Here is the rundown on market activity for Kelly Services, Inc. (NASDAQ:KELYA). Donald R. Parfet, Director let go of $508,870 worth of shares at an average price of $23.10 on June 9th. The Director now owns $543,312 of the stock per an SEC filing yesterday. Antonina M. Ramsey, Sr VP sold $361,950 worth of shares at an average price of $24.13 on Wed the 17th. Ramsey now owns $1,150,470 of stock as recorded in a recent Form 4 SEC filing.
Sr VP Steven Shelby Armstrong sold 3,000 shares at an average price of $21.71 on Tue the 21st. That brings the Sr VP’s holdings to $799,623 as reported to the SEC.
Kelly Services, Inc., launched on August 27, 1952, is a workforce solutions provider, which is involved in offering a range of specialty services. The Company provides workforce solutions in three regions: the Americas; Europe, the Middle East and Africa (EMEA), and Asia Pacific (APAC). The Business’s segments are Americas Commercial, Americas Professional and Technical (Americas PT), EMEA Commercial, EMEA Professional and Technical (EMEA PT), and Outsourcing and Consulting Group (OCG). The Company places professional and technical employees at various levels in engineering, information technology (IT), law, healthcare and finance..
The following firms have also recently changed their position in KELYA. As of quarter end Morgan Stanley had disposed of a total of 212 shares trimming its holdings by 23.5%. The value of the investment in Kelly Services, Inc. decreased from $21,000 to $15,000 a change of 28.6% quarter to quarter. As of the end of the quarter Westpac Banking Corp had sold 1,539 shares trimming its position 8.9%. The value of the company’s investment in Kelly Services, Inc. went from $398,000 to $346,000 decreasing 13.1% since the last quarter.
Goldman Sachs Group Inc bolstered its position by buying 1,740 shares an increase of 14.2% in the quarter. Goldman Sachs Group Inc currently owns 14,015 shares with a value of $306,000. The total value of its holdings increased 8.9%. Horizon Investment Services, LLC reduced its investment by selling 5,889 shares a decrease of 28.6% as of 03/31/2017. Horizon Investment Services, LLC controls 14,671 shares valued at $321,000. The value of the position overall is down by 31.8%.
The company is trading down since yesterday’s close of $23.15. Additionally the company recently announced a dividend for shareholders paid on Wednesday the 7th of June 2017. The dividend payment was $0.075 per share for the quarter or $0.30 on an annualized basis. This dividend amount represented a yeild of $1.30. The ex-dividend date was Friday the 19th of May 2017.
It is trading at $22.96 which is marginally over $22.87, the stock’s 50 day moving average and which is marginally higher than the 200 day moving average of $22.08. The 50 day moving average was up by +0.66% and the 200 day average went up $0.94 or +4.26%.
Kelly Services, Inc.’s P/E ratio is 7.44 and the market cap is 881.37M. In the last earnings report the EPS was $3.09 and is expected to be $1.72 for the current year with 38,287,000 shares now outstanding. Next quarter’s EPS is forecasted to be $0.51 and the next full year EPS is projected to be $1.87.
Short traders are feeling a little more bearish on shares of the company lately as inferred by the change in short interest. The firm recorded a rise in short interest between May 15, 2017 and April 28, 2017 of 8.88%. Short interest grew from 509,305 to 554,515 over that timeframe. Days to cover decreased -0.2 to 3.8 and the short interest percentage is 0.01% as of April 28.