EMC Capital Management Sells 16,555 Shares of Kelly Services, Inc. (NASDAQ:KELYA)

EMC Capital Management lowered its position in shares of Kelly Services, Inc. (NASDAQ:KELYA) by 69.3% in the fourth quarter, Holdings Channel reports. The firm owned 7,338 shares of the business services provider’s stock after selling 16,555 shares during the period. EMC Capital Management’s holdings in Kelly Services were worth $102,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Northwestern Mutual Wealth Management Co. bought a new stake in Kelly Services during the 2nd quarter worth approximately $30,000. Versant Capital Management Inc increased its position in shares of Kelly Services by 367.1% during the fourth quarter. Versant Capital Management Inc now owns 2,396 shares of the business services provider’s stock worth $33,000 after acquiring an additional 1,883 shares in the last quarter. KBC Group NV raised its holdings in shares of Kelly Services by 109.1% during the fourth quarter. KBC Group NV now owns 3,886 shares of the business services provider’s stock worth $54,000 after acquiring an additional 2,028 shares during the period. Quest Partners LLC acquired a new stake in shares of Kelly Services in the 3rd quarter valued at about $158,000. Finally, SG Americas Securities LLC bought a new stake in Kelly Services in the 3rd quarter valued at approximately $196,000. Institutional investors own 76.34% of the company’s stock.

Analyst Ratings Changes

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

Kelly Services Price Performance

NASDAQ:KELYA opened at $14.08 on Friday. The stock has a market capitalization of $501.39 million, a PE ratio of 12.24, a P/E/G ratio of 0.42 and a beta of 1.12. Kelly Services, Inc. has a 1-year low of $12.68 and a 1-year high of $25.27. The firm has a fifty day simple moving average of $14.00 and a 200 day simple moving average of $18.04. The company has a current ratio of 1.61, a quick ratio of 1.61 and a debt-to-equity ratio of 0.18.

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

Kelly Services Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 4th. Stockholders of record on Wednesday, November 20th were paid a dividend of $0.075 per share. The ex-dividend date was Wednesday, November 20th. This represents a $0.30 annualized dividend and a dividend yield of 2.13%. Kelly Services’s dividend payout ratio is currently 26.09%.

Insider Buying and Selling

In related news, SVP Daniel H. Malan acquired 3,500 shares of the business’s stock in a transaction on Wednesday, November 20th. The stock was purchased at an average cost of $13.88 per share, for a total transaction of $48,580.00. Following the completion of the transaction, the senior vice president now directly owns 95,906 shares of the company’s stock, valued at approximately $1,331,175.28. The trade was a 3.79 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 3.90% of the stock is owned by insiders.

About Kelly Services

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.