Kelly Services, Inc. (NASDAQ:KELYA) Position Lowered by AQR Capital Management LLC

AQR Capital Management LLC cut its holdings in shares of Kelly Services, Inc. (NASDAQ:KELYA - Free Report) by 11.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 300,229 shares of the business services provider's stock after selling 39,071 shares during the period. AQR Capital Management LLC owned approximately 0.84% of Kelly Services worth $4,185,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of KELYA. Boston Partners boosted its holdings in shares of Kelly Services by 49.0% during the 4th quarter. Boston Partners now owns 1,889,389 shares of the business services provider's stock valued at $26,450,000 after acquiring an additional 621,078 shares in the last quarter. American Century Companies Inc. raised its holdings in Kelly Services by 10.7% in the 4th quarter. American Century Companies Inc. now owns 897,155 shares of the business services provider's stock valued at $12,506,000 after buying an additional 86,560 shares during the last quarter. Geode Capital Management LLC boosted its position in Kelly Services by 1.2% during the 4th quarter. Geode Capital Management LLC now owns 791,125 shares of the business services provider's stock worth $11,031,000 after buying an additional 9,464 shares during the period. Renaissance Technologies LLC acquired a new stake in Kelly Services in the fourth quarter valued at $5,343,000. Finally, Kennedy Capital Management LLC bought a new position in shares of Kelly Services during the fourth quarter worth about $4,082,000. 76.34% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have commented on KELYA. Barrington Research restated an "outperform" rating and issued a $25.00 price target on shares of Kelly Services in a report on Tuesday, February 18th. StockNews.com raised shares of Kelly Services from a "hold" rating to a "buy" rating in a research report on Monday.

Kelly Services Price Performance

Shares of KELYA stock traded up $0.03 during trading hours on Tuesday, reaching $12.38. The stock had a trading volume of 316,569 shares, compared to its average volume of 343,987. The stock's fifty day simple moving average is $12.28 and its 200 day simple moving average is $13.78. The company has a current ratio of 1.65, a quick ratio of 1.65 and a debt-to-equity ratio of 0.19. Kelly Services, Inc. has a 12 month low of $10.80 and a 12 month high of $23.81. The firm has a market capitalization of $431.91 million, a PE ratio of -206.30, a PEG ratio of 0.43 and a beta of 0.96.

Kelly Services (NASDAQ:KELYA - Get Free Report) last released its quarterly earnings results on Thursday, May 8th. The business services provider reported $0.39 earnings per share for the quarter, missing the consensus estimate of $0.53 by ($0.14). Kelly Services had a negative net margin of 0.01% and a positive return on equity of 6.56%. The company had revenue of $1.16 billion during the quarter, compared to the consensus estimate of $1.16 billion. On average, equities research analysts predict that Kelly Services, Inc. will post 2.45 EPS for the current year.

Kelly Services Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 3rd. Investors of record on Monday, May 19th will be paid a $0.075 dividend. The ex-dividend date is Monday, May 19th. This represents a $0.30 annualized dividend and a dividend yield of 2.42%. Kelly Services's payout ratio is currently -50.00%.

Kelly Services Profile

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.