Ukraine proposes $100 bln US weapons deal for security guarantees - FT
Troy Anderson, the Executive Vice President and Chief Financial Officer of Kelly Services Inc. (NASDAQ:KELYA), recently acquired 100 shares of the company’s Class B Common Stock. The transaction, which took place on March 28, involved a total purchase value of $1,354, with each share priced at $13.54. The purchase comes as Kelly Services trades near its 52-week low, with the stock down approximately 37% over the past six months. According to InvestingPro analysis, the company appears undervalued, trading at a notably low Price-to-Book multiple. Following this acquisition, Anderson holds 100 shares of Class B Common Stock. Additionally, he owns 201,262 shares of Class A Common Stock. InvestingPro subscribers can access comprehensive insider trading analysis and 8 additional key insights about Kelly Services through the platform’s detailed Pro Research Report, which helps investors make more informed decisions about the $461M market cap company.
In other recent news, Kelly Services reported strong fourth-quarter 2024 earnings, surpassing analyst expectations with an EPS of $0.82 compared to the forecast of $0.525. Revenue also exceeded predictions, coming in at $1.19 billion against the anticipated $1.16 billion. This performance represents a significant earnings surprise and highlights the company’s resilience, with organic revenue growth of 4.4% despite a year-over-year decline in total revenue. Kelly Services also announced the retirement of Laura Lockhart, the company’s Vice President, Chief Accounting Officer, and Corporate Controller, effective December 31, 2025, or earlier upon the appointment of her successor. Additionally, Donald R. Parfet, a long-serving director, will retire effective as of the date of the company’s 2025 annual shareholders meeting. The company has not yet announced successors for these positions. These leadership changes come as Kelly Services continues to navigate the evolving landscape of employment services. The company remains focused on integrating recent acquisitions and divesting non-core assets to streamline operations.
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