares of the business services provider’s stock valued at $91,000 after buying an additional 606 shares during the period. Sei Investments Co. increased its stake in shares of Kelly Services by 3.0% in the 2nd quarter. Sei Investments Co. now owns 20,670 shares of the business services provider’s stock valued at $393,000 after buying an additional 609 shares during the period. Mutual of America Capital Management LLC increased its stake in shares of Kelly Services by 11.8% in the 2nd quarter. Mutual of America Capital Management LLC now owns 5,804 shares of the business services provider’s stock valued at $115,000 after buying an additional 612 shares during the period. Boston Partners increased its stake in shares of Kelly Services by 2.0% in the 3rd quarter. Boston Partners now owns 35,131 shares of the business services provider’s stock valued at $477,000 after buying an additional 704 shares during the period. Finally, Captrust Financial Advisors increased its stake in shares of Kelly Services by 21.5% in the 2nd quarter. Captrust Financial Advisors now owns 4,141 shares of the business services provider’s stock valued at $82,000 after buying an additional 734 shares during the period. 77.36% of the stock is owned by institutional investors and hedge funds.
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 direct-hire services in the areas of office, professional, light industrial, and contact center specialties.
- Get a free copy of the StockNews.com research report on Kelly Services (KELYA)
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