Kelly Services (NASDAQ:KELYA) Stock Passes Above Two Hundred Day Moving Average – Time to Sell?

Kelly Services, Inc. (NASDAQ:KELYA)’s share price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $9.75 and traded as high as $11.69. Kelly Services shares last traded at $11.63, with a volume of 344,102 shares traded.

Analyst Ratings Changes

Several research firms recently weighed in on KELYA. Zacks Research raised Kelly Services from a “strong sell” rating to a “hold” rating in a research report on Monday, April 20th. Weiss Ratings lowered Kelly Services from a “sell (d)” rating to a “sell (d-)” rating in a research report on Monday, May 11th. Two research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Kelly Services presently has an average rating of “Hold” and a consensus price target of $15.00.

Kelly Services Price Performance

The company has a quick ratio of 1.59, a current ratio of 1.59 and a debt-to-equity ratio of 0.13. The firm has a market capitalization of $403.21 million, a price-to-earnings ratio of -1.53, a P/E/G ratio of 0.86 and a beta of 0.85. The stock’s 50 day moving average price is $10.56 and its two-hundred day moving average price is $9.75.

Kelly Services (NASDAQ:KELYA) last released its quarterly earnings data on Thursday, May 7th. The business services provider reported $0.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.04). The firm had revenue of $1.04 billion for the quarter, compared to analyst estimates of $1.02 billion. Kelly Services had a negative net margin of 6.44% and a positive return on equity of 3.07%. Analysts anticipate that Kelly Services, Inc. will post 1.01 EPS for the current fiscal year.

Kelly Services Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 2nd. Stockholders of record on Monday, May 18th were paid a dividend of $0.075 per share. The ex-dividend date of this dividend was Monday, May 18th. This represents a $0.30 dividend on an annualized basis and a dividend yield of 2.6%. Kelly Services’s dividend payout ratio (DPR) is -3.95%.

Insider Transactions at Kelly Services

In related news, EVP Vanessa Peterson Williams sold 29,999 shares of Kelly Services stock in a transaction on Thursday, May 14th. The shares were sold at an average price of $9.78, for a total value of $293,390.22. Following the completion of the sale, the executive vice president owned 82,355 shares of the company’s stock, valued at approximately $805,431.90. The trade was a 26.70% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 5.40% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Quarry LP raised its holdings in Kelly Services by 173.2% in the 3rd quarter. Quarry LP now owns 1,970 shares of the business services provider’s stock worth $26,000 after acquiring an additional 1,249 shares during the period. CANADA LIFE ASSURANCE Co bought a new stake in Kelly Services during the fourth quarter valued at about $30,000. Meeder Asset Management Inc. bought a new stake in Kelly Services during the fourth quarter valued at about $42,000. Tower Research Capital LLC TRC grew its position in shares of Kelly Services by 83.5% in the second quarter. Tower Research Capital LLC TRC now owns 4,324 shares of the business services provider’s stock valued at $51,000 after purchasing an additional 1,967 shares during the last quarter. Finally, State of Alaska Department of Revenue boosted its stake in Kelly Services by 284.2% during the 4th quarter. State of Alaska Department of Revenue now owns 7,220 shares of the business services provider’s stock valued at $63,000 after purchasing an additional 5,341 shares during the period. 76.34% of the stock is currently owned by institutional investors and hedge funds.

Kelly Services Company Profile

Kelly Services, Inc is a global workforce solutions provider specializing in talent acquisition and staffing services across a wide range of industries. The company offers temporary staffing, permanent placement, outsourcing solutions, and consulting services to help organizations address their workforce needs. Its service offerings are designed to support clients in areas such as administrative support, information technology, engineering, science, education, healthcare, and industrial sectors.

Founded in 1946 by William Russell Kelly, Kelly Services has grown from a small local staffing firm into an international organization.