Cubist Systematic Strategies LLC acquired a new stake in Kelly Services, Inc. (NASDAQ:KELYA - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 169,349 shares of the business services provider's stock, valued at approximately $2,361,000. Cubist Systematic Strategies LLC owned about 0.48% of Kelly Services at the end of the most recent reporting period.
Other hedge funds also recently added to or reduced their stakes in the company. KBC Group NV grew its holdings in Kelly Services by 109.1% during the 4th quarter. KBC Group NV now owns 3,886 shares of the business services provider's stock valued at $54,000 after purchasing an additional 2,028 shares during the last quarter. Parkside Financial Bank & Trust grew its holdings in Kelly Services by 49.0% during the 4th quarter. Parkside Financial Bank & Trust now owns 4,277 shares of the business services provider's stock valued at $60,000 after purchasing an additional 1,406 shares during the last quarter. Palouse Capital Management Inc. grew its holdings in Kelly Services by 13.1% during the 4th quarter. Palouse Capital Management Inc. now owns 8,194 shares of the business services provider's stock valued at $114,000 after purchasing an additional 950 shares during the last quarter. Entropy Technologies LP purchased a new position in Kelly Services during the 4th quarter valued at $153,000. Finally, AXQ Capital LP purchased a new position in Kelly Services during the 4th quarter valued at $154,000. 76.34% of the stock is currently owned by institutional investors.
Analyst Ratings Changes
Separately, Barrington Research restated an "outperform" rating and set a $25.00 price objective on shares of Kelly Services in a report on Tuesday, February 18th.
Check Out Our Latest Stock Analysis on Kelly Services
Kelly Services Price Performance
Shares of KELYA stock opened at $12.09 on Monday. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.65 and a quick ratio of 1.65. The company has a market capitalization of $421.80 million, a P/E ratio of -201.47, a P/E/G ratio of 0.43 and a beta of 0.96. The company's 50-day simple moving average is $12.31 and its two-hundred day simple moving average is $13.84. Kelly Services, Inc. has a one year low of $10.80 and a one year high of $23.81.
Kelly Services (NASDAQ:KELYA - Get Free Report) last issued its earnings results on Thursday, May 8th. The business services provider reported $0.39 EPS for the quarter, missing analysts' consensus estimates of $0.53 by ($0.14). The company had revenue of $1.16 billion during the quarter, compared to the consensus estimate of $1.16 billion. Kelly Services had a positive return on equity of 6.56% and a negative net margin of 0.01%. As a group, equities analysts anticipate that Kelly Services, Inc. will post 2.45 EPS for the current year.
Kelly Services Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 3rd. Stockholders of record on Monday, May 19th will be paid a dividend of $0.075 per share. The ex-dividend date of this dividend is Monday, May 19th. This represents a $0.30 annualized dividend and a dividend yield of 2.48%. Kelly Services's dividend payout ratio is currently -50.00%.
About Kelly Services
(
Free Report)
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.
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