CANADA LIFE ASSURANCE Co Has $65,000 Stock Holdings in Kelly Services, Inc. (NASDAQ:KELYA)

CANADA LIFE ASSURANCE Co cut its holdings in shares of Kelly Services, Inc. (NASDAQ:KELYA - Free Report) by 85.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 4,678 shares of the business services provider's stock after selling 28,035 shares during the period. CANADA LIFE ASSURANCE Co's holdings in Kelly Services were worth $65,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of KELYA. Barclays PLC lifted its position in shares of Kelly Services by 238.0% during the 3rd quarter. Barclays PLC now owns 63,638 shares of the business services provider's stock valued at $1,362,000 after buying an additional 44,811 shares during the last quarter. Franklin Resources Inc. grew its holdings in shares of Kelly Services by 9.3% in the third quarter. Franklin Resources Inc. now owns 22,362 shares of the business services provider's stock worth $456,000 after purchasing an additional 1,905 shares during the last quarter. ARGA Investment Management LP lifted its holdings in Kelly Services by 28.6% in the 4th quarter. ARGA Investment Management LP now owns 97,482 shares of the business services provider's stock worth $1,359,000 after buying an additional 21,672 shares during the period. 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 valued at $33,000 after buying an additional 1,883 shares during the period. Finally, Exchange Traded Concepts LLC raised its holdings in Kelly Services by 2.6% in the fourth quarter. Exchange Traded Concepts LLC now owns 37,404 shares of the business services provider's stock worth $521,000 after purchasing an additional 945 shares in the last quarter. 76.34% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, Barrington Research reiterated an "outperform" rating and issued a $25.00 price target on shares of Kelly Services in a research note on Tuesday, February 18th.

Kelly Services Trading Down 0.2 %

Shares of NASDAQ:KELYA traded down $0.02 on Tuesday, hitting $11.52. 11,133 shares of the company's stock were exchanged, compared to its average volume of 343,862. The stock has a market capitalization of $401.94 million, a price-to-earnings ratio of -192.30, a price-to-earnings-growth ratio of 0.43 and a beta of 0.96. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.65 and a quick ratio of 1.65. Kelly Services, Inc. has a 12 month low of $10.80 and a 12 month high of $23.97. The business's 50 day simple moving average is $12.41 and its two-hundred day simple moving average is $14.06.

Kelly Services (NASDAQ:KELYA - Get Free Report) last released its quarterly earnings data on Thursday, February 13th. The business services provider reported $0.82 earnings per share for the quarter, beating analysts' consensus estimates of $0.44 by $0.38. Kelly Services had a positive return on equity of 6.56% and a negative net margin of 0.01%. The business had revenue of $1.19 billion during the quarter, compared to analyst estimates of $1.15 billion. Analysts anticipate that Kelly Services, Inc. will post 2.45 EPS for the current fiscal year.

Kelly Services Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 12th. Investors of record on Wednesday, February 26th were issued a $0.075 dividend. This represents a $0.30 annualized dividend and a yield of 2.60%. The ex-dividend date was Wednesday, February 26th. Kelly Services's dividend payout ratio (DPR) is presently -500.00%.

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.