American Century Companies Inc. Boosts Stock Position in Kelly Services, Inc. (NASDAQ:KELYA)

American Century Companies Inc. lifted its position in Kelly Services, Inc. (NASDAQ:KELYAFree Report) by 1.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 295,539 shares of the business services provider’s stock after buying an additional 3,319 shares during the quarter. American Century Companies Inc. owned approximately 0.84% of Kelly Services worth $5,376,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Royal Bank of Canada grew its stake in Kelly Services by 131.6% during the 3rd quarter. Royal Bank of Canada now owns 2,121 shares of the business services provider’s stock worth $29,000 after purchasing an additional 1,205 shares in the last quarter. UBS Group AG boosted its position in shares of Kelly Services by 7,115.6% in the 2nd quarter. UBS Group AG now owns 2,309 shares of the business services provider’s stock valued at $46,000 after purchasing an additional 2,277 shares during the period. Quarry LP purchased a new stake in Kelly Services during the 2nd quarter valued at approximately $69,000. Quantbot Technologies LP purchased a new stake in Kelly Services during the 2nd quarter valued at approximately $73,000. Finally, Captrust Financial Advisors raised its stake in Kelly Services by 43.0% during the 1st quarter. Captrust Financial Advisors now owns 3,407 shares of the business services provider’s stock valued at $74,000 after acquiring an additional 1,024 shares during the last quarter. Hedge funds and other institutional investors own 76.34% of the company’s stock.

Insider Activity at Kelly Services

In related news, SVP Timothy L. Dupree sold 12,711 shares of the firm’s stock in a transaction that occurred on Friday, March 8th. The stock was sold at an average price of $24.98, for a total value of $317,520.78. Following the completion of the transaction, the senior vice president now directly owns 32,392 shares of the company’s stock, valued at approximately $809,152.16. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other Kelly Services news, SVP Timothy L. Dupree sold 12,711 shares of the stock in a transaction on Friday, March 8th. The stock was sold at an average price of $24.98, for a total transaction of $317,520.78. Following the sale, the senior vice president now owns 32,392 shares in the company, valued at approximately $809,152.16. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Olivier Thirot sold 20,000 shares of the stock in a transaction on Thursday, March 7th. The shares were sold at an average price of $24.07, for a total value of $481,400.00. Following the sale, the executive vice president now owns 174,793 shares in the company, valued at approximately $4,207,267.51. The disclosure for this sale can be found here. 3.50% of the stock is currently owned by company insiders.

Kelly Services Trading Up 1.1 %

Shares of KELYA stock opened at $24.76 on Wednesday. The company has a market cap of $873.78 million, a price-to-earnings ratio of 25.27, a price-to-earnings-growth ratio of 1.05 and a beta of 1.17. The stock has a 50 day simple moving average of $22.71 and a 200-day simple moving average of $20.77. Kelly Services, Inc. has a 12-month low of $15.53 and a 12-month high of $25.27.

Kelly Services (NASDAQ:KELYAGet Free Report) last issued its earnings results on Thursday, February 15th. The business services provider reported $0.93 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.55 by $0.38. The business had revenue of $1.23 billion during the quarter, compared to the consensus estimate of $1.22 billion. Kelly Services had a return on equity of 6.50% and a net margin of 0.75%. The company’s revenue for the quarter was down .1% on a year-over-year basis. During the same period in the prior year, the business posted $0.18 EPS. On average, equities analysts forecast that Kelly Services, Inc. will post 1.78 earnings per share for the current fiscal year.

Kelly Services Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 13th. Investors of record on Tuesday, February 27th were paid a $0.075 dividend. This represents a $0.30 annualized dividend and a yield of 1.21%. The ex-dividend date was Monday, February 26th. Kelly Services’s payout ratio is currently 30.61%.

About Kelly Services

(Free Report)

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.

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Institutional Ownership by Quarter for Kelly Services (NASDAQ:KELYA)

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