Dimensional Fund Advisors LP Has $35.20 Million Position in Kelly Services, Inc. (NASDAQ:KELYA)

Dimensional Fund Advisors LP trimmed its holdings in shares of Kelly Services, Inc. (NASDAQ:KELYA - Free Report) by 6.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,525,451 shares of the business services provider's stock after selling 182,899 shares during the period. Dimensional Fund Advisors LP owned about 7.09% of Kelly Services worth $35,204,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Boston Partners increased 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 worth $26,450,000 after acquiring an additional 621,078 shares during the last quarter. Renaissance Technologies LLC acquired a new position in shares of Kelly Services in the fourth quarter valued at $5,343,000. Kennedy Capital Management LLC bought a new position in shares of Kelly Services in the fourth quarter valued at about $4,082,000. JPMorgan Chase & Co. lifted its stake in shares of Kelly Services by 498.0% during the 4th quarter. JPMorgan Chase & Co. now owns 162,987 shares of the business services provider's stock worth $2,272,000 after buying an additional 135,730 shares during the last quarter. Finally, ExodusPoint Capital Management LP bought a new stake in shares of Kelly Services during the 4th quarter worth about $1,732,000. Institutional investors own 76.34% of the company's stock.

Kelly Services Stock Performance

KELYA stock traded up $1.13 during trading hours on Thursday, hitting $12.52. 399,283 shares of the stock were exchanged, compared to its average volume of 345,120. Kelly Services, Inc. has a 12 month low of $10.80 and a 12 month high of $23.81. The company has a current ratio of 1.65, a quick ratio of 1.65 and a debt-to-equity ratio of 0.19. The firm has a market capitalization of $436.80 million, a P/E ratio of -208.63, a P/E/G ratio of 0.43 and a beta of 0.96. The company has a 50-day simple moving average of $12.33 and a two-hundred day simple moving average of $14.03.

Kelly Services (NASDAQ:KELYA - Get Free Report) last posted its quarterly earnings data on Thursday, May 8th. The business services provider reported $0.39 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 business had revenue of $1.16 billion during the quarter, compared to the consensus estimate of $1.16 billion. On average, analysts forecast that Kelly Services, Inc. will post 2.45 earnings per share for the current fiscal year.

Kelly Services Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 12th. Shareholders of record on Wednesday, February 26th were issued a $0.075 dividend. This represents a $0.30 annualized dividend and a yield of 2.40%. The ex-dividend date was Wednesday, February 26th. Kelly Services's dividend payout ratio is currently -500.00%.

Wall Street Analysts Forecast Growth

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.

About Kelly Services

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.